Charles Schwab has a good reputation in the investing community for a reason. The broker offers high-quality customer service, competitive trading platforms and a large selection of commission-free exchange traded funds and no-transaction-fee mutual funds. The company offers its customers two strong trading platforms and has a low minimum investment requirement, making it suitable for both new and active traders. Commissions and fund expenses: Schwab also offers some of the lowest expense ratios for index funds and ETFs, and recently did away with mutual funds that carry loads, or initial sales charges.
You can sort the list by feature, including expense ratio , Morningstar category and benchmark index. Like many online brokers, Schwab offers around-the-clock phone support. Schwab also has a large network of branches, where you can attend complimentary workshops and meet with financial consultants by appointment.
Account and investment minimums: News and earnings reports come from Briefing. Schwab offers two trading platforms, both available with no trade minimums or fees. StreetSmart Edge is designed for efficiency, with simple navigation and easy customization.
It also has many advanced features. The platform lets you create multiple customized trading layouts, as well as multiple charts of the same stock. Schwab also offers Trade Source, an online feature that lets trading clients monitor their portfolio and the markets, access research and view technical data. Trade Source features an intuitive trade ticket for stock, ETF and options orders that incorporates current market information.
An introduction to options trading. Open a Charles Schwab Account. NerdWallet is a free tool to find you the best credit cards, cd rates, savings, checking accounts, scholarships, healthcare and airlines. Start here to maximize your rewards or minimize your interest rates.
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