Brokers  /  charles SCHWAB

charles SCHWAB

Moderate risk
🇺🇸 United States · 5-10 years · since 2020-02-27 · Charles Schwab & Co. Inc.
SFC
Visit site ↗
1.3/5
★★★★★ ★★★★★
305 reviews ›
1
Licenses ›
4
Withdrawal issues ›
—
Min. deposit ›
—
Max leverage ›
0
Account types ›
40/100
Scam risk ›
0
Clone sites ›
▲ 33% positive▼ 50% negative
Independent ratingshow third parties score this broker
WikiFX1.56/10
Trustpilot1.3/5
Forex Peace Army—/5
40
Moderate risk
Scam Risk Scoremonitored · 2026-07-05
Lower riskHigher risk
  • 3 user exposure/complaint reports filed
  • Withdrawal complaints in ~67% 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 & licensing5535%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints6012%
Offshore registration108%
Transparency (site/info/social)2510%
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 & Co. Inc.
Headquarters🇺🇸 United States
Founded2020-02-27
Years operating5-10 years
Employees0
Official websitetdameritrade.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
Room 3401, 34th Floor, Gloucester Tower, The Landmark, 15 Queen's Road Central, Central, Hong Kong

Regulation & licenses · 1

RegulatorLicense typeLicense No.RegionStatus
SFCDerivatives Trading License (AGN)BJO462Hong Kong—

Review analysis AI

Across 6 recent Trustpilot reviews, 50% are 1–2 star. The single most common complaint is being unable to withdraw funds (4 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
What users praise
Where reviewers are from
Taiwan1
Indonesia1
South Africa1
Australia1
Hong Kong1
Argentina1

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 2020-02-27. It reports oversight from SFC.

FXCanary’s verdict is “Guarded.” There are enough red flags that we’d urge caution before depositing.

On Trustpilot, charles SCHWAB holds a real-user score of 1.3/5 across 299 reviews. Withdrawal problems appear 4 times — always test a small withdrawal first.

Overview compiled by FXCanary from regulatory records and public data. full charles SCHWAB review