Global Broker Regulation Inquiry App
WikiFX
Broker
Rankings
Regulators
Shoofar
Within 1 year

Is Charles Schwab regulated? Is it safe and legit?

Broker Issues
Charles Schwab
Regulation
06-29
United States
WikiFX
Reply

In my experience, Charles Schwab is a reliable and secure brokerage, despite its regulatory status with the SFC being revoked. Schwab operates under U.S. financial regulations, and it is a member of SIPC (Securities Investor Protection Corporation), which offers protection for customers' securities, up to $500,000, including $250,000 in cash. This SIPC protection gives me confidence that my assets are secure, and it provides peace of mind in case of unforeseen circumstances. Additionally, Schwab Bank is FDIC-insured, which means that any funds in my Schwab Bank accounts are covered up to $250,000 per depositor, further adding to the safety of my funds. Although the revocation of SFC regulation might seem concerning for non-U.S. investors, the extensive regulatory framework that Schwab adheres to within the United States ensures that I am well-protected as an investor. When I first registered and logged into my Charles Schwab account, I found that Schwab makes security a top priority, which reassured me. While the revoked status from SFC might limit Schwab's activities in some regions, its extensive regulatory background and customer protection mechanisms make it a trustworthy platform for me. Therefore, despite this revocation, I still feel comfortable with Schwab’s overall security and regulatory compliance.

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com