Schwab offers education and research on-par with many other large brokers.
Schwab does a very good job of helping customers understand the supported assets and offers articles, videos, and webinars to help users grow their knowledge and abilities. It offers market commentary and resources to learn your way around the tools Schwab offers.
It isn’t the very best eduction or resource section out there, but only falls short when comparing to a short list of similar brokers. It won’t leave you wanting more in most cases. For in-person workshops, you can sign up for a Schwab Live event at a local branch.
Education and news are housed in the Learning Center section of Schwab.com. There are multiple daily live events and new articles and resources are regularly added.
For research, Schwab offers a range of useful tools and features. Once logged in, you have access to screeners, charts, and Schwab’s own Equity Ratings. A brand new research design is in beta testing, which brings a more modern look to the site and adds in some new metrics. Users have access to reports from Reuters, CFRA, Ned Davis, Argus, and Schwab’s own analysts.
For options-focused traders, you have access to an events calendar, option chains, and several tools to help you refine your strategy.
Guidance is available online as well. You may be able to work more closely with a Schwab professional depending on your needs. Wealth Management services may come with additional fees.
Trading experience
Schwab is ideal for beginer and intermediate traders. Most advanced traders will find their needs met at Schwab, but some professional-level traders may want a more advanced platform geared toward their unique needs.
The combination of platforms and resources at Schwab are enough to meet the needs of the vast majority of investors and traders. The company has grown dramatically over the last decade, and for good reason. It offers low costs, great resources, and can easily handle any common investment and trading needs.
If you are a very serious active trader, there are a few platforms out there with more features and unique pricing that could be a better fit. But those situations are less common. For most people, even advanced traders, Schwab can handle just about anything you throw at it.
FAQ
Is Charles Schwab regulated?
Yes
Where is Charles Schwab based?
San Francisco
When was Charles Schwab founded?
1971
How does Charles Schwab make money?
Trade commissions, fund management fees, wealth management services
How do I deposit in Charles Schwab account?
ACH, bank wire, or check
How do I withdraw money from Charles Schwab?
ACH, bank wire, or check
How do I open an account with Charles Schwab?
Online at Schwab.com or at a Schwab branch
Does Charles Schwab offer margin accounts?
Yes
Are funds at Charles Schwab secured or insured?
Yes
