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Charles Schwab. I’ve been a customer for decades. The good: Similar to vanguard and fidelity on most dimensions which are also mentioned in this thread, but th
by nknealk 5y ago
Charles Schwab. I’ve been a customer for decades.
The good: Similar to vanguard and fidelity on most dimensions which are also mentioned in this thread, but they’re also a bank so you can have a checking + savings account with them and all your finances are then in one place (IRA, brokerage, banking all in one). Their checking accounts offer free ATM withdrawals from any ATM world wide and when traveling they offer the actual exchange rate when withdrawing cash. Also, they have excellent customer service in my experience. Their research offering on equities is decent. Also $0 commissions on on trading equities, ETFs, most bonds and CDs.
Down sides in my opinion (YMMV): options trading is meh on Schwab, but most people shouldn’t be dabbling in options anyway. Their fully managed offerings have 0% fees, but the funds they pick internally are somewhat higher fee Schwab funds so watch out for that. You might be better off managing your own set of mutual funds/ETFs rather than going with their robo advisor if that’s what you’re after. Sometimes they do maintenance on their site on the weekends that spans beyond the midnight hours. Their mobile app is very functional but some features are slow even on an iPhone 12. Few physical branches if that’s important to you.
- hereforphone 5y agoSchwab's website has been consistently buggy for me. Would not recommend.
- tedyoung 5y agoI have a Schwab account, but I strongly dislike both their Web UI and their (iPad) mobile apps. They were built decades ago and for the most part they show it. The mobile trading for stocks (forget options) is just awful (including failing to accept my trade for no easily understood reason). My hope is since they bought TD Ameritrade that they'll dump their own trading apps and use TDA's.