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      September 21, 2018

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Charles Schwab Review

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To help you find the Best Online Stock Brokers, TopConsumerReviews.com provides you with an in-depth Charles Schwab Review.

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Recently many people have run from the stock market licking their wounds and panicked by the size of their retirement plan. But at the same time, many others are cashing in on some great opportunities. For those looking to buy and sell stocks, without significant expense, online stock brokers can be the ultimate answer.

Besides significant cost savings, another great advantage to executing your own transactions is that you can avoid the time and energy necessary to deal with "professional" stock brokers. Many of these individuals try to convince you to buy or sell stocks, because they earn a commission every time you make a transaction. With online stock brokers, you never have to talk to any salesmen.

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2018

Online Stock Broker Reviews

3.5 stars
Charles Schwab

CHARLES SCHWAB Visit Site

Cost:

$8.95 per trade

Minimum Deposit:

$2,500

As a result of its large size, customer base and balance sheet, Schwab has resources available to provide technology offering the latest in news and investment information. Schwab offers a full service product for those wanting to trade online any investment vehicle available today but not at the best price.

Schwab offers customers a sort of tiered approach to pricing transactions. Generally speaking, each trade is $8.95 but those prices can run lower if you are transacting 30 or more trades each month. However, the minimum balance is $2,500 to open and thus excludes some investors looking to transact in the lower range.

Schwab also offers a bilingual customer service team that is very helpful to those with English as their second language. The Schwab trading website has a number of resources and analysis information available. The trading platform was generally easy to use and we had very few questions in our first attempt to navigate a trade.

Overall, we were impressed with Schwab's full service approach to handling stock investments. However, we were a little less impressed with the cost per transaction and most definitely the minimum deposit requirement.

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Continued from above

There are many online stock brokers to choose from. However, before buying your piece of Microsoft or IBM you should consider a number of key factors. Some of these include:

  • Fees. Does the online stock broker charge a flat fee or a percentage of the total amount purchased? What's it going to cost to sell the shares when the time comes?
  • Information. Getting quick and informative stock information is imperative for those searching for the right pick. What information does the online stock broker provide for free?
  • Customer Service. How do people feel about the service they are getting? Is the online stock broker timely and helpful when you're in need of their assistance?

TopConsumerReviews.com has reviewed and ranked the best online stock brokers available today. We hope this information helps you choose your next online stock broker!

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