Charles Schwab review 2019

Is Charles Schwab a good broker?

Charles Schwab offers a variety of trading instruments with a low trading commission. Beginners will find ample education resources, while advanced traders can enjoy high-end research.


Account minimum


$100 cash bonus once you refer another account that deposits at least $1,000

Active traders will benefit from low fees on stock trading, as well as commission-free trading on more than 500 ETFs. In addition, you get access to industry-leading research. The StreetSmart Edge desktop platform is easy-to-use with all the bells and whistles an active trader may need.

Beginner traders will enjoy access to vast educational resources, live streaming events and daily broadcasts. Also, 25 staff experts produce institutional-quality research, which you take into consideration while you learn to trade.

What kind of trading platforms does Charles Schwab offer?

StreetSmart Edge is the flagship desktop platform of Charles Schwab. It helps you identify and act on potential opportunities and it delivers an efficient trading experience to all traders. In addition, you can use an online trading platform or trade on your mobile device when you're on the move.

If you trade options, the StreetSmart Central offers all you need to succeed in your trading.

Standout features

  • No account minimum. With $0 minimum deposit options, you can put even $100 and enjoy everything the platform offers.
  • Low commission. Stock trading fees are $4.95 per trade. More than 500 ETFs are commission-free and there are no transaction costs for more than 4,000 mutual funds.
  • Promotion. Refer another account that deposits at least $1,000 and earn $100 cash bonus.
  • Education and research. Get access to market-leading research and insight of 25 seasoned analysts.
  • Vast investment choices. You can trade stocks, options, mutual funds (including offshore mutual funds), ETFs, Bonds, CDs, commodities and futures.
  • Visa debit card. Manage the cash in your brokerage account with a Visa debit card.

Watch out

  • Transaction fees for some securities. If you trade a fund that isn't on the commission-free list, you'll pay $49.95.

What can I trade with Charles Schwab?

  • Stocks
  • Options
  • ETFs
  • Mutual funds (including offshore mutual funds)
  • Commodities
  • Bonds
  • Futures

How do I signup with Charles Schwab?

  1. Go to Charles Schwab website and scroll to the bottom of the page.
  2. Click Open an account.
  3. Select your country from the dropdown list.
  4. Download and fill out the application forms.
  5. Fund your account.
  6. Mail your documents to Charles Schwab.

Bottom line

Charles Schwab offers competitive fees on stock trading and market-leading research and education to all traders. In addition, you can trade more than 500 ETFs without commission. However, opening an online brokerage account is impossible without sending your documents signed with ink by snail mail.