Written by ForexBrokers.com
In this head to head comparison of Charles Schwab vs FxPro, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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.
Charles Schwab, established in 1971, stands out as a highly trusted online broker with a stellar Trust Score of 99 according to ForexBrokers.com. This places it in the top tier of reliability, making it an excellent choice for investors who prioritize security. Schwab is not only a publicly traded entity but also operates as a bank, further enhancing its credibility. The broker holds five Tier-1 licenses, which are regarded as highly trusted, although it does not hold any Tier-2 licenses. These features collectively underscore Schwab’s solid foundation and track record in the financial sector.
Founded in 2006, FxPro provides a trusted online trading experience with a noteworthy Trust Score of 93. Although not publicly traded, FxPro also functions as a bank, offering a stable environment for financial transactions. The broker is recognized for its regulatory compliance, holding two Tier-1 licenses and one Tier-2 license, which speaks to its commitment to maintaining trust in the industry. While FxPro may not have the same volume of high-level licensing as Schwab, it remains a strong contender, especially for those seeking a well-rounded, reliable trading platform.
| Feature |
Charles Schwab
|
FxPro
|
|---|---|---|
| Year Founded | 1971 | 2006 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | Yes |
| Tier-1 Licenses | 5 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
Charles Schwab and FxPro both earn 4 out of 5 stars for commissions and fees. In ForexBrokers.com’s Commissions and Fees rankings, Schwab places #26 of 63, while FxPro ranks #33 of 63. Schwab does not charge a commission for forex; your trading cost is the spread. In October 2024, Schwab’s average EUR/USD spread was 1.35 pips, on the higher side of the industry average. All trades settle in U.S. dollars, the smallest forex trade size is 10,000 units, and at 20:1 leverage that implies about $500 in margin. Schwab shows overnight financing (carry) in the thinkorswim platform, and its Schwab Global account adds currency conversion fees of 0.2%–1% when funding in a different currency; note that placing trades in a foreign currency from a Schwab One account requires a phone order.
FxPro’s pricing is generally higher than the industry average, but it varies by platform and execution. On cTrader, FxPro uses commission-based pricing with an effective EUR/USD cost of roughly 1.27 pips (about 0.37-pip average spread plus a 0.9-pip commission equivalent, per August 2020 data). On MT4/MT5 with variable spreads, EUR/USD is around 1.58 pips on MT4 market execution (1.51 pips on MT5) and 1.71 pips on MT4 instant execution. MT5 has no fixed-spread option. FxPro’s execution choices include instant execution (possible requotes, no slippage) and market execution (possible slippage, no requotes). On MetaTrader, stop/limit orders must be at least 1 pip from the entry price; cTrader has no minimum distance. FxPro also offers an Elite/Active Trader program with discounts up to 30%.
Comparing costs, FxPro’s cTrader setup can beat Schwab’s average spread on EUR/USD (about 1.27 vs. 1.35 pips), while FxPro’s MetaTrader variable spreads are generally higher than Schwab’s. Schwab’s no-commission model and clear overnight financing estimates are appealing, though spreads can be wider and trades settle in USD. FxPro’s discounts may reduce costs for high-volume traders, but its pricing still trails top low-cost peers. Both brokers hold 4/5 stars, with Schwab ranked #26/63 and FxPro #33/63 for commissions and fees.
| Feature |
Charles Schwab
|
FxPro
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average spread (EUR/USD) - Standard account | 1.32 | 1.51 |
| All-in Cost EUR/USD - Active | 1.32 | 1.27 |
| Non-wire bank transfer | Yes | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Charles Schwab and FxPro both support forex trading as CFDs or spot contracts, and both offer crypto CFDs (but neither lets you buy actual coins). Schwab clearly wins on breadth: it lists about 40,000 tradeable symbols vs 2,249 at FxPro, and 73 forex pairs vs 70. Reflecting that depth, Schwab earns 5 stars for Range of Investments and ranks #5 out of 63 brokers by ForexBrokers.com, while FxPro scores 4 stars and ranks #29.
For direct stock investing, Schwab offers exchange-traded securities on U.S. markets and international exchanges, so you can buy shares like Apple or Vodafone outright. FxPro does not offer U.S.-listed stocks, though it does provide access to some international exchange-traded shares. FxPro stands out with copy trading, which Schwab does not offer. In short, Schwab is better for investors who want a very wide range and the ability to own stocks directly, while FxPro may appeal to traders who prefer CFDs and want copy trading tools.
| Feature |
Charles Schwab
|
FxPro
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 40000 | 2249 |
| Forex Pairs (Total) | 73 | 70 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
Charles Schwab and FxPro both offer free paper trading (demo accounts), proprietary platforms, Windows desktop downloads, web platforms, and the ability to place trades right from a chart. Key differences: FxPro supports copy trading and offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while Charles Schwab does not. Counts for built-in technical indicators and watchlist columns weren’t specified for either broker.
For Trading Platforms and Tools, Charles Schwab is rated 5 stars and ranked #5 out of 63 brokers by ForexBrokers.com, while FxPro earns 4 stars and ranks #17. In short, Schwab stands out for its highly rated in-house platform suite, whereas FxPro appeals to traders who want MT4/MT5 and copy trading alongside its own platform options.
| Feature |
Charles Schwab
|
FxPro
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 374 | 53 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Comparing the Charles Schwab mobile trading app vs the FxPro mobile app, both are available for iPhone and Android. Each offers price alerts for stocks or forex, watchlist syncing between the app and your online account, and charting tools that let you draw trendlines with drawings saved automatically.
The biggest difference is charting depth: Charles Schwab includes 374 technical studies in its mobile charts, while FxPro offers 65. In third-party testing, Schwab’s mobile app earned 5 stars and ranked #6 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com; FxPro earned 4.5 stars and ranked #15. Choose Schwab if you want more built-in indicators for analysis, while FxPro remains a capable pick thanks to alerts, syncing, and drawing tools.
| Feature |
Charles Schwab
|
FxPro
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 374 | 65 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Charles Schwab and FxPro both check the key boxes for market research. Each offers daily market commentary, forex news from top‑tier sources such as Bloomberg, Reuters, or Dow Jones, and an economic calendar to track upcoming events. That means you can follow headlines and plan around major data releases with either broker.
The difference shows up in the tools. FxPro includes Trading Central for technical analysis plus a sentiment tool that displays the long/short split across instruments, while Schwab does not. Neither broker provides Autochartist, TipRanks, or Acuity Trading tools. Even so, Schwab earns stronger third‑party marks: ForexBrokers.com rates its research 5 stars and ranks it #5 of 63, compared with FxPro’s 4 stars and #26. Pick FxPro if you want built‑in Trading Central and sentiment data; choose Schwab if you value higher‑rated research and broad news coverage.
| Feature |
Charles Schwab
|
FxPro
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central | No | Yes |
| Client sentiment data | No | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Charles Schwab vs FxPro for beginner traders: Both brokers offer at least 10 beginner-friendly educational videos that explain core trading topics in plain language. Charles Schwab also runs client webinars at least once a month, giving newcomers a chance to learn live and ask questions, while FxPro does not offer monthly educational webinars. For those who plan to advance their skills, Schwab provides at least 10 advanced trading videos; FxPro does not meet that advanced video count. According to ForexBrokers.com, Schwab earns 5 stars for Education and ranks #6 out of 63 brokers, while FxPro earns 4 stars and ranks #18.
For forex and CFD-specific education (10+ pieces such as articles, videos, or archived webinars), the details provided here do not confirm whether either broker meets that exact threshold. If you want structured learning with live sessions and more advanced material, Charles Schwab is the stronger choice. If you mainly want accessible beginner videos and can do without monthly webinars or a deep advanced library, FxPro can still work well for getting started.
| Feature |
Charles Schwab
|
FxPro
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Charles Schwab is better than FxPro. Charles Schwab finished with an overall rank of #6, while FxPro finished with an overall rank of #21.
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
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FxPro
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| Trust Score | 99 | 93 |
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Charles Schwab vs. FxPro: neither broker lets you buy actual delivered cryptocurrency, but both support trading cryptocurrency CFDs.
Both Charles Schwab and FxPro support ACH/SEPA and bank wire transfers for deposits and withdrawals, but FxPro also supports PayPal and Skrill, which Charles Schwab does not.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Charles Schwab | FxPro | |
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| Trust Score | 99 | 93 | |
| Winner | check_circle | ||
| Review | Charles Schwab Review | FxPro Review |
| Broker Screenshots | Charles Schwab | FxPro | |
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| Regulation | Charles Schwab | FxPro | |
|---|---|---|---|
| Trust Score | 99 | 93 | |
| Year Founded | 1971 | 2006 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 5 | 2 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Charles Schwab | FxPro | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | ||
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | ||
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | Charles Schwab | FxPro | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | ||
| South Africa (FSCA Authorised) | Yes | ||
| UAE (DFSA, FSRA, or SCA Authorised) | No | ||
| India (SEBI Authorised) | No | ||
| Jordan (JSC Authorised) |
| Investments | Charles Schwab | FxPro | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 40000 | 2249 | |
| Forex Pairs (Total) | 73 | 70 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | FxPro | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.32 | 1.51 | |
| All-in Cost EUR/USD - Active | 1.32 | 1.27 | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | No | Yes |
| Funding | Charles Schwab | FxPro | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | Yes |
| Trading Platforms | Charles Schwab | FxPro | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | Yes |
| Trading Tools | Charles Schwab | FxPro | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 374 | 53 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Charles Schwab | FxPro | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 374 | 65 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Charles Schwab | FxPro | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Charles Schwab | FxPro | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Charles Schwab | FxPro | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Charles Schwab Review | FxPro Review |
| Overall | Charles Schwab | FxPro | |
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| Trust Score | 99 | 93 | |
| Winner | check_circle | ||
| Review | Charles Schwab Review | FxPro Review |
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