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Charles Schwab Account Types

Charles Schwab account types offered: investment, margin, cash, checking, brokerage, stock trading, individual IRA, ROTH, SEP, and Simple accounts.

Charles Schwab Account Types

  • Brokerage Accounts
  • Schwab One® Brokerage Account
  • Schwab One Organization Account

  • Bank Checking plus Brokerage

  • Individual Retirement Accounts (IRA)
  • Traditional IRA
  • Roth IRA
  • Rollover IRA
  • Inherited IRA
  • Custodial IRA

  • Annuities

  • Small Business Retirement Plans
  • Individual 401(k)
  • Personal Defined Benefit Plan
  • Profit-sharing Plan
  • Business 401(k) Plan
  • Company Retirement Account

  • Schwab Personal Choice Retirement Account® (PCRA)

  • Estate Planning Accounts
  • Schwab One Estate Account
  • Schwab One Trust Account
  • Charitable Gift Account

  • College Savings Accounts
  • Schwab 529 College Savings Plan
  • Education Savings Account
  • Custodial Account

Charles Schwab Review

Charles Schwab rating


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Charles Schwab has a sterling reputation within both the online brokerage community and the brick and mortar full service realm. The firm offers many of the same powerful tools as other online brokerages like TD Ameritrade and Etrade, while also providing superior customer support over the phone and in their stores.

Opening an Account

Opening an account with Charles Schwab is not only easy, but it was very pleasant experience. In an online investing industry, Charles Schwab is at the top in excellent customer service. The representatives that answer the phones, as well as those in the branch offices, are very friendly and professional. They will take the time to answer all your questions and will even provide ideas about how to invest your funds. Once you open the account, you may also be eligible to schedule a session with an investment advisor. Investment advisor will talk with you about your financial goals and create an investment profile for you, to help you figure out how to invest your funds.

When we opened an account, the entire process took less than thirty minutes. Once account was open, we had thirty days to fund the account. For funding, we rolled over our 401K account. The funds from the 401K were transferred directly into our new IRA without any hassles or worries about taxes or penalties. Generally, there are no fees associated with the Charles Schwab accounts.

Anytime you have any questions or of you need a help, you can call Charles Schwab at 1-800-435-4000. Representatives are always available to help you with whatever you need.

Charles Schwab Trading Tools Review

Once account was funded, we were eligible to begin investing right away. The tools available on the website are very intuitive and easy to use.

The Charles Schwab website is well designed and user friendly. Much of the clutter associated with other online trading platforms is noticeably absent. It’s easy to research equities within the website. Quotes contain all the relevant information including news, charts, earnings estimates, and even ratings.

The Equity Monitor feature on the website allows for an overarching view of stock positions. This feature compares individual stock performance with the S&P 500 and similar benchmarks.

Charles Schwab features ratings next to individual equity stocks which could be extremely valuable especially to beginner investors.

Charles Schwab's mobile app allows customers view detailed balance and position summaries; transfer funds between most Schwab brokerage accounts on their tablet, iPhone, or Android device; and trade stocks, ETFs, mutual funds, and options, with ability to view, edit, or cancel open orders and close out of positions.

Charles Schwab Commissions and Fees

Commissions at Charles Schwab are higher than the average among online stock brokers for buying mutual funds but lower than the average for trading stocks and ETF's. The firm charges $4.95 fee for online stock and ETF trades, and $76 to buy ($0 to sell) for no-load mutual fund transactions.

Charles Schwab does not have IRA fees, account maintenance and inactivity fees, as well as common surcharges. Minimum deposit required to open a cash account is $1,000.


One advantage that Schwab has over the other three brokers is that Schwab clients also have free access to the very useful Schwab Equity Ratings, which cover approximately 3,000 U.S. stocks and grade them on an A, B, C, D, and F scale. Furthermore, Schwab offers its clients free Schwab report cards on mutual funds.

Schwab also has the lowest expense ratios on ETFs and index funds and one of the richest selection of commission-free investment products in the industry.

Updated on 9/7/2017.

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