Charles Schwab Visit Site

Pros / Charles Schwab’s prices are low compared to other platforms.

Cons / It doesn’t provide forecasting and risk vs. reward tools.

 Verdict / This company is reputable and its prices are low, making it a reliable and inexpensive option.

Charles Schwab is an established and well-known day trading platform. It works with many types of investment products, including stocks, options and ETFs, and its day trading platform is simple to use. Charles Schwab also provides a large and comprehensive collection of educational resources to help you become more informed and successful. However, the software lacks advanced tools such as forecasting and calculating your risks and rewards.

This day trading software is user-friendly and straightforward. You can easily and quickly set up a watch list, alerts and options chains. You can order trades and monitor your activity without any hassle. You can also customize certain aspects of the platform. Unfortunately, Charles Schwab lacks many of the advanced features we look for such as forecasting and risk vs. rewards calculators.

There is a mobile app that lets you manage your trades while away from your computer. The app is available for Android and Apple devices, including the Apple Watch. Unfortunately, during our testing, we were not impressed with the mobile capabilities and ease of use offered by the mobile app. You cannot fund accounts within the app or set up alerts. But you can easily place trades and monitor your account.

Online trades with this company cost a fixed fee of $4.95. If you wish to trade via the telephone or with the help of a broker, there are additional fees you must pay. These fees are typical among day trading platforms. When trading options, an online trade is $4.95 plus an additional $0.65 per contract. Margin rates with this company are low when compared to similar companies. Rates from this company range from 8.5% to 6%. Keep in mind that these rates are subject to change.

Where Charles Schwab truly shines is with its educational resources and tools. This company offers numerous articles and tutorials on a variety of financial topics you can access on the company website. Additionally, Schwab hosts a trading community where you can interact and discuss trading and strategies with traders of all skill levels. This network is also beneficial for gaining tips and insights on how to be successful using this platform.

  • Online Stock Trades
  • 10 Options Trades
  • Broker-Assisted Stocks Trades
  1. The lowest cost for a stock trade.
    Less is Better.
  2. 7  Charles Schwab
  3. $4.95
  4. $4.95
  5. $4.95
  6. Category Average


While Charles Schwab’s day trading software may not be as robust as similar companies, it still features many basic tools that you need to monitor, analyze and trade. The fees and commissions are low with this platform, and the educational resources are excellent and provide valuable information for beginners and high-volume traders alike.

Charles Schwab Visit Site