Works fine for long trades, not great for fast scalps

Name: Works fine for long trades, not great for fast scalps
Item: Charles Schwab
Rating: 3
Author: Karan Malhotra

Karan Malhotra from Gurugram. Using Charles Schwab Standard account for 10 months. Funded via bank transfer (HDFC) and deposits were consistent—same day credit. I trade EUR/USD and USD/JPY. For longer holds, pricing is okay. But when I tried quick scalps during NY session, I noticed occasional requote-like behaviour where the order takes a bit longer and the fill is a few pips off. Withdrawals: two withdrawals so far. First one took 3 business days, second took 5 business days due to ‘review’. Money did come, but timelines are unpredictable. Support: chat is available, but they keep asking for ticket numbers and screenshots. Overall 3/5.

Experience: 10 months
Country: India
Account type: Standard
Deposit experience: 4/5
Withdrawal experience: 3/5
Support rating: 3/5

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Sneha IyerUnverified

7 months

Okay-ish broker, but communication could be better

Main Sneha Iyer (Chennai) hoon. Standard account use kiya around 7 months. Deposit maine Visa credit card se kiya tha—instant credit. Trading: EUR/USD and AUD/USD mostly. Normal conditions me fills fine, but jab volatility high hoti hai tab stop/limit executions me difference aa jata hai. One time AUD/USD pe my limit order filled, but a slight delay (few seconds) and price moved away. Withdrawal: $300 withdraw to bank transfer. It took 5 business days including one extra day because ‘compliance review’. They didn’t explain until I emailed. Support team polite hai, but updates proactively nahi dete. Overall average experience.

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Arjun MehtaUnverified

8 months

Execution theek hai, but withdrawals pe follow-up karna padta hai

Main Arjun Mehta (Mumbai) hoon. Charles Schwab pe Standard account use kiya around 8 months. Deposit maine HDFC debit card se kiya tha (USD convert hoke). Deposit instant ho gaya, isme no issue. Trading: Mostly EUR/USD, GBP/USD aur kabhi-kabhi XAU/USD. Normal market me spreads ok lage, but news time (NFP/US CPI) pe slippage noticeable tha—stop loss expected price se 6-12 pips away fill hua couple times. Withdrawal: First withdrawal $250 via bank transfer request kiya. Status ‘processing’ 2-3 days tak raha, phir support se chat kiya tab jaake next day release hua. Total 5 business days lag gaye. Second time faster tha (3 business days). Support: Polite but thoda template replies. Overall average experience—platform stable, but withdrawals me proactive hona padta.

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Rohit SharmaUnverified

8 months

Reliable trading, average support response time

Using from New Delhi. I trade mostly USD/JPY and EUR/USD, occasionally XAU/USD. Deposited via international bank transfer in USD; it reflected the next business day. Trading experience is generally reliable—orders go through, charts are stable, and during normal volatility I didn’t face major issues. The downside is service speed. I raised a query about swap/rollover charges on a USD/JPY position and it took almost a full day to get a detailed response. Live chat agents were courteous but kept redirecting me to email for specifics. Withdrawals are not instant either. My last withdrawal to my bank took around 4 business days. Not a scam vibe, just slow and not very transparent on expected timelines. Overall: decent broker for steady trading, but they need faster, clearer support and quicker withdrawals.

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Ishaan GuptaUnverified

9 months

Decent broker, but weekend requests get stuck till mid-week

From Lucknow. Standard account. I mostly trade EUR/USD and gold (XAU/USD) with small position sizes. Platform stability has been fine and pricing looks okay in normal conditions. My deposit through bank transfer was smooth and credited in about 2 working days. The main friction has been withdrawals—if I place a request on Friday evening, it basically moves only after Monday. One of my withdrawals took 4 business days end-to-end. Support is reachable, but they mostly give generic timelines instead of clear tracking. It’s not bad, just not very fast on the operations side. That’s why 3 stars.

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Works fine for long trades, not great for fast scalps