Overall Rating55555

Charles Schwab

Charles Schwab, a world-renowned online stockbroker, has received a lot of commendation for its excellent customer relations and support. In a business where many brokers are not interested in interacting with their customers, Schwab stands out with the attention they pay to their customers, no matter how much business they bring in. Whether you are an individual retail investor, a day trader or just managing your 401K account, Charles Schwab is there to guide you in any way they can.

As compared to other online stockĀ trading companies, the commissions that Charles Schwab charges are right in line. For those that make more than 120 trades a year, or have an account balance of over $1,000,000, the commission is $8.95 per trade. For those that make less than 120 trades a year, or have and account balance of less than $1,000,000, the commission is $12.95 per trade. For option trades, the rate is a flat $8.95 with a $0.75 contract fee per contract. This is actually lower than many other online brokers, who charge upwards of $12.95 per option trade with a whopping $1.50 per contract. As for account balances, Charles Schwab requires a modest $1,000 balance on its stock accounts, and $100 on custodial accounts.

Charles Schwab has a great interactive environment on its home page. Traders and investors can each benefit from benefits such as stock research, retirement and investment planning and advice as well as interactive communication with other traders and investors. There are many strategies that Charles Schwab offers its customers, which can prove valuable to the inexperienced investor. We all need some guidance when we get started, and some seasoned investors and traders can use a little help from time to time. Charles Schwab offers just the range of investment services that can help all kinds of investors gain an edge on the volatile stock market.

In a technology driven trading market such as well see here in the 21st century, it is nice to know that we can still get the personal attention that Charles Schwab offers its customers. Charles Schwab will take care of transferring your account from your existing broker, so why not join one of the few customer oriented brokers still around.

One Customer Review of “Charles Schwab”

Review by Brad

  • 55555

Charles Schwab has been one of the more popular online stock brokers but their commissions are a little higher than others.

Overall Rating 55555

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