Charles Schwab vs Earn 2025

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Regulation

Comparing Charles Schwab and Earn provides a clear picture of their differences in trust and regulatory standing. Founded in 1971, Charles Schwab is a publicly traded company and also functions as a bank. Known for holding five Tier-1 licenses, which are highly trusted by ForexBrokers.com, Schwab boasts a perfect Trust Score of 99. By contrast, Earn was established in 1994 and is not publicly traded nor does it operate as a bank. While it holds one Tier-1 license, Earn's Trust Score of 71 indicates an average risk, highlighting its less established regulatory position compared to Schwab.

Feature	Charles Schwab	Earn
Year Founded info	1971	1994
Publicly Traded (Listed) info	Yes	No
Bank info	Yes	No
Tier-1 Licenses info	5	1
Tier-2 Licenses info	0	0
Tier-3 Licenses info	0	0
Tier-4 Licenses info	0	0

Fees

For commissions and fees, both Charles Schwab and Earn receive 4 out of 5 stars, but Schwab ranks higher at #26 of 63 brokers while Earn sits at #46 of 63. That gap reflects stronger pricing clarity at Schwab, which discloses key cost details that help traders estimate what they’ll pay.

Schwab has no minimum deposit for its main brokerage accounts and supports forex trading through Schwab One with access to the thinkorswim platform. Forex trades are commission-free, with costs coming from the bid/ask spread; the average EUR/USD spread in October 2024 was 1.35 pips, which is toward the high end of the industry average. The smallest trade size is 10,000 units (about $500 minimum margin at 20:1 leverage). All Schwab One trades settle in U.S. dollars; trading international securities in local currency via Schwab One requires a phone order. For direct local-currency trading across 12 markets, Schwab Global applies currency conversion fees of roughly 0.2%–1%, depending on account balance. Overnight financing (carry) rates are shown in-platform so you can estimate holding costs.

Earn also holds a 4-star rating for commissions and fees, but ranks lower at #46 of 63. Average spread data for Earn isn’t available, making its day-to-day trading costs harder to compare. If you’re choosing between the two, Schwab provides clearer visibility into spreads and ancillary costs, while with Earn you may need to confirm current spreads, any commissions, currency conversion charges, and overnight financing before you trade.

Feature	Charles Schwab	Earn
Minimum Deposit info	$0	$100
Average spread (EUR/USD) - Standard account info	1.32 info	N/A
All-in Cost EUR/USD - Active info	1.32 info	N/A
Non-wire bank transfer info	Yes	No
PayPal (Deposit/Withdraw) info	No
Skrill (Deposit/Withdraw) info	No
Bank Wire (Deposit/Withdraw) info	Yes

Dive deeper: Best Low Spread Forex Brokers.

Range of investments

For sheer variety, Charles Schwab outpaces Earn by a wide margin. Schwab lists about 40,000 tradeable symbols compared with Earn’s 500. In forex, Schwab offers 73 currency pairs while Earn provides 61, and both let you trade forex as CFDs or spot contracts. Schwab also supports buying exchange‑traded securities on U.S. and international exchanges—so you can purchase shares like Apple on Nasdaq or Vodafone in London—whereas Earn does not offer direct share ownership.

Neither broker sells actual, delivered cryptocurrency, but both provide cryptocurrency CFDs. Earn includes copy trading; Schwab does not. Reflecting this broader mix, Schwab earns 5 stars for Range of Investments and ranks #5 out of 63 brokers at ForexBrokers.com, while Earn scores 3.5 stars and ranks #46.

Feature	Charles Schwab	Earn
Forex Trading (Spot or CFDs) info	Yes	Yes
Tradeable Symbols (Total) info	40000	500
Forex Pairs (Total) info	73	61
U.S. Stocks (Shares) info	Yes	No
Global Stocks (Non-U.S. Shares) info	Yes	No
Copy Trading info	No	Yes
Cryptocurrency (Underlying) info	No	No
Cryptocurrency (CFDs) info	Yes	Yes
Disclaimers	Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).	Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

Comparing Charles Schwab vs Earn for trading platforms and tools: both offer free paper (simulated) trading, web-based trading, Windows desktop software, and the ability to place orders directly from charts. Charles Schwab provides an in-house (proprietary) platform, while Earn does not have its own. If you need MetaTrader or copy trading, Earn stands out with MT4, MT5, and copy trading; Charles Schwab does not support MT4/MT5 or copy trading. The exact counts of technical indicators and watch list fields are not specified for either broker.

In independent testing by ForexBrokers.com, Charles Schwab earns 5 stars and ranks #5 of 63 for Trading Platforms and Tools, while Earn receives 4 stars and ranks #52. In simple terms, choose Charles Schwab if you want a highly rated, in-house experience with paper trading and chart-based order entry; pick Earn if your priority is MetaTrader compatibility and copy trading, while still getting paper trading, chart trading, and access via web and Windows desktop.

Feature	Charles Schwab	Earn
Virtual Trading (Demo) info	Yes	Yes
Proprietary Desktop Trading Platform info	Yes	No
Desktop Platform (Windows) info	Yes	Yes
Web Platform info	Yes	Yes
Copy Trading info	No	Yes
MetaTrader 4 (MT4) info	No	Yes
MetaTrader 5 (MT5) info	No	Yes
Charting - Indicators / Studies (Total) info	374	35
Charting - Trade From Chart info	Yes	Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

When comparing the mobile trading apps from Charles Schwab and Earn, both offer iPhone and Android support, price alerts, and handy chart tools like drawing trendlines with auto-save. The key split is watchlist syncing: Schwab syncs symbols between the app and your online account, while Earn does not. For charting depth, Schwab delivers 374 technical studies, far more than Earn’s 35, which can matter if you rely on indicators for decisions in stocks or forex.

In third-party evaluations, Charles Schwab earns 5 stars and ranks #6 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com. Earn receives 4 stars and ranks #28 out of 63. In short, Schwab suits traders who want more tools and seamless watchlist syncing, while Earn covers the essentials with a simpler setup.

Feature	Charles Schwab	Earn
Android App info	Yes	Yes
Apple iOS App info	Yes	Yes
Mobile Price Alerts info	Yes	Yes
Mobile Watchlists - Syncing info	Yes	No
Mobile Charting - Indicators / Studies info	374	35
Mobile Charting - Draw Trendlines info	Yes	Yes
Mobile Charting - Trendlines Autosave info	Yes	Yes

Dive deeper: Best Forex Trading Apps.

Market research

Charles Schwab vs. Earn: both brokers deliver daily market commentary, top-tier forex news feeds (from sources like Bloomberg/Reuters/Dow Jones), and an economic calendar to track upcoming events. Neither platform includes Autochartist, Trading Central tools, or a sentiment gauge showing long/short positioning. Schwab does not offer TipRanks or Acuity Trading integrations; Earn’s support for TipRanks and Acuity Trading isn’t specified.

For overall research strength, Charles Schwab stands out with a 5-star rating and a #5 ranking out of 63 brokers on ForexBrokers.com. Earn holds a 3.5-star rating and ranks #39. If you want widely recognized research depth and higher expert rankings, Schwab is the stronger choice; if you mainly need daily commentary, headline-grade forex news, and an economic calendar, both will cover the basics.

Feature	Charles Schwab	Earn
Daily Market Commentary (Articles) info	Yes	Yes
Forex News (Top-Tier Sources) info	Yes	Yes
Autochartist info	No	No
Trading Central info	No	No
Client sentiment data info	No	No
TipRanks info	No
Acuity Trading info	No
Economic Calendar info	Yes	Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

For beginners who want plenty of learning support, Charles Schwab is the stronger pick. It runs client webinars at least once a month and offers large video libraries for both newcomers and experienced traders (10+ videos in each). Schwab holds a 5-star Education rating and ranks #6 out of 63 brokers on ForexBrokers.com. By comparison, Earn does not host monthly client webinars and does not meet the 10-video threshold for beginner or advanced trading topics; it carries a 3.5-star Education rating and ranks #63 of 63.

Regarding forex or CFD education specifically, the available data does not confirm whether Charles Schwab or Earn provides a dedicated library of at least 10 pieces focused on those markets. If forex or CFD learning is your priority, check each broker’s current catalog to verify the depth and coverage.

Feature	Charles Schwab	Earn
Webinars info	Yes	No
Videos - Beginner Trading Videos info	Yes	No
Videos - Advanced Trading Videos info	Yes	No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that Charles Schwab is better than Earn. Charles Schwab finished with an overall rank of #6, while Earn finished with an overall rank of #50.

Charles Schwab is a highly trusted financial institution and multi-asset broker catering to U.S.-based and international forex traders. Schwab's award-winning thinkorswim platform offers over 70 tradeable currency pairs alongside impressive tools, research, and education. That said, the broker’s forex offering is still largely limited to what is available on thinkorswim.

Feature	Charles Schwab	Earn
Overall Rating info
Trust Score info	99	71
Range of Investments
Commissions & Fees
Platforms & Tools
Research
Mobile Trading
Education

FAQs

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Overall Rating	Charles Schwab	Earn
Overall Rating info
Commissions & Fees
Range of Investments
Platforms & Tools
Mobile Trading
Research
Education
Trust Score info	99	71
Winner	check_circle
Review	Charles Schwab Review

Broker Screenshots	Charles Schwab	Earn
Broker Gallery (click to expand) info

Regulation	Charles Schwab	Earn
Trust Score info	99	71
Year Founded info	1971	1994
Publicly Traded (Listed) info	Yes	No
Bank info	Yes	No
Regulated in one or more EU or EEA countries (MiFID). info	No	Yes info
Tier-1 Licenses info	5	1
Tier-2 Licenses info	0	0
Tier-3 Licenses info	0	0
Tier-4 Licenses info	0	0

Tier-1 Licenses (Highly Trusted)	Charles Schwab	Earn
Australia (ASIC Authorised) info	No	No
Canada (CIRO Authorised) info	Yes	No
Hong Kong (SFC Authorised) info	Yes	No
Japan (SFC Authorised) info		No
Singapore (MAS Authorised) info	Yes	No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info	Yes	No
USA (CFTC Authorized) info	Yes	No
New Zealand (FMA Authorised) info		No
Regulated in one or more EU or EEA countries (MiFID). info	No	Yes info

Tier-2 Licenses (Trusted)	Charles Schwab	Earn
Kenya (CMA Authorised) info
Israel (ISA Authorised) info		No
South Africa (FSCA Authorised) info		No
UAE (DFSA, FSRA, or SCA Authorised) info		No
India (SEBI Authorised) info		No
Jordan (JSC Authorised) info

Investments	Charles Schwab	Earn
Forex Trading (Spot or CFDs) info	Yes	Yes
Tradeable Symbols (Total) info	40000	500
Forex Pairs (Total) info	73	61
U.S. Stocks (Shares) info	Yes	No
Global Stocks (Non-U.S. Shares) info	Yes	No
Copy Trading info	No	Yes
Cryptocurrency (Underlying) info	No	No
Cryptocurrency (CFDs) info	Yes	Yes
Disclaimers	Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).	Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).

Cost	Charles Schwab	Earn
Average spread (EUR/USD) - Standard account info	1.32 info	N/A
All-in Cost EUR/USD - Active info	1.32 info	N/A
Inactivity Fee info	No	No
Order execution: Agency info	Yes	No
Order execution: Market Maker info	No	Yes

Funding	Charles Schwab	Earn
Minimum Deposit info	$0	$100
PayPal (Deposit/Withdraw) info	No
Skrill (Deposit/Withdraw) info	No
Bank Wire (Deposit/Withdraw) info	Yes
Non-wire bank transfer info	Yes	No

Trading Platforms	Charles Schwab	Earn
Proprietary Desktop Trading Platform info	Yes	No
Desktop Platform (Windows) info	Yes	Yes
Web Platform info	Yes	Yes
Copy Trading info	No	Yes
MetaTrader 4 (MT4) info	No	Yes
MetaTrader 5 (MT5) info	No	Yes
cTrader info	No	No

Trading Tools	Charles Schwab	Earn
Virtual Trading (Demo) info	Yes	Yes
Price Alerts info	Yes	Yes
Charting - Indicators / Studies (Total) info	374	35
Charting - Trade From Chart info	Yes	Yes
Charts can be saved info	Yes	Yes

Mobile Trading	Charles Schwab	Earn
Android App info	Yes	Yes
Apple iOS App info	Yes	Yes
Mobile Price Alerts info	Yes	Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info	Yes	No
Mobile Charting - Indicators / Studies info	374	35
Mobile Charting - Draw Trendlines info	Yes	Yes
Mobile Charting - Trendlines Autosave info	Yes	Yes
Mobile Research - Economic Calendar info	Yes	Yes

Research	Charles Schwab	Earn
Daily Market Commentary (Articles) info	Yes	Yes
Forex News (Top-Tier Sources) info	Yes	Yes
Autochartist info	No	No
Trading Central info	No	No
TipRanks info	No
Client sentiment data info	No	No
Economic Calendar info	Yes	Yes

Education	Charles Schwab	Earn
Webinars info	Yes	No
Videos - Beginner Trading Videos info	Yes	No
Videos - Advanced Trading Videos info	Yes	No

Major Forex Pairs	Charles Schwab	Earn
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info	Yes	Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review	Charles Schwab Review

Overall	Charles Schwab	Earn
Overall Rating info
Commissions & Fees
Range of Investments
Platforms & Tools
Mobile Trading
Research
Education
Trust Score info	99	71
Winner	check_circle
Review	Charles Schwab Review