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Home ‣ Compare ‣ Charles Schwab vs RoboForex 2025

Charles Schwab vs RoboForex 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of Charles Schwab vs RoboForex, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

Charles Schwab
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5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 99
  • Tradeable Symbols (Total): 40000
RoboForex
4/5 Stars Overall
  • Minimum Deposit: $100
  • Trust Score: 73
  • Tradeable Symbols (Total): 8400

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

Charles Schwab, established in 1971, stands as a highly trusted financial figure in the online brokerage space. As a publicly traded company and a bank, it boasts the highest possible Trust Score of 99 according to ForexBrokers.com. This rating reflects its formidable security and reliability standards. Charles Schwab holds five Tier-1 licenses, which are considered the gold standard for trust and legality in the financial industry.

On the other hand, RoboForex, founded in 2009, is not publicly listed and does not operate as a bank. With a Trust Score of 73, it falls into the average risk category according to ForexBrokers.com. While RoboForex holds only one Tier-1 license, it maintains its standing as a viable platform for users who might prioritize different features over the assurance of a top-tier regulatory framework. These details help distinguish the two platforms, offering potential investors a clear picture of their options.

Feature Charles Schwab logoCharles Schwab
RoboForex logoRoboForex
Year Founded info 1971 2009
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 2

Fees

Charles Schwab offers commission-free forex trading; your cost is the bid/ask spread. In October 2024, its average EUR/USD spread was 1.35 pips, which is on the higher side. There’s no minimum deposit for primary accounts, and forex access comes through the Schwab One account on thinkorswim. Trades settle in U.S. dollars, and the smallest trade size is 10,000 units (about $500 margin at 20:1 leverage). If you use the Schwab Global account to trade in local currencies, expect currency conversion fees of roughly 0.2% to 1% based on your balance. Overnight financing (carry) costs are displayed in-platform. Rating: 4 out of 5 stars; Ranking for Commissions and Fees: #25 of 63.

RoboForex lists average EUR/USD spreads of about 1.3 pips on its Procent and Pro accounts, which is considered high for those account types. That places RoboForex’s headline spread slightly tighter than Schwab’s recent 1.35 pips, but still elevated by industry standards. Rating: 3.5 out of 5 stars; Ranking for Commissions and Fees: #56 of 63.

Bottom line: Charles Schwab charges no forex commission and provides clear tools for estimating overnight costs, but its EUR/USD spread (1.35 pips) ran a bit wider than RoboForex’s 1.3 pips on select accounts. Schwab also adds potential conversion fees (0.2%–1%) when trading international markets in local currencies. Considering overall value signals, Schwab’s higher rating (4.0) and stronger category rank (#25) compare favorably to RoboForex’s 3.5 stars and #56 placement, while RoboForex may appeal if you’re focused on a marginally narrower EUR/USD spread on those specific account types.

Feature Charles Schwab logoCharles Schwab
RoboForex logoRoboForex
Minimum Deposit info $0 $100
Average Spread EUR/USD - Standard info 1.35 info 1.3 info
All-in Cost EUR/USD - Active info 1.35 info N/A
Active Trader or VIP Discounts info No Yes
ACH or SEPA Transfers info Yes Yes
PayPal (Deposit/Withdraw) info No Yes
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

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Range of investments

When it comes to comparing the range of investments available at Charles Schwab and RoboForex, both platforms bring something to the table, catering to different investment needs. Charles Schwab shines with an impressive range of 40,000 tradable symbols, including 73 forex pairs, and offers the ability to trade exchange-traded securities on both U.S. and international exchanges. This flexibility allows clients to invest in renowned companies such as Apple and Vodafone. Although Charles Schwab doesn't support copy trading, it does provide access to cryptocurrency derivatives, offering a broad spectrum of investment opportunities, which earns it a full 5-star rating and a prestigious fifth place in the Range of Investments category according to ForexBrokers.com.

RoboForex, known for offering forex trading as both CFD and spot contracts, presents investors with 8400 tradable symbols and 28 forex pairs. While it does not support direct investment in U.S. and international stocks like Charles Schwab, it compensates with features such as copy trading, appealing to those interested in following successful strategies. RoboForex also offers cryptocurrency derivatives, though not the actual cryptocurrencies. These capabilities contribute to a solid 4.5-star rating and a respectable 21st ranking in the Range of Investments category among 63 brokers.

Feature Charles Schwab logoCharles Schwab
RoboForex logoRoboForex
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 40000 8400
Forex Pairs (Total) info 73 28
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info No Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) 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 trading platforms and tools, both Charles Schwab and RoboForex offer paper trading (demo accounts), plus web-based and Windows desktop platforms. Schwab adds a proprietary, in-house platform, while RoboForex leans on third-party options and supports MetaTrader 4 and MetaTrader 5—neither of which Schwab offers. RoboForex includes copy trading, whereas Schwab does not; neither broker supports DupliTrade or ZuluTrade. Both let you place trades directly from charts.

For charting, indicator counts weren’t provided, but Schwab lists 24 drawing tools versus RoboForex’s 15. Watch lists are a standout difference: Schwab offers up to 580 fields, while RoboForex lists 7. In ForexBrokers.com ratings for Trading Platforms and Tools, Schwab earns 5 stars and ranks #5 out of 63 brokers, while RoboForex earns 4 stars and ranks #44. In short, choose Schwab if you want deep platform tools and expansive watch lists, or go with RoboForex if you prefer MetaTrader and access to copy trading.

Feature Charles Schwab logoCharles Schwab
RoboForex logoRoboForex
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info No Yes
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 374 30
Charting - Drawing Tools (Total) info 24 15
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 580 7

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

Forex trading apps

Both Charles Schwab and RoboForex offer full-featured mobile trading apps for iPhone and Android, complete with real-time quotes and price alerts for stocks and forex. Where they diverge is watchlist syncing: Schwab syncs watchlists between the mobile app and your online account, so changes carry over automatically, while RoboForex does not. If you want a smoother cross-device workflow, Schwab has the edge.

For charting on the go, Schwab delivers 374 technical studies compared with RoboForex’s 30, and both apps let you draw trendlines, switch among multiple time frames, and auto-save chart drawings. In independent testing by ForexBrokers.com, Schwab earned 5 stars and ranked #6 out of 63 brokers for Mobile Trading Apps, while RoboForex earned 4 stars and ranked #44. Traders who need deeper analysis tools and synced lists may prefer Schwab, while RoboForex covers the essentials for everyday charting and alerts.

Feature Charles Schwab logoCharles Schwab
RoboForex logoRoboForex
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 374 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

For market research, both Charles Schwab and RoboForex deliver daily market commentary, forex news from top-tier sources like Bloomberg or Reuters, and an economic calendar that tracks major global events. Neither broker offers Autochartist tools, sentiment-based trading tools, or TipRanks research.

The key difference is in third‑party add‑ons: RoboForex includes Trading Central and Acuity Trading (Signal Centre), while Charles Schwab does not. Even so, Schwab’s research earns a higher score overall—rated 5 stars and ranked #4 out of 63 brokers by ForexBrokers.com—compared with RoboForex’s 3.5 stars and #38 ranking. If you want premium news and daily insights, both fit the bill; if you value Trading Central or Acuity specifically, RoboForex has those, while Schwab leads on overall research quality and recognition.

Feature Charles Schwab logoCharles Schwab
RoboForex logoRoboForex
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info No Yes
Social Sentiment - Currency Pairs info No No
TipRanks info No No
Signal Centre (Acuity Trading) info No Yes
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

For beginners who want clear, structured learning, Charles Schwab offers a wide range of forex and CFD education. You’ll find at least 10 dedicated pieces on forex/CFDs, monthly client webinars, and a searchable archive of past sessions. Schwab also supplies 10+ beginner trading videos and 10+ advanced videos, plus an investor dictionary with 50+ terms to help you learn the basics. It earns a 5-star Education rating and ranks #6 out of 63 brokers for Education on ForexBrokers.com.

RoboForex provides fewer beginner-focused materials in this area. It does not meet the minimum of 10 forex/CFD pieces, does not host monthly educational webinars, and does not offer a searchable archive of recorded sessions. It also falls short of having 10+ beginner or 10+ advanced trading videos and lacks a large investor dictionary. As a result, RoboForex holds a 3.5-star Education rating and ranks #57 out of 63 for Education. If you want a guided learning path with webinars, videos, and glossaries, Schwab is the stronger pick for newcomers.

Feature Charles Schwab logoCharles Schwab
RoboForex logoRoboForex
Education (Forex or CFDs) info Yes No
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) 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 RoboForex. Charles Schwab finished with an overall rank of #6, while RoboForex finished with an overall rank of #46.

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 logoCharles Schwab
RoboForex logoRoboForex
Overall Rating info 5/5 Stars 4/5 Stars
Trust Score info 99 73
Range of Investments 5/5 Stars 4.5/5 Stars
Commissions & Fees 4/5 Stars 3.5/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Education 4.5/5 Stars 3/5 Stars

FAQs

Can you trade cryptocurrency with Charles Schwab or RoboForex?

Both Charles Schwab and RoboForex do not offer the ability to purchase actual (delivered) cryptocurrency, but they do provide options to buy cryptocurrency derivatives.

What funding options does each broker offer?

When comparing online brokers, Charles Schwab and RoboForex both support ACH and SEPA transfers as well as bank wires for deposits and withdrawals, but RoboForex stands out by additionally providing options for PayPal, Skrill, and Visa or Mastercard, none of which are available with Charles Schwab.

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Overall Rating Charles Schwab RoboForex
Overall Rating info 5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 3.5/5 Stars
Range of Investments 5/5 Stars 4.5/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 3/5 Stars
Trust Score info 99 73
Winner check_circle
Review Charles Schwab Review RoboForex Review
Broker Screenshots Charles Schwab RoboForex
Broker Gallery (click to expand) info
Schwab thinkorswim mobile forex charting. Schwab thinkorswim desktop forex trading. Schwab research weekly market analysis YouTube video detail. Schwab education courses technical analysis.
Regulation Charles Schwab RoboForex
Trust Score info 99 73
Year Founded info 1971 2009
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 2
Tier-1 Licenses (Highly Trusted) Charles Schwab RoboForex
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 RoboForex
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No
South Africa (FSCA Authorised) info No
UAE (DFSA/Central Bank Authorised) info No
India (SEBI Authorised) info No
Jordan (JSC Authorised) info
Investments Charles Schwab RoboForex
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 40000 8400
Forex Pairs (Total) info 73 28
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info No Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) 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 RoboForex
Average Spread EUR/USD - Standard info 1.35 info 1.3 info
All-in Cost EUR/USD - Active info 1.35 info N/A
Active Trader or VIP Discounts info No Yes
Inactivity Fee info No Yes
Execution: Agency Broker info Yes Yes
Execution: Market Maker info No Yes
Funding Charles Schwab RoboForex
Minimum Deposit info $0 $100
PayPal (Deposit/Withdraw) info No Yes
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info Yes Yes
Trading Platforms Charles Schwab RoboForex
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info No Yes
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools Charles Schwab RoboForex
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 580 7
Charting - Indicators / Studies (Total) info 374 30
Charting - Drawing Tools (Total) info 24 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading Charles Schwab RoboForex
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 374 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Economic Calendar info Yes Yes
Research Charles Schwab RoboForex
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info No Yes
TipRanks info No No
Social Sentiment - Currency Pairs info No No
Economic Calendar info Yes Yes
Education Charles Schwab RoboForex
Education (Forex or CFDs) info Yes No
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes No
Major Forex Pairs Charles Schwab RoboForex
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review Charles Schwab Review RoboForex Review
Overall Charles Schwab RoboForex
Overall Rating info 5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 3.5/5 Stars
Range of Investments 5/5 Stars 4.5/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 3/5 Stars
Trust Score info 99 73
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Review Charles Schwab Review RoboForex Review
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