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Charles Schwab Bank Review 2013

VIEWS: 39 PAGES: 23

Overview of Charles Schwab Bank features and characteristics, including clients coverage and regulation, account types, markets covered, commission structure, trading technology, educational resources, available analysis and research tools, and customer support facilities.

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  • pg 1
									     Review of


Charles Schwab
     01.31.2013
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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                 BrokersWiki.com - Charles Schwab Review   3
            Broker Type
• Options
• Stocks




1/31/2013   BrokersWiki.com - Charles Schwab Review   4
                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 & Estate
Account 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




1/31/2013                  BrokersWiki.com - Charles Schwab Review   8
            Currencies and Funding
Account Currencies:   USD
Funding Options:      Bank Wire




1/31/2013                BrokersWiki.com - Charles Schwab Review   9
            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




1/31/2013           BrokersWiki.com - Charles Schwab Review   11
                  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


1/31/2013          BrokersWiki.com - Charles Schwab Review   12
            Trading Platforms
• Mobile Trading by
  Charles Schwab
• StreetSmart Edge by
  Charles Schwab
• Web Trading by
  Charles Schwab




1/31/2013      BrokersWiki.com - Charles Schwab Review   13
            Trading Channels
Web:        Yes
Desktop:    Yes
Mobile      Yes




1/31/2013         BrokersWiki.com - Charles Schwab Review   14
                 Integrated Modules
News:                             Yes
Charts:                           Yes
Indicators and Studies:           Yes
Custom Indicators:                Yes




1/31/2013                 BrokersWiki.com - Charles Schwab Review   15
                     Trading Features
One-Click Trading:                Yes
Chart Trading:                    Yes
Hedging:                          No
Scalping:                         No
Fractional Pips:                  No
Guaranteed Stop-Losses:           No




1/31/2013                 BrokersWiki.com - Charles Schwab Review   16
                          Auto-Trading
EA (Expert Advisors) Allowed:      No
Social Trading (Follow/Copy):      No
Custom Auto-Trading System:        No
DDE Capabilities:                  No




1/31/2013                  BrokersWiki.com - Charles Schwab Review   17
                        Order Types
Market Order:          Yes
Limit Order:           Yes
Stop Order:            Yes
Trailing Stop Order:   Yes
OCO Orders:            Yes




1/31/2013                BrokersWiki.com - Charles Schwab Review   18
                             Education
Platform Guides:     Yes
Seminars:            No
Webinars:            Yes
Tutorials:           Yes
Personal Coaching:   No




1/31/2013                  BrokersWiki.com - Charles Schwab Review   19
            Tools, Analysis & Research
Charts:               N/A
News:                 Yes
Financial Calendar:   Yes
Screener:             Yes
Market Analysis:      Yes
Trade Strategies:     Yes
Online Community:     No




1/31/2013                   BrokersWiki.com - Charles Schwab Review   20
                     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




1/31/2013                   BrokersWiki.com - Charles Schwab Review   21
                                    Ratings
                                             Rating                    N
Average Rating by
                                               3,32                    8
Professional Review Sites:
Average External Sites Users
                                               3,49                    158
Rating:
Average BrokersWiki Users
                                               4,67                    3
Rating:
Weighted Average Final
                                               3,63                    169
Rating:
Max. rating: 5.00




1/31/2013                    BrokersWiki.com - Charles Schwab Review         22
                  More Information
To find more information, ratings, reviews, comparisons, and news about Charles
Schwab, click here:

                      Charles Schwab Bank Review


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