PROS / This stock trading website offers excellent educational materials to help you manage your portfolio.
CONS / Charles Schwab's stock trading platform does not offer forecasting or risk-vs-reward tools.
VERDICT / Charles Schwab offers reputable stock software with good tools and excellent educational resources; however, its fees are slightly higher than average, and it lacks some advanced tools.
Charles Schwab offers a variety of investment options and brings years of experience to the table to educate and assist you in developing your investment portfolio. This online stock software offers trades for a fee of $8.95 and broker-assisted trades at $25. While these fees are higher than some of the competition, they are just slightly higher than average.
The online trading platform customizable – you can rearrange most of the elements to fit your needs. It can also be accessed from any computer, allowing you to log in wherever you are and keep a close eye on your accounts and changes in the market. The stock platform is uncluttered, making it easy to buy and sell stocks. You can view your alerts, watchlists and streaming quotes so you always have the most up-to-date information about potential trades. Though the stock software provides many useful features, it is missing forecasting and risk-vs-reward tools to help you make good decisions.
Mobile trading and monitoring is available on the iOS and Android operating systems. On the mobile feature, you can monitor your orders and positions and make trades. You can also monitor market research and track updates. Investments offered from Charles Schwab are stocks, options, bonds, mutual funds, IRAs and ETFs. It also offers access to the international stock exchange so you can trade beyond United States limits.
The education center on this stock trading website is filled with detailed information 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. These tools give you the education needed for making sound investments and developing your portfolio.
Contacting customer service is quick and easy with phone, email and live chat options. Another benefit of Charles Schwab help center is that you can access someone by phone 24/7.
Charles Schwab delivers investment options suitable for all investors. Trade commissions are competitive, though higher than some services. The online platform contains a solid variety of trading tools. Overall, it’s a solid stock software that is good for the beginning or intermediate investor who wants to learn more.