Charles Schwab Visit Site

Pros / This trading service offers excellent educational materials to help you learn options trading.

Cons / Charles Schwab's options trading platform lacks forecasting and risk vs. reward tools.

 Verdict / Charles Schwab offers reputable online options trading services and excellent educational resources. It might be a good option for a beginning trader, but it requires a minimum investment of $1,000.

TopTenREVIEWS - Excellence Award - Awarded for excellence in design, usability and feature set

Charles Schwab brings years of experience in investing and investment education for stock trading and development of investment portfolios. This options trading software offers trades for a fee of $4.95 plus $0.75 per contract and broker-assisted trades at $25. While these fees are higher than some of the competition, they are just slightly higher than average. One area where Schwab does stand out is with its lack of an options exercise or assignment fee, something no other broker has. However, you will be required to make a minimum investment of $1,000 with this broker.

You can access the online platform from nearly any computer or mobile device, making it easy to monitor your portfolio anywhere you are. The platform itself is customizable, allowing you to arrange the individual elements as you wish. It's easy to buy and sell options, view your alerts, create watchlists, and enable streaming quotes so you always have the most up-to-date information about potential trades. These are useful features for any trader, but Charles Schwab's platform lacks some of the advanced tools we looked for, such as forecasting and risk vs. reward calculators.

Apps for the iOS and Android operating systems let you monitor and trade using your smartphone or tablet. The apps also allow you to conduct market research and track updates.

Charles Schwab is a full investment company, so it offers the ability to invest in stocks, bonds, mutual funds and ETFs. It also offers access to international stock exchanges so you can trade beyond United States limits.

This online options service offers excellent information on using the platform as well as general investing principles. The education center has multiple resources about online trading and best practices when using your stock tracking software. The company offers video tutorials and webinars as well as live events and seminars at Charles Schwab locations which can teach you more about options trading strategies.

  • 10 Option Contracts
  1. The total cost for trading 10 options contracts.
    Less is Better.
  2. 7  Charles Schwab
    $12.45
  3. $9.95
  4. $11.45
  5. $14.45
  6. Category Average
    $12.21

Summary

Charles Schwab has competitive trade commissions, though the per-contract fee is higher than some services offer. The online trading platform works on mobile devices and contains a solid variety of trading tools. Overall, it’s solid stock software, and the education center offers excellent resources for those who want to learn more about investing and trading.

Charles Schwab Visit Site