Charles Schwab hosts thousands of assets for trading and investing, including stocks, options, bonds, mutual funds, cryptocurrencies and ETFs. Stock and ETF trading is commission-free, with other assets also traded at low costs. The broker is safe, having been authorised to extend its services in the US and other multiple jurisdictions globally.
- 0 commission on stocks and ETFs
- Dedicated 24/7 customer service
- Excellent research materials including interactive charts and trading ideas
- No account fees or minimum deposit requirement
- Some mutual funds attract high trading fees
- No negative balance protection except for UK traders
- Plenty of trading tools may confuse new traders
Charles Schwab – Who Are They?
It has been five decades since Charles Schwab was established in 1971. With plenty of challenges coming its way, this US-based broker has continued to support traders with some of the top-tier trading tools. This has made it rise to become one of the celebrated brokerage firms globally.
Charles Schwab has won multiple awards throughout the years, proving that it prioritises traders’ interests. It also has world-renowned regulatory authorities overseeing its activities, including the Commodity Futures Trading Commission (CFTC) and the Financial Conduct Authority (FCA). What’s more, Charles Schwab is listed on the New York Stock Exchange (NYSE).
Trading with this award-winning broker allows you to enjoy some of the most powerful trading platforms with features that will help you navigate the markets. You also have an option of getting automated using Robo-advisors to build a diversified portfolio.
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Our Opinion About Charles Schwab
Charles Schwab is a broker with diverse offerings and tools ranging from research and educational materials to trading accounts. We tested the performance of the Charles Schwab mobile app, and we must admit that it is reliable and executes orders fast. Interestingly, it is secured with a face and touch ID to safeguard your data. Therefore, we advise any active trader or investor to consider installing it, whether from Google Play or the App Store.
We also reviewed this broker’s charges, and generally, they rank on the lower side. The best part about this is that there are no hidden charges, allowing you to budget for your activities accordingly. We recommend it to low-budget traders looking for advanced trading resources.
It is worth mentioning that Charles Schwab’s customer service is very supportive and ensures you find relevant solutions whenever you encounter trading issues. It operates round the clock and has allowed communication through various channels, including phone and live chat. Unfortunately, Charles Schwab lacks email support.
The broker’s platform is navigable, and we believe that newbies will not have any problems identifying trading tools. With no minimum deposit requirement and low fees, you can kickstart your trading activities without worrying about spending a lot. So, make use of its demo account and test it before you decide to venture into the real markets.
With a clear mindset, I started searching for a broker suited the best for me. I compared many of them to find the perfect one for me. I have been working with many brokers them some of them give me positive feedback and many of them give negative feedback. I am using Charles Schwab and eToro, today. But, it all started by comparing several platforms with each one of them and understanding how these brokers can be helpful for me in the long run.
I won $98 in trading with Charles Schwab. It is my start. Charles Schwab for me is a genuine broker., I admit their spreads are a bit high for me but overall they are good. They have a very huge options for tradings. Also, I got offer $20 bonus and trust me this is the best in the industry since they have a very few conditions to meet for profit withdrawals.