Schwab offers its own family of mutual funds and ETFs.
Access to options trading requires additional manual approval beyond the regular account opening. Invest in stocks, fixed income, options, futures, and other assets with a Schwab account.
That includes options, futures, and international stocks. Stocks, bonds, ETFs, and other popular investments are supported. Fees charged by other banks are automatically reimbursed with no limit. The checking account features a debit card that you can use at any ATM in the world with no fee from Schwab. Schwab Bank offers a high-yield checking and savings account with no fees or minimums. Day trading is allowed, but you must maintain a minimum $25,000 equity minimum if you want to execute 4 or more round-trip day trades within a five day period and this type of trade makes up more than 6% of your activity during that five days. However, unlike most competing products, Schwab’s does not charge any fees for the self-service version. This is a robo-advisor product similar to what you get with Betterment. After answering a few quick questions, Schwab will construct a custom portfolio of assets that align with your needs.
This account gives you access to multiple currencies and trading on 12 foreign markets in their local currencies.įor those who want long-term, hands-off investing, Schwab Intelligent Portfolios have you covered. It also offers no-fee retirement, education, estate planning, and other needs.Īctive and expert traders will be excited about the Schwab Global Account. Schwab offers traditional brokerage accounts in addition to accounts for retirement, trusts and estates, education savings, business accounts, bank accounts, and its own robo-advisor.Ĭharles Schwab gives customers access to the markets through its core Schwab One brokerage account that charges no annual or monthly fees.