Founded
1971
Users
38.7M+ active brokerage accounts
Employees
33,000
🏢 Company Overview
Headquarters
Westlake, Texas, United States
CEO
Rick Wurster
Founder
Charles R. Schwab
Users
38.7M+ active brokerage accounts
Rating
★ 4.8
AML Compliant
GDPR
PCI DSS
Banking License
Payment License
Broker License
FDIC Insured
FDIC insured up to $250,000 per depositor (bank deposits); SIPC coverage up to $500,000 (brokerage accounts)
ℹ️ About Charles Schwab
Charles Schwab is a full-service brokerage and banking platform offering commission-free stock, ETF, and options trading with FDIC-insured accounts.
⚡ Key Features
Commission-free stock and ETF online trading
thinkorswim advanced desktop trading platform suite
Schwab Intelligent Portfolios automated robo-advisory investing
Integrated investor checking with unlimited ATM rebates
Access to 16,000+ independent registered investment advisors
Fractional shares trading with Schwab Stock Slices
💪 Strengths & Weaknesses
4 Pros
3 Cons
💪
Strengths
What it does well
Zero-commission stock and ETF trades
$12T+ assets under management
Integrated banking and brokerage
Award-winning thinkorswim trading platform
⚠️
Weaknesses
Areas to improve
Options contract fee $0.65 each
Lower savings account APY rates
Android app user experience lagging
💬 User Reviews
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🔗 External Resources
🌍 Available In
8 countries
United States
United Kingdom
Hong Kong
Singapore
Australia
Canada
Germany
Japan
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Charles Schwab
4.8 ★