Brokers  /  Charles Schwab

Charles Schwab

Severe risk
🇺🇸 United States · 5-10 years · since 2021-06-24 · Charles Schwab Corporation
Unregulated
Visit site ↗
1.6/5
★★★★★ ★★★★★
755 reviews ›
0
Licenses ›
6
Withdrawal issues ›
—
Min. deposit ›
—
Max leverage ›
0
Account types ›
75/100
Scam risk ›
0
Clone sites ›
▲ 0% positive▼ 100% negative
Independent ratingshow third parties score this broker
WikiFX1.51/10
Trustpilot1.6/5
Forex Peace Army—/5
75
Severe risk
Scam Risk Scoremonitored · 2026-07-05
Lower riskHigher risk
  • No verified regulatory license on file
  • 5 user exposure/complaint reports filed
  • Withdrawal complaints in ~120% of recent reviews
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing8535%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints9612%
Offshore registration108%
Transparency (site/info/social)2810%
Real-user sentiment908%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameCharles Schwab Corporation
Headquarters🇺🇸 United States
Founded2021-06-24
Years operating5-10 years
Employees0
Official websiteschwab.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods—
Withdrawal methods—
Instruments—
Registered address
UNIT NO.A222,3F,HANG FUNG INDUSTRIAL BUILDING,PHASE2,NO.2G HOK YUEN STREET,HUNGHOM,HK

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Review analysis AI

Across 5 recent Trustpilot reviews, 100% are 1–2 star. The single most common complaint is being unable to withdraw funds (6 reports) — the classic warning sign in forex. Sentiment is strongly negative; multiple users describe losing access to their money. Treat with extreme caution.

0
Period:
What users complain about
Where reviewers are from
United States2
United Kingdom1
Czech Republic1
Pakistan1

Real user reviews

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About Charles Schwab

Charles Schwab is a forex and CFD broker based in United States, with records dating to 2021-06-24. Critically, we could not verify any active forex-trading license for this broker.

FXCanary’s verdict is “Severe.” The combination of weak regulation and user complaints means your capital could be at serious risk.

On Trustpilot, Charles Schwab holds a real-user score of 1.6/5 across 750 reviews. Withdrawal problems appear 6 times — always test a small withdrawal first.

Overview compiled by FXCanary from regulatory records and public data. full Charles Schwab review