(ASIC) Australia Broker: Charles Schwab Review – Make More Money on Your Investments With Charles Schwab

Charles Schwab Review by Forex Trader Secrets
Charles Schwab Review by Forex Trader Secrets

Charles Schwab Review

Retirement planning is something that a lot of people do not take seriously in their young years. However, you should know that those who start planning early are the ones whose later years turn into golden years of their lives. They have all the money they need to live in comfort and enjoy the luxuries that one only dreams of. Investment is the art of making money from money. You put your money in securities and financial assets that you think will yield profits in the future. However, you can’t manage it all on your own. You need the experts with you and those experts are what you call Charles Schwab.

Charles Schwab at a Glance

Before you choose a company for your retirement accounts and investments, you have to know about the company a little. You don’t want to sign up with a company that no one knows about because it is a matter of the precious money that you have saved over the course of many years and decades. When it comes to Charles Schwab you know you are signing up with one of the best financial service providers on the internet. The company has been around for several years and during this it has generated numbers that its competitors only wish to achieve.

According to the recent statistics, the assets that the clients hold with the company right now are more than $3.5 trillion. At the same time, there are more than 11.5 million brokerage accounts with the company. You have to know at this point that the company provides banking solutions in addition to its investment advisory and services. Under its banking services, Charles Schwab has around 1.3 million accounts that it takes care of every month. The company is run by more than 20,000 employees. It is also important to note that the company is more about mutual funds and ETFs than it is about any other type of investment. For that reason, its mutual funds and ETFs amount to a huge $400 billion.

You know by now that the company you are dealing with is not just a small financial company forwarding loans to the people. It is a company that provides multiple financial solutions including but not limited to banking and retirement planning. When you sign up with Charles Schwab, you know you have created your account with one of the most reliable financial services available in the world today.

Why Plan Your Retirement with Charles Schwab

So, why should you pick Charles Schwab over any other broker and banking service in the world? Is this company doing something that others are not doing? Yes, there are many features and luxuries that you will enjoy after signing up with Charles Schwab that you won’t enjoy with other brokers and financial services. Here are some of the big ones.

A Variety of Investment Products

A lot of the online brokers talk about how you should diversify your investment portfolio but they don’t offer you an opportunity to do so. Their securities and assets are limited so you can’t really think about diversification unless you take huge risks. When you sign up with Charles Schwab, you know you have signed up with a company that primarily deals in ETFs and mutual funds. Both these investments methods are considered some of the safest in the world. There are many other ways you can invest in the financial markets, but you won’t find a way that helps you diversify your investment portfolio as easily as ETFs and mutual funds do.

Trading ETFs is not the only option of increasing your money with Charles Schwab. In fact, you have many other types of securities available on its trading platform. You can trade stocks and bonds if you want. Options trading is another exciting way to invest your money and increase it at a fast pace. In short, you get all the different types of financial instruments to invest with Charles Schwab that you normally do not get with other brokers.

The Best Trading Platform

You will love the trading platform that you will be given when you sign up with Charles Schwab. First of all, this trading platform is available in all the shapes and forms that you can imagine. If you don’t mind sitting in front of your computer at home, you have the trading platform available in the desktop version. This version has to be downloaded on your computer before you can use it. In addition to that, you have the mobile trading platform for your mobile devices as well. The best version of the software is based in the web. You can use it through your web browser and it gives you the same trading experience no matter which device or operating system you are on.

The best thing is that you can trade many different types of financial instruments from the same platform. This makes investment portfolio management easy for you. You will also like the fact that the platform is equipped with many different types of trading tools that help you avoid losses and minimize your risks as much as possible.

Proper Education before Trading

In the recent times, it has become more like a responsibility of the online brokers to provide the trading education to their traders. The brokers have to make sure that their educational material is of high quality and yet easy for the traders to understand. You can find the educational material in all the different formats you want. If you want to learn everything quickly, you can learn through the videos. If you want to take your time, you have the training material in ebook format. You decide the method of learning so you can learn fast and effectively.

Once you have opened an account with Charles Schwab, you will also be able to enjoy some one on one consultation from the best experts of the industry. These experts will guide you on how you can trade to increase your profits and minimize your risks. Keep in mind that successful trading is not all about making profits but also about minimizing the risks that lead you to huge losses.

Trade Automatically or Manually

Are you new to trading and you just want to keep your losses as low as possible? Or are you someone who has been trading for a long and who cannot let go of the control of his/her investment? You can pick the way you want invest in the financial markets once you are with Charles Schwab. The broker gives you the option to take control of your investments or let the experts take care of them for you. In either case, you can be sure that intelligent investments will  increase your money in the long run.

When you pick the automated trading option, you have a robot that takes care of the trading for you. If you set the right filters, this robot will also take care of reinvestments for you. The best thing is that Charles Schwab has made it easy for you to start with such an account. All you need in your account is $5,000 to start trading. While the experts from the company will help you with whatever financial advice you need for successful trading, there are not going to be any additional fees charged to you.

Trade Affordably

There are several types of hidden costs included in the price that most of the brokers tell you. When you trade with them, you are told about the many charges that you don’t have any clue of. On the other hand, you have Charles Schwab. This broker charges you a fixed amount and gives you a clear statement on how it will be charging your account as you trade. The money you have to pay in the form of fees or commissions to the broker depends on the security type that you choose. However, information about the costs of investing in different securities is easily available on the website. Usually, you are able to trade your favorite ETFs at just $4.95.

Get Proper Help on the Phone

Charles Schwab takes customer support seriously and you can notice that when you see the phone number available on the broker’s website. You have many numbers available on the website that are mean to handle different types of inquiries. If you want advisory service on the phone, you have a dedicated number for that. If you have questions about brokerage, there is a different number for that. Best of all, you have live chat feature available right on the website so you can talk to a professional whenever you need some help. The broker has even provided its branch addresses on the website so you can visit one if it is located nearby.

Bottom Line

Even if you search for several months, you will hardly find a financial solution as complete and trader friendly as the one provided by Charles Schwab. From opening a high yielding retirement savings account to investing your money in the most lucrative ETFs, you can do all of that at a price that most of the competitors of Charles Schwab cannot match.

Summary
Review Date
Reviewed Platform
Charles Schwab
Author Rating
41star1star1star1stargray