The support offered by representatives is very fast and responsive with helpful and thoughtful responses.
Customer support representatives can be reached via live chat, telephone, secure messaging, mail, fax, social media, and in person at over 300 branches. Schwab has been recognized many times for their high level of customer service and have won numerous prominent awards. All in all, the Charles Schwab trading brokerage is very safe, secure and fair. This is to do with the brokerages compliance with the FDIC and SIPC investor compensation schemes. If for any reason a client experiences loss of funds from fraud, Schwab will cover 100% of the lost/stolen funds. Charles Schwab utilizes advanced encryption techniques as well as extended validation certificates to provide a more secure website and information transmission process. Therefore, the brokerage implements an intricate security program that utilizes various security tools to protect their customer accounts and personal information. Security and FairnessĪt the Charles Schwab brokerage, they understand the importance of security and fairness for their customers. All in all, the fees and commissions are very competitive with industry standards, especially since the Charles Schwab brokerage is so highly valued as a competent and reliable trading brokerage with excellent customer care. Traders who conduct broker assisted trades incur an additional fee of $5.00 per phone trade and $25 per broker assisted trade.
As for free tradable assets, Schwab ETFs, Schwab mutual funds, and treasuries can be traded for free. Mutual funds can be traded at $76 per buy, $0.00 per sell. CDs and bonds are only $1.00 with a $10 minimum, annuities have a base fee of 0.65%, and futures are $1.50 per contract.
As well, options are only $4.95 per trade plus $0.65 per contract. For instance, stocks and ETFs are subject to a commission of only $4.95 per trade. The fees and commissions imposed on traders are quite favorable compared with other online trading brokerages of a similar caliper to Charles Schwab. For instance, traders can participate in the global markets across the following asset classes: The Charles Schwab trading brokerage features an extensive array of investment products with nearly everything but forex trading. All in all, the StreetSmart Edge trading platform is a platform that every trader can appreciate, although it does cater to more advanced traders.
Both the web-based and downloadable trading platforms include real time data streaming, full customization of platform layouts, customizable tools, multiple monitor support, and more. As well, the platform utilizes a risk management system that allows traders to more easily monitor and take action on certain positions. The StreetSmart Edge platform has numerous integrated tools designed to identify and act on opportunities. The platform is very intuitive and allows for both complex and simple traders to make use of its tools and features. The platform features a fully customizable dashboard interface which aligns with each individual traders style.
This trading platform is available for download on Windows, Mac, and Linux operating systems, and it’s also available via web-browsers. While Charles Schwab is clearly a large, successful, and trusted trading brokerage, are they the right broker for you? Find out in the following review where we’ll look into all aspects of the Charles Schwab trading brokerages and see if their services and investable products meet your needs.Ĭharles Schwab features one standard trading platform known as “StreetSmart Edge”.
With the guidance of this regulation, Charles Schwab strives to provide their customers with premium investment services with a wide array of financial assets. As the Charles Schwab trading brokerage is based out of the United States, they are licensed and regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). The Charles Schwab broker is headquartered in San Francisco, California, United States and has over 300 branches in the United States as well as a main branch in Puerto Rico and London, England. In total, Charles Schwab has $3.18 trillion in client assets, making it one of the largest trading brokerages in the world.
Charles Schwab serves over 10.6 million active trader accounts, 1.6 million retirement plan accounts, and 1.2 million banking accounts. The brokerage was founded in 1973 and has since innovated and grown tremendously. Charles Schwab is internationally recognized as one of the world’s most renowned online trading brokerages.