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Charles Schwab Review

Schwab offers in-depth market news & information, expert proprietary research and analysis, as well as third-party research. Minimum to open a Schwab One International account is twenty five thousand dollars. Minimum to open an account in Schwab is one thousand dollars.

Stock Commissions per Executed Trade (includes Exchange Traded Funds)

  • Online Trades – $8.95
  • Broker-Assisted Trades – Online commission + $25.00
  • Please note that $8.95 flat commission does not apply to foreign stock transactions
  • Equity Trades     $8.95
  • Options Fee     $8.95
  • Options Contract     $0.75
  • Mutual Fund     $49.95
  • Broker Assisted    $33.95
  • Minimum Deposit    $1,000.00

How to apply for a Schwab One International account

  • Step 1 – Complete Account Application and W-8BEN
  • Step 2 – Prepare Required Supporting Documents
    • A clear photocopy of the personal information section (with photo) and signature page of a current passport for each applicant.
    • One bank (or financial institution) statement dated within the last six months
    • One utility bill dated within the last six months
  •  Step 3 – Fund Your Account
    • A minimum of US $25,000 is required to open a Schwab One International account.
    • Mail a check or money order along with your application forms
    • Wire transfer to your new account
    • Transfer from another brokerage firm
  • Step 4 – Mail Your Completed Applications and Supporting Documents to Us

Standard U.S. Mail
Charles Schwab & Co. Inc.
Attn: International Operations
PO Box 2912
Phoenix, AZ 85062-2912
USA

International/Overnight Mail:
Charles Schwab & Co. Inc.
Attn: International Operations
2423 E. Lincoln Drive
Phoenix, AZ 85016
USA

Commissions, Fees and Investments

  • Stocks and ETFs: $8.95
  • Options: $8.95 plus $0.75 per contract
  • Mutual funds: $49.95. Mutual Fund OneSource® Funds – free
  • Investment products:
    • Stocks,
    • Bonds,
    • Mutual funds,
    • Futures,
    • Treasury issues,
    • Options,
    • CDs,
    • Insurance,
    • ETFs,
    • Annuities,
    • Non-U.S. securities and ADRs,
    • WEBs and
    • Canadian foreign orders
  • Minimum to open account: $1,000 to open a simple trading account

Charles Schwab Advantages

  • Traditional banking features: credit cards and checking accounts
  • Around 300 offices for personal visits and deposits and 24/7 support
  • Varied and educational research
  • Rich selection of investment products
  • Low minimum balance requirement: $1,000
  • Excellent customer service
  • Free dividend reinvestment

Additional Features

  • Traditional banking features: credit cards and checking accounts
  • Around 300 offices for personal visits and deposits and round the clock support
  • Great, varied research
  • Rich selection of investment products
  • Low minimum balance requirement: $1,000
  • Excellent customer service
  • Free dividend reinvestment
  • Offers complete investment package,
  • Charles Schwab offers many investment services.

 Challenges

  • High commissions on stocks, options, mutual funds and ETFs
  • Average trading tools
  • Outdated and difficult to navigate website
  • They do not offer Blackberry or iPhone apps, margin rates can be as much as 8.5 %, they charge $25 for broker assisted trades.

 Awards and Accolades

  • For the year 2010 it won Best Places to Work for LGBT Equality, Human Rights Campaign, 2010
  • For the year 2009 it won America’s Top Companies, Forbes, 2009
  • For ths same year , 2009 it won Barron’s 500, Barron’s, 2009
  • For the year 2008 it won World’s Most Admired Companies, Fortune, 2008
  • For the year 2008 it won Barron’s 500, Barron’s, 2008
  • For the year 2008 it won Best Places to Work for LGBT Equality, Human Rights Campaign, 2008

Schwab Advisor Network

The Schwab Advisor Network provides referrals to advisors at no cost to you. Advisor services are available for an asset-based fee that varies by advisor. Schwab Advisor Network recommendations are made to clients with investment assets of $500,000 or more.

Enjoy personal service customized to your needs

  • Customized investment advisor recommendation—We’ll assess your financial needs and investing style to recommend an investment advisor who may be right for you.
  • Specialized planning expertise—Investment advisors provide comprehensive guidance in a range of areas such as investment management, financial planning, and more. An investment advisor can work with you to develop a personalized financial plan.1
  • Ongoing portfolio management—An investment advisor can monitor your portfolio on an ongoing basis, identify investment opportunities aligned with your goals, and may provide in-depth reporting and portfolio reviews.

Offers personal assistance and the tools you need to select investments

  • Stocks & Options
  • World Securities – Investing via America makes foreign markets accessible (for non-US residents)
  • Fixed Income
  • Offshore Mutual Funds (for non-U.S. persons, where permissible)
  • Margin Loans
  • ETFs

Schwab Equity Ratings

  • Charles Schwab states “Schwab Equity Ratings is our proprietary methodology for identifying stocks that we believe will outperform or underperform the market over the next 12 months. And this industry-leading guidance is available to all Schwab clients.”
  • Every week, Schwab Equity Ratings rates approximately 3,000 U.S. corporations.

Unique Offerings at Charles Schwab

  • Schwab Brokerage Account – Offers International investors in U.S. markets excellence control, confidence and value.
  • Investment Guidance – One-on-one guidance and actionable research to achieve your investment goals.
  • For Active Traders – Schwab is dedicated to empowering Active Traders through personal service and advanced trading technology.
  • Foreign Currency Wire Transfer Service – Transfer your money internationally, to and from your Schwab account, by utilizing Schwab’s low rates and faster credit.
  • Money transfers
  • Account Protection
  • No-fee U.S. dollar debit card
  • Option trading
  • e-Statements
  • Portfolio allocation planning tools
  • Online trading
  • Personalized email alerts

A wide range of Investment Choices Available to You

  • Stocks & Options
  • World Securities
  • Fixed Income – Bonds – corporate, mortgage-backed securities, government agencies and bond funds
  • Treasuries – treasury bills, notes, treasury bonds, treasury inflation-indexed securities and STRIPS
  • Other fixed-income type investments—preferred securities and bond UITs.
  • Offshore Mutual Funds
  • Margin Loans – Borrow Funds at Attractive Interest Rates. If you have marginable securities in your Schwab account, you can borrow funds from Schwab to buy additional securities. Your securities serve as automatic collateral for low-cost margin loans.

Care

  • You can request a prospectus by calling Schwab at +1-415-667-7870
  • Care team at Charles Schwab is amicable, informative and effective
  • They have round the clock support for care.
  • They are highly efficient and respond to all your queries.

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