BP Prime vs Charles Schwab

BP Prime vs Charles Schwab Comparison Table 2023
BP Prime Charles Schwab
WINNER
Charles Schwab is the better broker
United States Flag Traders from US not accepted
United States Flag Traders from US accepted
BP Prime offers MT4 trading with fast executions and a mobile app solution. Charles Schwab is a large US investment broker offering a massive range of stocks, ETFs and equity derivatives in a variety of savings and investment accounts
Awards
  • Forex & CFD Broker of the Year 2018 - Le Fonti Awards
Instruments
Forex, CFDs, indices, commodities, cryptocurrencies Stocks, Futures, Options, Crypto, ETFs
Demo Account
Yes Yes
Minimum Deposit
$5,000 $1
Payment Methods
Minimum Trade
0.01 lots 1
Regulator
FCA SEC, FINRA, FCA1
Margin Trading
No No
MetaTrader 4
Yes No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No Yes
Robo Advisor
No Yes
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
Yes iOS & Android
Auto Trading
Yes Yes
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No Yes
Custodial Account
No Yes
Guaranteed Stop Loss
No No
Islamic Account
No No
Account Currencies
  • USD
Commodities
CFD Trading
Invest in online CFDs with 1:30 leverage. CFD trading not offered
Leverage
1:30
FTSE Spread
1.0
GBPUSD Spread<
1.4
Oil Spread
3.8
Stocks Spread
N/A
Forex Trading
Trade two-dozen+ FX pairs with low spreads. Forex trading not offered
GBPUSD Spread
1.4
EURUSD Spread
1.4
EURGBP Spread
1.4
Assets
27
Cryptocurrency
Trade cryptocurrencies with 1:10 leverage. Charles Schwab supports indirect crypto trading through digital coin trusts and crypto-related stocks.
Spread
BTC, LTC, ETH, XRP Floating
Coins
  • Variable
  • GBTC
  • BITW
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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