As a broker, Charles Schwab has been around for quite some time. The brokerage was founded in 1971, and it has grown to become the United States’ fourteenth-largest bank. It has over $3.3 trillion in client account assets. So, why is it so trusted? This review will look at the ins and outs of this banking institution.
Charles Schwab had a very good year in 2019, cutting fees and commissions. That has proven to be a huge asset for the company. The broker is a full-service firm. It has technology for a wide variety of investors, from active traders to managers. Its StreetSmart Edge platform is one of its main highlights.
The broker offers an All-In-One Trade Ticket across all of its platforms. It offers long and short stocks, penny stocks, bonds, mutual funds, futures, forex (currently seven currencies), and commodities, among other assets. Listed below are the pros and cons of this broker.