Company Profile
Company Profile
Review summary
NOTE: Charles Schwabs official site - https://charlesforex.com/index.html is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
| Charles Schwab Review Summary | |
| Registered Country/Region | United States |
| Regulation | No Regulation |
| Trading Platforms | A Web-based Platform |
| Customer Support | Tel: +1 (929)2689293 |
| Email: services@charlesforex.com | |
What is Charles Schwab？
Charles Schwab, owned by Charles Schwab Corporation and registered in the United States, is an emerging Forex broker with around 2 years of experience in business. However, it operates without any regulation. And the official website is currently non-functional. Additionally, there is a lot of exposure to it on WikiFX.
Pros & Cons
| Pros | Cons |
| N/A |
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Cons:
No Regulation: Operating without regulation indicates risks in the broker's legitimacy and the safety of clients' funds. Regulation provides a level of oversight and protection for traders.
Non-functional Official Website: A non-functional website is frustrating for clients trying to access important information or conduct transactions. It can also be a sign of poor management or technical issues.
Exposure on WikiFX: There are five pieces of exposure about “Unable to Withdraw” and “Scam” to Chales Schwab on WikiFX.
Is Charles Schwab Safe or Scam？
It's highly advisable to avoid using this “Charles Schwab” for any financial transactions and consider it a potential scam. Without regulation, there is no guarantee of protection for traders' funds or adherence to industry standards. And the non-functional website raises concerns about the broker's reliability and professionalism. Moreover, exposure on WikiFX suggests risks to fund safety.
Trading Platform
Clients are allowed to apply on a web-based trading platform that supports multiple time frames, charts, and some of the most popular drawing tools and price indicators. But we can't find more details and verify it due to the non-functional website.
Customer Service
Charles Schwab's customer service can be reached via telephone at +1 (929) 268-9293 and email at services@charlesforex.com. However, the quality and responsiveness of their customer service is uncertain.
Conclusion
Using “Charles Schwab” for trading is highly unadvisable and carries significant risks. The lack of regulation, the non-functional website, and negative online exposure raise major red flags regarding the legitimacy and safety of this entity. To prioritize your financial safety and security, we suggest you avoid any interaction with Charles Schwab and choose a well-established and well-regulated broker.
Frequently Asked Questions (FAQs)
Q: Is Charles Schwab regulated？
A: No, it operates without any regulation.
Q: What trading platform does Charles Schwab offer？
A: Charles Schwab offers a web-based platform.
Q: Is Charles Schwab safe to use？
A: Due to the lack of regulation and the non-functional official website, it is advisable to avoid using Charles Schwab for any financial transactions and consider it a potential scam.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
Fx4679443
United Kingdom
They are a complete con. They make outrageous profit promises but fail to fulfil since they forbid withdrawals. Make no deposits since you will lose everything.
Exposure
FX5743883
United States
Once you have started the trade with Charles Schwab, you will find yourself to blame even if you try trading short-term, which is quite manipulative. Whether or whether the asset reaches the stop loss price, a stop loss order will be placed if it moves a certain amount away from the goal, and if you are making a significant profit, all long-term trades will be closed out.
Exposure
FX5743883
United States
On the grounds of suspicious behavior, they rejected my withdrawal and canceled my account, claiming the email that follows as support. My trading account was the subject of security checks, and as a result of questionable activity on it, they were compelled to stop it. I sent them the details of my beneficiary account so they could transfer my funds after they told me that all of my deposits would be reimbursed.
Exposure
Nomisterionn
Czech Republic
starting capital $10,000, payment of tax and various fees, logged out of the mt5 application and no profit paid $604,000 was my live account before I was logged out of the mt5 application
Exposure
FX3087872909
Pakistan
I submitted lot of requests for withdrawal on email and customer service of charles forex. But no response from broker. And my withdrawals are still pending from 3 weeks.
Exposure