Charles Schwab

Stocks and ETFs$0
Stocks and ETFs broker assisted$25.00
US Over-The-Counter (OTC) Equities $6.95
Schwab ETF OneSourceā„¢ online trades $0, automated phone trades - $5.00 service charge, broker assisted $25.00 service charge
Options $0.65 per contract
Options broker assisted Online pricing + $25.00.
Mutual Funds Transaction-Fee Funds$49.95/$74.95 per buy, $0 per sell. OneSourceĀ® Mutual Funds - free to buy, to sell.
Mutual Funds Transaction-Fee Funds broker assistedOnline pricing + $25.00 service charge
Futures $2.25 per contract
CDs, Corporate Bonds, Municipal Bonds, Government Agencies, Zero-Coupon Treasuries, including STRIPS and Mortgage-Backed Securities $1 per bond, $10 minimum, $250 maximum

Charles Schwab Advantages

Investors looking for a discount brokerage firm with good customer service, advanced trading technology, a large selection of mutual funds, and excellent research and educational tools should take a look at Charles Schwab. The firm is known for its high quality services.

For example, the company has the largest among discount brokers network of branch locations spanning most U.S. states. Currently, there are more than 450 locations. The broker also has customer service representatives on the phone 24 hours a day, 7 days a week. Charles Schwab clients can also get checks and a Visa debit card at no cost. ATM fees incurred with the card are reimbursed nationwide.

Best Mutual Funds Brokerage

Charles Schwab is one of the best brokers for mutual funds. There are over 14,000 mutual funds at the firm. Over 4,200 come with no load and no transaction fee (which means they are free to buy or sell). All exchange-traded funds are also available to trade commission-free. Many of these have low expense ratios, which will appeal to cost-conscious traders.

Buying and selling these products is a breeze using the firm's trading platforms. The website has SnapTicket, an easy-to-use trading ticket at the bottom of the browser. There is also Trade Architect, a user friendly platform that operates in its own browser window. And Thinkorswim is an advanced desktop trading system, which is completely free to use. The firm has a total of three mobile apps that can be used on a variety of devices, including fingerprint-enabled phones. Even better, there is an app for Apple Watch for the most tech savvy of traders.

Investors will benefit from the excellent research and educational tools available on the Charles Schwab website. There are effective screeners for all securities the broker offers. An educational section offers many learning materials, including articles and videos. Information on forex, futures, and retirement accounts can also be found on the Charles Schwab website as these products are available with the firm. Beginners especially will benefit from these educational resources.

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Charles Schwab Promotion

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Stocks and ETFs $0
Options $0
Mutual funds $0
Treasury Bills, Notes, Municipal and Agency Bonds, Zeros & Strips net yield basis
CDs $30 for primary market CDs, net yield basis for secondary market CDs

Firstrade Advantages

Firstrade has managed to offer $0 commissions on mutual funds, stocks, options, and ETFs while still providing good trading technology and a selection of educational tools.

The broker's trading tools are free for all customers. They offer charting, real-time quotes, option trading, account data, and more. Equity research is also available, which includes news stories from Benzinga.

Firstrade provides over 10,000 mutual funds, including load and no-load funds from all leading fund families. The broker has the lowest commissions on mutual funds trades - $0 to buy or sell!

Firstrade Mutual Funds Screener

Firstrade's Mutual Fund Center helps investors find top performing mutual funds, screen them, see in-depth breakdowns of fund characteristics. The broker's selection of mutual funds includes, but is not limited to funds American Funds, Fidelity, Charles Schwab, Chase Investments, Citi Fund Management Inc, Deutsche Bank AG (London), Dodge & Cox, Global X, Goldman Sachs & Co/GSAM, Guggenheim Investments, Fidelity, Vanguard, WisdomTree, and Wells Fargo.

Besides general securities trading in stocks, options, and mutual funds, the brokerage firm is also one of the few in the industry to also offer crypto trading. In fact, the broker has its own crypto platform that is free to use.

Beyond crypto trading, the firm also has a good selection of debt offerings for fixed-income traders. The debt screener is effective at narrowing down a list of thousands of bonds based on criteria such as coupon rate, maturity, bond rating, and call status.

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Firstrade Promotion

Earn up to $5,000 cash bonus & get transfer fee reimbursement.

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