$1,000 is minimum deposit to open a new brokerage account. The minimum is waived if you open a Schwab One brokerage account with Schwab Bank Investor
Checking™, or if you establish a monthly transfer of at least $100 to your Schwab One account through either direct deposit or
I discovered that there are 200 shares of Apple stock missing from my statement. I am positive that I should have 800 shares however my statement only shows 600 shares. This is a ridiculous situation and it may be happening to other folks who don't happen to catch it. I tried calling the customer service rep and they asked for my secret password. I have never set this up and do not know what it is. So they could not help me. It may be that they asked me some question like "what is your first dog's name?" a while ago but since they did not ask me the question, how am I supposed to answer it? Also, do not use their private wealth service. It is expensive and not worth it. I ended up cancelling it. The advice that they gave me was lame.
I noticed today, May 6, 2015, that the volume figures being reported are not accurate. The Schwab numbers were compared to a Bloomberg system down the hall and for some stocks the Schwab volumes were highly inflated. A call to technical support passed the blame on to a third party vendor feed. TechSuppot did not care that the system was reporting improper numbers. When I asked how I could verify the accuracy of the bid and ask prices I was told to compare the prices to an online stock quoting website. I also felt that there was no sense of urgency to fix the problem. I no longer have confidence in the reliability of the data reported on their systems.
I love Schwab. I am a struggling working person with only tiny regular amounts to invest. Every time I call, I am treated as though I have six figures sitting in Schwab's accounts earning them large fee income. They always take the time to answer any questions I have. In contrast, TROW and Fidelity reps have both told me I am not worth even opening an account for, (yes, in so many words and in TROW's case, literally). Last year, I lost my job and had to relocate to help care for my parents, who are elderly. A financial emergency forced me to withdraw money from my IRA. The guy I spoke to acted like I was his brother who was in trouble. Schwab waived all the fees that could have applied to the withdraw, and I had the money the next day. $100 to open any of their funds. People to talk to who really care. I will be staying with Schwab.
by Neil YEAKEL,
I WISH TO MAKE A RATING ABOUT SCHWAB. WE HAVE BEEN A SCHWAB CUSTOMER FORABOUT 20 YRS. THIS OUTFIT WAS FINE AT THE BEGINNING. FOR THE LAST 5+ YEARS WE HAVE NOTHING BUT TROUBLE WITH THERE INTERNET SITE. WE CANNOT RESEARCH ANYTHING. SCHWAB KEEPS FORWARDING OUR PROBLEM TO TECH WHICH KEEPS TELLING US OUR COMPUTER IS AT FAULT. WE HAVE TO USE DIALUP BUT OTHER SITES ARE FINE. WHEN WE SIGN IN TO SCHWAB WE GET THIS BIG CIRCLE GOING AND AFTER ABOUT 15MIN WE ARE TIMED OUT. I WOULD NOT ADVISE ANY PERSON WHICH HAS TO USE DIALUP TO DO SCHWAB-THERE MB ON PAGES ARE TOO LARGE.
"Charles Schwab provides a variety of investments suitable for traders and investors. Trade commissions are competitive, albeit higher than some services,
including the broker-assisted fee. The online platform contains good trading tools, and you can access your account and place trades from the most popular
mobile devices. Charles Schwab has a well-established and trusted name, and the service it provides is solid, but some of its fees make it a less
desirable service than the best online brokers."
"By boasting the highest customer satisfaction ratings in the industry alongside 24-hour customer support, it's evident that Charles Schwab has a clear
and steady focus on their clients. With a flexible platform made up of powerful trading tools, Schwab excels in most areas, although new traders won't
have the luxury of trying any of these tools unless an initial deposit is made."