Charles Schwab
Charles Schwab is a discount broker based in the United States that was created in 1971 and is traded on the New York Stock Exchange.
It is overseen by numerous top-tier financial regulators, including the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).
Charles Schwab is one of the largest discount brokers in the United States, and it is regulated by top-tier authorities.
Starting in late 2019, it was one of the first brokers to charge no charges on stock and ETF trading. Its research is excellent, including a wide range of tools such as trading ideas, Morgan Stanley analyst reports on securities, and extensive fundamental data. Customer service is excellent, with relevant responses provided in a timely manner.
It does, however, have significant downsides. Except for the approximately 4,000 free-to-trade mutual funds, mutual fund expenses are substantial, and the product selection exclusively covers the US and Canadian markets. Finally, the instructional platform is poorly organized.
Feel free to test Charles Schwab since trading and non-trading costs are normally inexpensive, research tools are excellent, and account creation is simple.
Investors and traders searching for strong research, minimal costs, and excellent customer service should consider this firm.
Pros
• Free stock and ETF trading
• High fees for some mutual funds
• Outstanding research
Cons
• Only US/Canada markets available
• Great customer service
Fees score: 4.4
Website: www.schwab.com
