Review of Charles Schwab Bank 2013

7/29/2019 Review of Charles Schwab Bank 2013

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01.31.2013

Charles SchwabReview of


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Company Profile

Registered Name: Charles Schwab & Co., Inc.

Headquarters: 211 Main Street

CA 94105 San Francisco

United States

Foundation: 1973

Status: Independent Broker

Entity Level: Parent Company

1/31/2013 3BrokersWiki.com - Charles Schwab Review


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Broker Type

Options

Stocks



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International Reach

Clients Coverage: Local - over 75% domestic clients

US Clients Allowed: Yes

Not Accepting Clients From: N/A

Website Languages: Chinese, English



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Regulation and Safety

Regulated: Yes

Regulators: SIPC (United States)

Money Segregation: No



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Accounts and Opening

Types of Accounts: Active Trading, Brokerage Account - Individual, Joint,

College Savings, Global Trading, Individual Retirement

Accounts (IRA) - Traditional, Roth, Rollover, Inherited,

Custodial, Personal Choice Retirement Account, Small

Business Retirement Plans - Individual 401(k) Plan, SEP-

IRA, Simple IRA, Trust & EstateAccount Opening Process: Electronic Form

Time To Open an Account: Few Hours



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Account Types

Demo Account: No

Islamic (Swap-Free) Account: No

Managed Account: No

MAM/PAMM Account: No

Portfolio Management Account: Yes

Retirement Account: Yes



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Currencies and Funding

Account Currencies: USD

Funding Options: Bank Wire



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Exchanges and Partners

Member of Exchanges: NASDAQ Stock Market, New York Stock Exchange, NYSE

Alternext US, NYSE Arca

Partners: optionsXpress



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Underlyings Covered

Bonds

CDs

ETFs

Mutual Funds Options

Stocks International

Stocks US



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Commissions

Bonds: $1.00 per bond, min. $10.00, max. $250.00

Broker Assisted Trades: $25.00

ETFs: $8.95 flat-rate; Schwab ETFs $0.00;

Inter. Voice Resp. (IVR): $5.00 Min. deposit (Cash): $1,000.00

No-Load Mutual Funds: $76.00 per buy $0.00 per sell

Options: $8.95 + $0.75 per contract

Stocks: $8.95 flat-rate U.S. Treasuries: $0.00



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Trading Platforms

Mobile Trading byCharles Schwab

StreetSmart Edge by

Charles Schwab Web Trading by

Charles Schwab



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Trading Channels

Web: Yes

Desktop: Yes

Mobile Yes



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Integrated Modules

News: Yes

Charts: Yes

Indicators and Studies: Yes

Custom Indicators: Yes



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Trading Features

One-Click Trading: Yes

Chart Trading: Yes

Hedging: No

Scalping: No

Fractional Pips: No

Guaranteed Stop-Losses: No



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Auto-Trading

EA (Expert Advisors) Allowed: No

Social Trading (Follow/Copy): No

Custom Auto-Trading System: No

DDE Capabilities: No



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Order Types

Market Order: Yes

Limit Order: Yes

Stop Order: Yes

Trailing Stop Order: Yes

OCO Orders: Yes



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Education

Platform Guides: Yes

Seminars: No

Webinars: Yes

Tutorials: Yes

Personal Coaching: No



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Tools, Analysis & Research

Charts: N/A

News: Yes

Financial Calendar: Yes

Screener: Yes

Market Analysis: Yes

Trade Strategies: Yes

Online Community: No



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Customer Support

24/7 Support: Yes

Phone Support: Yes

Phone Dealing: Yes

Call-Back Support: No

Email Support: No

Live Chat Support: No

Skype Support: No

Personal Account Manager: No



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Ratings

Rating N

Average Rating by

Professional Review Sites:3,32 8

Average External Sites Users

Rating:3,49 158

Average BrokersWiki Users

Rating:4,67 3

Weighted Average Final

Rating:3,63 169


Max. rating: 5.00


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Review of Charles Schwab Bank 2013

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