Investing
Schwab Brokerage Review: Everything You Need To Know
Published:
Last Updated:
Charles Schwab is a financial firm founded in 1971 in San Francisco, California. It’s best known for its wide range of financial services including access to commission-free stocks, exchange-traded funds (ETFs) and options. Users can also invest in mutual funds, bonds, futures contracts and spot Bitcoin ETFs. Available accounts include taxable brokerage accounts, individual retirement accounts (IRAs), Roth IRAs and 529 college savings plans.
In 2023, Schwab began finalizing its merger with the leading financial services company TD Ameritrade. The move gave customers access to TD Ameritrade’s robust trading and research platform thinkorswim.
Schwab stands out for numerous features including the following:
Check out our stories below for reviews, in-depth guides, and more about Charles Schwab
Our summary of Schwab Advisor Services, everything you need to know
A review of Schwab HSA: is it worth it
Our review of Schwab’s Roth IRA, is it worth it?
A look at The Schwab 529 College Savings Plan
Our overview of Schwab’s 401(k): is it worth it?
Our guide to understanding the Charles Schwab Roth IRA fees
Our summary of the Schwab Credit Card Review: Is It Worth It?
A breakdown of how to open a Schwab brokerage account, step by step
An overview of what a Charles Schwab Custodial account is, and how to use it
A step-by-step guide to setting up Schwab Automatic investing
A step-by-step guide on how to do a Schwab 401(k) rollover.
Trading
A breakdown of Charles Schwab’s FDIC insurance status
An overview of Schwab Intelligent Portfolios, are they any good?
Our coverage of the pros and cons of investing with Charles Schwab
Find out if Charles Schwab is a bank and dive into its benefits.
News and other info
Our profile of the face behind the company: Who is Charles Schwab?
Schwab was one of the first major brokerage firms to offer commission-free stock, ETF and options trading. However, it also seeks to save investors money by offering a large selection of low-cost mutual funds and index funds. There’s also no minimum investment to open a brokerage account with Schwab.
Those interested in cryptocurrency can invest in spot Bitcoin ETFs, cryptocurrency futures contracts and ETFs that offer exposure to the wider crypto market including companies linked to blockchain, the underlying technology behind crypto and other digital assets. However, Schwab doesn’t let customers invest directly in crypto coins like Bitcoin, Ethereum and Binance Coin.
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.