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Charles Schwab Account Information, Investing Questions and Answers


Charles Schwab investing questions, answers, information to open account, minimum deposit, clearing firm, commissions, fees, and rates.



What investments can clients make through Charles Schwab?


Charles Schwab customers can trade the following asset types: stocks, bonds, mutual funds, futures, Treasury issues, options, CDs, insurance, ETFs, annuities, non-U.S. securities and ADRs, WEBs and Canadian foreign orders.


Can I trade (buy and sell) stocks on Charles Schwab?


Yes, investors who open Charles Schwab brokerage or individual retirement account can trade, buy and sell all U.S. stocks.


How much commission does Charles Schwab charge per trade?


InvestmentsCommissions
Stocks and ETFs $4.95
Stocks and ETFs broker assisted $29.95
Stocks and ETFs phone trades $9.95
Options $4.95 + $0.65 per contract
Mutual funds $76 to buy, $0 to sell
CDs, Corporate Bonds, Municipal Bonds, Government Agencies, Zero-Coupon Treasuries, including STRIPS and Mortgage-Backed Securities $1 per bond, $10 minimum, $250 maximum
Preferred Stocks and REITs $4.95
Commercial Paper and Foreign Bonds, Unit Investment Trusts call for pricing

Investments stocks, bonds, mutual funds, futures, Treasury issues, options, CDs, insurance, ETFs, annuities, non-U.S. securities and ADRs, WEBs and Canadian foreign orders
Charles Schwab minimum deposit to open account $1,000 for cash account, $2,000 for margin account
FeesCharles Schwab fees
Promotion link Charles Schwab promotions


How much are Charles Schwab's fees?


List of all the fees Charles Schwab brokerage is charging is under this link.


What are Charles Schwab IRA fees?


List of all the IRA fees Charles Schwab is charging is under this link.


What interest does Charles Schwab pay on cash not in stocks?


Charles Schwab interest rates on uninvested cash are discussed in Charles Schwab cash sweep options article.


What are Charles Schwab margin interest rates?


Current Charles Schwab margin interest rates could be found here.


What is Charles Schwab account minimum?


Charles Schwab does not have minimum requirements for brokerage accounts.


What minimum deposit is required to open Charles Schwab account?


Charles Schwab minimum deposit requirement to open taxable or IRA account is $1,000 for cash account and $2,000 for margin account.


What is Charles Schwab clearing company?


Charles Schwab is self clearing.


How to close Charles Schwab account?


You could learn how to close ot transfer your Charles Schwab account under this link.




Broker Review

Charles Schwab rating

Read detailed review of Charles Schwab account.

A good broker for new investors is Charles Schwab. It also has customer service all the time. Schwab has more than 3,400 mutual funds with no fees. The broker has different types of IRA’s. Like Fidelity, Schwab also has articles and videos for financial education. The broker has more than 300 brick-and-mortar locations for extra help.

Schwab’s program StreetSmart Edge is a desktop platform that requires a $1,000 account balance to use. Most investors will be able to meet this requirement. The platform has more drawing tools than LIVE, but fewer technical studies. Extended-hours periods can be added to a graph, while Ally’s software does not have the ability. StreetSmart Edge also has many more features, including Recognia, a technical analysis tool, and security research from MarketEdge.

Be sure to check out Schwab’s High-Yield Checking account if you travel internationally.


Compared to the Competition


Compared to some of its rivals, Schwab seems to have less educational information. Fidelity and Merrill Edge, for example, have more investor learning materials. On the other hand, Schwab operates more local branches than a lot of other brokers. Firstrade, for example, has none, and E*Trade has 30.


Promotions


Investors who open and fund a new securities account with Schwab with at least $50,000 will receive 500 commission-free trades. The special also includes one meeting per quarter with a trading coach, which could be really helpful for new investors. The special is valid for 12 months after account opening.


Charles Schwab Review Recap


Novice investors will find a lot of useful features and helpful support at the firm. Especially good for beginners at Charles Schwab are the broker's free trading tools, customer support options, and commission-free ETF's.


Updated on 8/4/2017.



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