Charles Schwab

๐Ÿ‘ 94%

Share your experiences with Charles Schwab

Tell us what you like and dislike about Charles Schwab. Help others make more informed decisions based on your insights.
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Jose F ๐Ÿ‘

Pros

The way the platform looks and how easy it is to use. It also has helpful tools which other platforms do not have, e.g. step by step instructions to help you along the way making for a better experience.

Cons

I thought it was just fine, but maybe better response time from their customer support to my questions.
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Kevin T ๐Ÿ‘

Pros

Easy to use their website to navigate and their applications are updated regularly enough with improvements.

Cons

They could try to provide more insight into what their strategy and mindset are with their financial moves and decisions. I'm sure they are trying to max profit but as a customer, we don't get to learn too much. Could also stand to lower fees.
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Gerald C ๐Ÿ‘

Pros

Great interface, organized, and easy to navigate between the areas.

Cons

They should offer better access to support when needed.
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Andy C ๐Ÿ‘

Pros

My favorite thing is that the app feels exactly the same on my phone, iPad, and web. Even though there are more features on the desktop, you can still feel the continuity carried over from mobile.

Cons

Some of their reports could be a little more robust and easier to find. Often struggle when trying to find unrealized gains/losses for a select period of time.
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Sean P ๐Ÿ‘

Pros

Easy to use and makes it easy to open an account quickly and without much hassle.

Cons

Difficult to read information on screens, specifically data for longer time series such as stock performance.
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Kingston H ๐Ÿ‘

Pros

Customer support is pretty top notch in my experience. I've never had to wait to get a human being on the other end of the line. Pretty easy UI to grasp and if you want more information, it's there if you want it.

Cons

Their take on the robo-advisor trend requires a $5000 minimum deposit, which, for a starting investor (especially if it's someone just starting their first retirement account) might be a bit much. Considering people are limited to $5500/year for a Roth or a traditional IRA, putting $5000 in there for a first-time investor might result in bad timing. Obviously not an issue for more established investors but it still needs to be said.
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Adam N ๐Ÿ‘

Pros

Low cost, easy to research stocks, quick execution without issues.

Cons

Website is a little cluttered. Wish was more customizable so I could pull up areas of most use to me more quickly. And be able to change views of data and accounts more easily.
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Neal D ๐Ÿ‘

Pros

They have numerous free ETFs and a pretty intuitive and simple trading platform. Also, they have pretty good advisory information.

Cons

I think they should add their algorithmic portfolios to the traditional platform -- I could not open any of these without trying to sign up for a separate account.
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Steven C ๐Ÿ‘

Pros

Easy to use, trust the advice, relatively low cost, good selection of low-cost funds.

Cons

For the robo-investing options, cash allotment is relatively high, thereby reducing returns.
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John W ๐Ÿ‘

Pros

I think it's simple to use and doesn't have many issues overall.

Cons

Could have more additional features that are innovative. Doesn't seem to be among the latest and greatest.

Important Info:

Trading Fee
$4.95 per trade
Minimum Deposit
$0
International Trading
Yes

Charles Schwab

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Charles Schwab offers a wide range of investment advice, products & services, including brokerage & retirement accounts, ETFs.

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