#Charles schwab ira customer service plus

During our test drive of the platform, we found fonts that overlapped with each other, and it was not very well-designed.Ī better trading experience will be found on Schwab’s regular app. It is designed to trade futures and options, although it can be used to trade stocks and ETF’s, too. The only really positive thing we can say about this app is that it has mobile check deposit. Vanguard funds do have charts, although there is only one plot style (line), and vertical format is the only possible viewing mode. For example, stock research has been removed, and only Vanguard-branded funds can be researched and traded. They are bad because many tools are now absent, and there’s not much the app can do. They are good to the extent that the app is now easier to use and better designed. Vanguard recently made a major overhaul to its app. Although Vanguard does offer a few foreign exchanges, it doesn’t have a dedicated global account like Schwab does.īoth brokerage firms in this contest have mobile apps that function on both tablets and phones.

#Charles schwab ira customer service plus

They can trade the same instruments that Vanguard self-directed customers can plus futures contracts and foreign stocks. Self-directed accounts at Schwab have neither fees nor minimums. Typically, these are at least $25,000 and no more than 1.0%. Traditional packages have a variety of minimums and fees. They include Schwab, Invesco, iShares, and Vanguard. There are several fund families that provide ETF’s. It’s able to do this by keeping up to 7% of client assets in cash. These accounts can trade mutual funds, ETF’s, equities, OTC equities, options, and fixed-income assets. Self-directed accounts pay no fees (if they sign up for electronic delivery of account documents or meet other requirements) and have no minimums. Vanguard will count household assets across multiple accounts to meet the minimum. The cheapest option is 30 basis points per year. The brokerage house has several old-school programs with human advisors. ETF’s from Vanguard are the only available assets. It has a $3,000 minimum deposit requirement and costs up to 0.20% per annum. The automated version is the cheapest, not surprisingly. Vanguard’s investment-advisory service includes both robo and traditional packages. Schwab and Vanguard both offer self-directed and managed accounts. First, We Need to Look at Investment Styles