First I want to clarify that Stock Trade Fees are $8.95 Flat.
Self Clearing so executions are extremely fast.
You can trade sub-penny stocks but I don't recommend if you like to short penny stocks.
You cannot beat the research tools available from Schwab. They provide lots of 3rd party analysis as well as their own and don't charge you to use advanced tools.
The trading platform is great and they constantly update it (always getting better)
I have had an account w/ Schwab for about 7 years now when I rolled over a previous employer 401K (which was painless) The customer service rep even insisted staying on the phone w/ me while I filled out the forms in case I had any questions. 20 min later I was up and running and the IRA was active. I have never had any account issues & customer support is awesome and always available 24/7.
Not the greatest value on the fee side, but for everything you get with your account it isn't that bad. If you actively trade they will work with you on fees and add-ons like Level 2 etc...
I do wish that Level 2 was included like TD Ameritrade/Think or Swim. (which I have an account with them as well) but if you actively trade 30+ trades per quarter they will drop the price.
Getting money in and out of my accounts w/ Schwab is easy peasy with the Complete Checking / Brokerage accounts. Can transfer directly from my local bank and withdraw at any ATM.. Their mobile app is good. Works great but lacking in some trading features that I would prefer to see but overall works fine.
They have been working to integrate OptionsXpress into their current platform, but as of now you must setup a separate account.. Cannot comment much on this as I use a discount broker for options at the moment. If schwab integrates and lowers their commissions for Options trades I would switch in a heartbeat.
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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