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Charles Schwab Review
Award-Winning Brokerage with Full-Service Features
4.8/ 5.0
Commissions$0 per trade
Account Minimum$0
Checking AccountIncluded, $0 fees
ATM FeesWorldwide rebates
Top Pick · Investing
Charles Schwab
$0 trades · 24/7 support · no minimums
Award-winning
CalcMoney Editor's Take
Schwab balances Fidelity-level tools with a superior banking experience. The integrated checking account with ATM fee rebates makes it especially powerful for investors who want their banking and brokerage in one place.
Pros
- $0 commissions, no minimums
- Free high-yield checking with unlimited ATM rebates
- ThinkOrSwim platform for advanced traders (via TD Ameritrade merger)
- 24/7 phone support and 300+ branch locations
- Fractional shares available
Cons
- Default cash sweep rate is low (opt into higher-yield sweep)
- Research interface can feel overwhelming for beginners
Best For
Investors who also want a premium bank accountFrequent international travelersAdvanced options traders (via thinkorswim)Retirees wanting full-service support
Run the Numbers First
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$0 commissions on online listed equity trades. Regulatory and exchange fees may apply.