Charles Schwab Futures and Forex — where it wins, where it loses
Charles Schwab Futures and Forex does not currently take a column outright against this field. It loses on published spread. Its cost per ten lots is not confirmed, so it is left out of the cost ordering rather than estimated.
Column by column
The split
Two lists, no averaging. A broker that takes a column outright appears on the left of it; one that gets beaten on a column appears on the right. Nothing is scored into a single number, because a single number hides which side you actually care about.
Wins on
No column where Charles Schwab Futures and Forex takes the field outright.
Loses on
- published spread
Cost per 10 lots is the EUR/USD spread cost of ten round-turn standard lots at the figure above, commission excluded. Where a broker publishes a "from" spread rather than an average, the comparison inherits that limitation — see the unconfirmed list further down.
Licensing
Which entity, which regulator, which number
Tier decides how much weight a licence carries in any safety column. Each row links to the page it was read from.
| Regulator | Number | Jurisdiction | Tier | Entity | Read from |
|---|---|---|---|---|---|
| CFTC / NFA | NFA ID 0477394 | United States | Tier 1 | Charles Schwab Futures and Forex LLC | nfa.futures.org |
Checkable
Facts the comparison runs on
On the record
- Charles Schwab Futures and Forex LLC is a CFTC-registered Futures Commission Merchant and NFA Forex Dealer Member with NFA ID 0477394.
- The firm states it is also notice-registered with the SEC.
- Futures and forex trading is offered exclusively on the thinkorswim platforms following Schwab's integration of TD Ameritrade.
- The entity is a subsidiary of The Charles Schwab Corporation, which is listed on the New York Stock Exchange.
- Schwab publishes FCM and Forex Dealer Member disclosures required by CFTC Regulation 1.55 and NFA Rule 2-36.
| Trading since | not verified |
|---|---|
| Base | United States |
| Minimum to open | not verified |
| Leverage cap | 1:50 (US majors, CFTC limit) |
| EUR/USD | not verified |
| Terminals | thinkorswim desktop, thinkorswim web, thinkorswim mobile |
| Account tiers | |
| Record confidence | high |
| Matchup-ready | no — too many gaps to run a fair head-to-head |
Excluded from the maths
Not verified
Not verified
These fields are not confirmed. They are shown as gaps, not filled in, and they do not feed any column of the matrix:
- founding year of the entity
- minimum deposit
- EUR/USD spread
- account type names
- negative balance protection
- founding year
Costs less
Who beats Charles Schwab Futures and Forex on price
Tickmill
$10.00 per 10 lots · wins on headline spread, platform choice
Eightcap
$10.00 per 10 lots · wins on regulatory reach
JustMarkets
$30.00 per 10 lots · wins on headline spread
CMC Markets
$50.00 per 10 lots · wins on headline spread, no minimum deposit, regulatory reach, platform choice
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money. Verify every figure with the broker before opening an account.