September 24, 2009

Schwab Review


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Charles Schwab Review

Contact Telephone 1-866-855-9102
Website Address http://www.schwab.com

Fees: Charles Schwab has a tier commission pricing schedule based on account balance and numbers of trade per year.  Traders trading over 120 trades per year are charged with $8.95 per transaction otherwise it is $12.95 per transaction.

Charles Schwab Standout Features:

  • Only 1K to open an account
  • No account service fees
  • Three trading platforms to choose from for active traders
  • 2,000 no-load mutual funds available
  • 24/7 support

Product Offered: stocks, options, mutual funds, futures and exchange–traded funds and fixed income securities including bonds, treasury issues, CDs and more.

Trading Tools: Extensive Education Resources where you can find educational materials with calculators, charts, streaming news and analyst research reports.  Charles Schwab offer desktop tools with alerts, Level I quotes, Level II quotes, Option Chains, and more.

Support/Customer Service: Very knowledgeable and friendly customer service support..  Contact Customer Service support by live chat, email or telephone.  They have over 300branch offices that you can visit.

Overall Summary: Very inclusive Online Stock Broker with competitive trade pricing.