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Charles Schwab Online Stock Brokers Review

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Charles Schwab & Company is an investment services firm that offers securities trading, investment advisory, equity research, and banking services. One of the largest brokerage firms in the USA, the company is based in San Francisco, California, and operates as a subsidiary of Schwab Holdings, Inc. Its investment solutions include an electronic trading platform for the sale of financial securities, margin lending, registered investment advisors, and other related products.
 
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How is Charles Schwab rated?

Breakdown

Overall Rating: 0 / 5 (N/A)

With excellent marks across the board, Charles Schwab is one of the best alternatives in the market for both beginner and experienced investors. This is in largely due to its broad range of investment solutions, which include different types of portfolio management, numerous financial securities to invest in, several other types of accounts to compliment their brokerage account, and advanced trading tools. The added benefit of experienced financial advisors and mobile apps, as well as the option to engage in margin lending, further cements Schwab's investment capabilities. To top it all off, Schwab charges almost no fees for their brokerage accounts other than its commission. Lastly, customers can expect the company to be accountable and keep their money safe given its financial stability and SIDC insurance.

Charles Schwab Features

Features - 0 / 5

Portfolio Management
Self-Directed
Managed
Investment Products
Stocks
ETFs
Options
Mutual Funds
Bonds
CDs
Futures
Annuities
Types of Accounts
Brokerage
IRA
Roth IRA
Checking
Savings
Mobile App
Yes
Margin Lending
Yes

Financial Advisors

For complex wealth management needs, Charles Schwab customers have the opportunity to work with experienced, local, independent investment advisors from the Schwab Advisor Network®. The company refers customers to advisors who can offer specialized guidance and personalized attention.

Trading Tools

Charles Schwab's trading tools include: a customizable trading platform StreetSmart Edge®, a gain/loss analyzer, apps for trading on mobile devices, an interactive trade activity bubble chart, pre-defined and customizable options screeners, a trade and probability calculator, and much more.

Broker Physical Locations

Charles Schwab has physical branch locations all over the US.

Charles Schwab Fees and Commissions

Pricing and Fees - 0 / 5

Trade Cost/Commission
$0–1.50–4.95+
Minimum to Open Account
$1,000

Fees (Additional Info)

Schwab's minimum balance required to open a new brokerage account is often waived by setting up automatic monthly transfers from another account.

Charles Schwab Financial Strength and Customer Experience

Customer Support and Reputation - 0 / 5

Year Founded
1971
Standard & Poor's Financial Rating
A
Moody's Financial Rating
A2
SIPC Membership
Yes
BBB Rating
B-
BBB Total Complaints
62
BBB Resolved Complaints
9
Trust Pilot Rating
6.4 out of 5
Consumer Financial Protection Board (CFPB) Complaints
204
Live Help 24/7
Yes
Customer Support Hours
Phone and live chat support available 24/7
Contact Methods
Phone
Chat
Social Media
Date Collected
2018-10-17

Company Profile

Full Name
Charles Schwab Online Stock Brokers
Company Website
https://www.schwab.com
Headquarters
211 Main Street, San Francisco, CA, 94105

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Customer Comments & Reviews

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T
Tom
10/2/2019
I made the mistake of opening a joint Schwab account two weeks ago. I had been a Schwab customer years ago and never had a problem with them. Well, the new Schwab ain't the old Schwab! Right out of the box the website opened an individual account instead of the joint account. Then it blocked the account because my wife and I live in an RV. i am disabled and cannot afford the rent of a fancy apartment. Apparently, Schwab wants to see people in my situation stay that way--despite their move to commission-free brokerage on Oct. 7th. (Ever hear of new financial and bank bail-in rules? You could wind up with a bunch of your bank's stock instead of your money if it fails in a general financial... Read More

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