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Overall Rating:3.31 based on 29 ratings
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Reviews for Charles Schwab & Co.  1-11 OF 11

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JimmyJ (0)
12/22/2007
Best for nontraders. I get trades done for $10, website is excellent.

  (0 voted this helpful, 0 funny and 0 agree)
Enkidu (37)
11/19/2007
Pretty good; no major complaints so far. Trade execution is as near to instantaneous as I could desire, and the personal consultations don't cost anything. Researching on their website is a mixed bag--some of the data you can pull there is better than anything I've found on the free internet, but I still go to Yahoo finance for a lot of companies (especially foreign) they don't cover. Beware of the hidden fees in Schwab mutual funds, which they try just a little too hard to sell to you. You're usually better off in index funds anyway.

  (5 voted this helpful, 0 funny and 0 agree)
aallison (0)
01/23/2007
Schwab's response to complaints about well-documented customer service issues experienced by multiple clients was to resign the ($4 million) account!

  (0 voted this helpful, 0 funny and 0 agree)
harris911 (0)
07/13/2005
I left Interactive Brokers to get the better per-share pricing at CyberTrader. The account approval/funding process took several days longer than they said it would. The software user interface made it impossible to see if my limit orders were still the best bid. Futures contracts cannot be held overnight making it hard to hedge positions. Then I discovered another limitation that made it impossible for me to trade my best strategy. Closing my accounts was very frustrating. It took several days and 20 phone calls. They committed two acts of incompetence, delayed every step, and ended up charging me TWICE the fees the website indicates!

  (0 voted this helpful, 0 funny and 0 agree)
Scarriff (0)
07/02/2004
Firm has slipped badly in recent years,they have re-organized about 50 times,moved people around for no apparent reason,and still have lousy salaries.Only the top dogs get paid well and Charles Schwab himself is not involved in the day to day business.Fees are way to high.Why are these people still in Business?

  (1 voted this helpful, 0 funny and 0 agree)
skyhue (0)
04/15/2004
I've been with Schwab since 1995. They have done a decent enough job, but since I bought a house last summer and pulled my account below the trigger point, the fees are ruining my account. They are pulling $40 per Roth per year and charging $30 per quarter on my brokerage acct. It will cost me $95 per account to have my assets transferred to another broker.

  (1 voted this helpful, 0 funny and 0 agree)
newsy97 (0)
07/02/2003
there seems to be a aewer breed of represenatives taking hold at Schwab. Seems that many have just been brought in from local car dealers. So if you do not mind spending big bucks on your tranactions while being abused by their less than professional staff, this your place,

  (0 voted this helpful, 0 funny and 0 agree)
gr8tango (0)
10/08/2002
Can you believe they charged me a $60 termination fee? The quarterly fees were enough to make me switch. After being hammered on my positions in Telecom and networking in solid companies that are still doing well, Schwab has the audacity to charge me for not trading and for closing my account. If not for their good customer service they would get a terrible.

  (2 voted this helpful, 0 funny and 0 agree)
tdg11819om (0)
11/27/1999
brokers are courteous but not very knowledgable about options trading.

  (0 voted this helpful, 0 funny and 0 agree)
cpoo883om (0)
11/06/1999
I use Charles Schwab and they are fantastic. Everything I need is on their web site.

  (0 voted this helpful, 0 funny and 0 agree)
ALAN139OM (0)
10/26/1999
Schwab has always had a name to trust will be there for the long run

  (1 voted this helpful, 0 funny and 0 agree)
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