ThinkMarkets vs Charles Schwab, Who's The Best?
ThinkMarkets Rating: 8.03 / 10
Charles Schwab Rating: 4.23 / 10
71.89% of retail investor accounts lose money when trading CFDs with this provider.
Your capital is at risk
ThinkMarkets vs Charles Schwab Guide
Read our In-Depth ThinkMarkets vs Charles Schwab Review - Updated for 2022
This ThinkMarkets vs Charles Schwab review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this ThinkMarkets vs Charles Schwab review does not apply to all countries as follows:
ThinkMarkets Excluded Countries
United States of America, Canada, Russian Federation, and Belgium.
Charles Schwab Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
So you are looking for a broker and are choosing between ThinkMarkets or Charles Schwab. Who is better in 2022?
This ThinkMarkets vs Charles Schwab review contains the most recent information so you can easily compare Charles Schwab against ThinkMarkets.
If you are a new entrant in the world of trading and brokerages, so many details will be perplexing for you. Getting into the area of trading requires expert assessing skills and comprehensive knowledge. You will get adept at all of the concepts of broker as you continue trading. For starters, you have to select the ideal agent who'll be transparent with you constantly.
Within this fast-paced world of stock markets and trading, you will need guidance to make proper decisions. A professionally lead investment plan has the potential to create hefty returns. ThinkMarkets and Charles Schwab are two such companies that will take you and your investment to great heights. It is important that you compare ThinkMarkets vs Charles Schwab before you trust them with your money.
Our ThinkMarkets vs Charles Schwab comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust ThinkMarkets and Charles Schwab side by side.
Our full ThinkMarkets vs Charles Schwab Review covers everything you will need to learn about trading using either ThinkMarkets or Charles Schwab. A good agent can multiply your initial investments and provide you favorable profits. If you want to earn profits, you should trade with a broker service that contrasts with your investment objectives.
There is no sure-fire way to ensure profits; therefore, you must carefully analyze your agent before you choose them. It's a frequent misconception that all brokers will be the same, but that is not correct. Wrong judgment, in the beginning, can put your investments in danger.
ThinkMarkets and Charles Schwab are both brokers that have found their way successfully to the broker world. In this review, we have tried to collate some of the important facets of both ThinkMarkets and Charles Schwab. This review will allow you to understand whether either Charles Schwab or ThinkMarkets is a fantastic fit for your investments or not. We have tried to breakdown all the features and fees for your convenience.
Compare ThinkMarkets vs Charles Schwab
Every online trading system will have some pros and cons, and no ThinkMarkets and Charles Schwab review would be complete without having a balanced approach. Compare ThinkMarkets and Charles Schwab to understand how they stack up against each other before you create an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Benefits of ThinkMarkets and Charles Schwab Compared
ThinkMarkets offers a minimum deposit of $0 while Charles Schwab offers a $25 minimum deposit.
Why smaller minimum deposits are good and how ThinkMarkets and Charles Schwab compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
ThinkMarkets has around 1500 financial instruments while Charles Schwab has around 1500 available.
The more instruments you can trade on the ThinkMarkets and Charles Schwab platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of ThinkMarkets or Charles Schwab.
ThinkMarkets and Charles Schwab Contact Details
Being able to contact a broker through many ways is vital. ThinkMarkets and Charles Schwab have the following contact details and social medias that you can use.
|Telephone Number||Australia: +61 3 9093 3400 <br>UK: +44 203 514 2374 <br>Italy: +39 023 057 9033 <br>Spain: +34 911829975|
|Address||Level 18, 357 Collins St, Melbourne, Victoria 3000, Australia <br /><br/>Hana, 4th Floor, 70 St Mary Axe, London EC3A 8BE, United Kingdom|
|ThinkMarkets Twitter Account||Charles Schwab Twitter Account|
|ThinkMarkets Facebook Page||Charles Schwab Facebook Page|
|ThinkMarkets Instagram Account||Charles Schwab Instagram Account|
|ThinkMarkets LinkedIn Page||Charles Schwab LinkedIn Page|
|YouTube||ThinkMarkets YouTube Channel||Charles Schwab YouTube Channel|
|Find Out More||
Charles Schwab and ThinkMarkets Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
In this part of our comparison of ThinkMarkets and Charles Schwab we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of both apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Although most brokers do OK in this area, there are some bad apples out there. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
ThinkMarkets vs Charles Schwab - Awards
ThinkMarkets have won several industry awards over the time they have been operating as an online trading platform. We list the most notable awards for ThinkMarkets here.
|At the time of writing this Charles Schwab review, and despite Charles Schwab’s impressive offering, the company has surprisingly not garnered any awards to date.|
|Find Out More||
ThinkMarkets vs Charles Schwab - Frequently Asked Questions
ThinkMarkets vs Charles Schwab - Headquarters And Year Of Founding
ThinkMarkets was founded in 2010 and has its headquaters in Australia & United Kingdom.
Charles Schwab was founded in 2010 and has its head office in United States.
What is the minimum deposit for Charles Schwab or ThinkMarkets
The minimum deposit for ThinkMarkets is $0.
The minimum deposit for Charles Schwab is $25.
Depending on your current situation, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both ThinkMarkets and Charles Schwab are a good option.
ThinkMarkets vs Charles Schwab - Regulation And Licencing In More Detail
ThinkMarkets is regulated by the Japanese Financial Services Agency (JFSA) with license no. 0250, the Cyprus Securities and Exchange Commission (CySEC) with license no. 215/13, the Financial Conduct Authority (FCA 629628) in the UK, the Australian Securities and Investments Commission (ASIC 424700), the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Authority (FSA SD060) Seychelles. TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority, FRN 629628. TF GLobal Markets (Aust) Limited is the holder of Australian Financial Services Licence number 424700. TF GLobal Markets (South Africa) (Pty) Ltd is an authorised financial services provider (FSP No 49835). TF Global Markets Int Limited is authorised and regulated by the Financial Services Authority, Firm Reference Number SD060 Seychelles .
Charles Schwab is regulated by Commodity Futures Trading Commission (CFTC).
Both ThinkMarkets and Charles Schwab have a powerful set of rules for ensuring fair trading on their platforms. For data encryption functions, they provide industry-standard secure socket layers (SSL).
In accordance with their individual privacy policies, client data is never to be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare ThinkMarkets vs Charles Schwab Commission And Fees
ThinkMarkets and Charles Schwab are online broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the businesses of online brokerages are scaled better. That is, an internet broker is not necessarily influenced by the number of customers they have.
But this does not necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to make money. There are primarily three different types of fees for this objective.
The first sort of charges to keep an eye out for are trading fees. Whenever you make a genuine trade, like buying a stock or an ETF, you're charged trading charges. In such cases, you're spending a spread, financing rate, or even a commission. The sorts of trading charges and the rates differ from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the flip side, a spread denotes the difference between the buying and selling price. Financing or overnight prices are people who are charged when you maintain a leveraged position for longer than daily.
Apart from trading charges, online agents also charge non-trading fees. These are dependent on the actions you undertake on your accounts. They are charged for surgeries like depositing money, not trading for lengthy periods, or withdrawals.
In general, neither ThinkMarkets or Charles Schwab charge high fees compared to other online agents. For operations other agents charge for, they do not charge a broker fee, or they charge a lesser amount. This is beneficial for those who often trade, such as weekly or daily trading.
But, non-trading fees charged by ThinkMarkets and Charles Schwab are relatively higher. As a result, you're charged more for non-trading actions in your trading accounts, like deposits and withdrawal. These are not about the purchase and sale of assets.
This ThinkMarkets vs Charles Schwab review for 2022 breaks down each of the relevant non-trading charges for you in detail.
Compare Broker Fees For ThinkMarkets And Charles Schwab
What Languages Do ThinkMarkets And Charles Schwab Support?
Being able to talk completely with your trading platform is a key part of comparing brokers to find your perfect trading partner. Not only for support but to ensure you understand everything on their site and inside their application as it is a key part of success when trading forex.
Here you can find the languages that both ThinkMarkets and Charles Schwab support.
How Many Clients Do ThinkMarkets and Charles Schwab Have?
Both ThinkMarkets and Charles Schwab are well established with their client base. It is really important to work with an online broker that is reputable and one of the most simple ways of understanding this is by knowing how many clients they already work with.
Below you will find details of how many users ThinkMarkets and Charles Schwab are active on their platform
|Clients / Users||475,000+||10,000+|
|Find Out More||
What Payment Methods Do ThinkMarkets and Charles Schwab Accept?
ThinkMarkets and Charles Schwab both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at ThinkMarkets and Charles Schwab
What Can You Trade With ThinkMarkets and Charles Schwab?
ThinkMarkets offers 1500 trading instruments and Charles Schwab offers 70.
Below you will find a full breakdown of what both ThinkMarkets and Charles Schwab offer.
Compare ThinkMarkets To All Other Brokers
Compare Charles Schwab To All Other Brokers
ThinkMarkets vs Charles Schwab:
Table Of Contents
- Compare ThinkMarkets vs Charles Schwab
- Benefits of ThinkMarkets and Charles Schwab Compared
- Charles Schwab and ThinkMarkets Mobile App Comparison
- ThinkMarkets vs Charles Schwab - Awards
- ThinkMarkets vs Charles Schwab - Frequently Asked Questions
- What is the minimum deposit for Charles Schwab or ThinkMarkets
- ThinkMarkets vs Charles Schwab - Regulation And Licencing In More Detail
- Compare Broker Fees For ThinkMarkets And Charles Schwab
- What Languages Do ThinkMarkets And Charles Schwab Support?
- How Many Clients Do ThinkMarkets and Charles Schwab Have?
- What Payment Methods Do ThinkMarkets and Charles Schwab Accept?
- What Can You Trade With ThinkMarkets and Charles Schwab?