Schwab Journal
| Journal status: live Schwab joined in | not yet |
Schwab Profile
Website
Year
1971
Country
US
Branches
250
Regulation
FINRA US, CFTC US, NFA US, SEC US
Registration
FINRA US, CFTC US, NFA US, SEC US
Investor protection
Fund protection
US Securities Investor Protection Corporation (SIPC)
Publicly traded
NYSE: SCHW
Restricted in
Not serving
х Australia, Austria, Belgium, Bulgaria, Canada, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Ireland, Italy, Japan, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Saudi Arabia, Singapore, Slovakia, Slovenia, Spain, Sweden, UK
Broker type
MM
Dealing book
A+B hybrid book
Tier
3
Execution speed
80 ms
LPs total
4
LPs quality
Tier-1 Banks, Non-banks
LPs names
Citadel Securities, JPMorgan, Virtu Financial, XTX Markets
Schwab Accounts
MM
Minimum Deposit
1 $
Leverage
50 : 1
Minimum Lot
0.1 lots
EURUSD spread
1.2 pips
Commission
0 $/lotRT
Volume
1000 lots
Margin Call
100 %
Stop Out
25 %
Execution
Market
Spread
floating
Scalping
no
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, Check
Base currency
USD
Segregated accounts
yes
Interest on margin
yes
Inactivity fee
none
| Update broker |
- Full listing profile: Schwab broker profile
Is Schwab safe?
- Investor protection: US Securities Investor Protection Corporation (SIPC)
- Regulation: FINRA US, CFTC US, NFA US, SEC US
- Registration: FINRA US, CFTC US, NFA US, SEC US
- Publicly traded: NYSE: SCHW
- Segregated account: yes
- Guaranteed Stop Loss: no
- Negative Balance Protection: no
Is Schwab trusted?
- Information transparency: high
★★★★★ - Customer service: ...
- Schwab website: semi-detailed, updated
★★★ - Schwab popularity (by visitor count): top visited
★★★★★
How Schwab works
Forex accounts are not protected by the Securities Investor Protection Corporation (SIPC), nor do they receive a preference in any bankruptcy proceeding pursuant to Part 190 of the CFTC's regulations.
Read additional CFTC and NFA futures and forex public disclosures for Charles Schwab Futures and Forex LLC.
Forex accounts are not available to residents of Ohio or Arizona.
Charles Schwab Futures and Forex is the counterparty to all forex customer trades, and exclusively uses straight-through processing such that it automatically (without human intervention and without exception) enters into the identical but opposite transaction with another liquidity provider (creating an offsetting position in its own name).
https://www.schwab.com/forex
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