Charles Schwab
FeaturedFreemiumLeading full-service brokerage with excellent customer service and branch network
📈Online BrokeragesAbout Charles Schwab
Charles Schwab is a premier investment platform offering zero-commission stock and ETF trading, a vast mutual fund marketplace, and comprehensive financial planning services. Following its merger with TD Ameritrade, Schwab now combines the best of both platforms including the thinkorswim trading platform. Schwab is known for outstanding customer service, a network of physical branches, and a commitment to serving everyday investors. The company offers proprietary Schwab Intelligent Portfolios robo-advisory service and a full range of banking products.
What's Great
- ✓Zero-commission trades with access to the thinkorswim platform from TD Ameritrade
- ✓Excellent customer service consistently rated among the best in the industry
- ✓Physical branch network for in-person consultations and support
- ✓Schwab Intelligent Portfolios offers free robo-advisory with no advisory fee
- ✓Comprehensive banking products including checking, savings, and credit cards
Watch Out For
- !Schwab Intelligent Portfolios requires a $5,000 minimum investment
- !Integration of TD Ameritrade features is still ongoing
- !Fractional shares limited to S&P 500 stocks through Schwab Stock Slices
- !International trading options are more limited than some competitors
Common Use Cases
Investor wanting a full-service platform with both online and branch access
Active trader seeking the advanced thinkorswim charting and analysis tools
Saver wanting integrated brokerage and banking under one roof
Pricing Model
Freemium
Free plan available. Paid plans unlock advanced features and higher limits.
Category
Online Brokerages
Full-service and discount brokerages for trading stocks, ETFs, options, and bonds.
Tags
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