Questions & Answers about Charles Schwab
What are the account minimums with Charles Schwab?
No account minimums.
Will an account with Charles Schwab be appropriate for me if I rarely trade?
Yes.
Does Charles Schwab charge any inactivity fees?
Some accounts may have inactivity fees, but they are generally well disclosed.
Does Charles Schwab offer any commission free products that other brokerages do not?
Schwab offers access to lots of commission free managed products with managers that they work with, but the management fees there are generally higher than comparable ETFs.
Does Charles Schwab offer any sign up bonuses in 2024?
Does Charles Schwab enable trading in crypto products?
No.
Will Charles Schwab offer me access to IPOs and other hard to access products?
Schwab is sometimes involved in IPOs with multiple managers but you will not get allocated a very large position in any offering.
Does Charles Schwab provide access to any proprietary investment research?
Yes, there is some research that is distributed for free to customers, but it is not worth much more than you are paying or it.
Does Charles Schwab offer a reliable trading platform for frequent traders?
Schwab now owns TD Ameritrade and their platforms may be more appropriate for frequent traders.
Does Charles Schwab offer Apple and Google apps with reliable real time quotes?
Yes.
Does Charles Schwab offer any online tutorials for novice investors?
Yes. Schwab is big on this.
Does Charles Schwab offer any online tutorials for more advanced investors?
Sometimes.
Does Charles Schwab offer access to debt products and, if so, what are their commissions?
Yes.
What cash instruments does Charles Schwab offer for uninvested cash?
Schwab offers access to low yielding money market funds and you can also tie an account to their own bank where rates may be slightly higher.
Does Charles Schwab provide access to brokered CDs?
Yes.