If you’re looking to open a Charles Schwab brokerage account, you can complete the process online within a few minutes. Here’s how to do it step-by-step.
1. Visit the Schwab brokerage account page
Here, you can decide whether you want to open an individual account or a joint account.
Source: Courtesy of Javier Simon via 24/7 Wall St.
2. Fill out personal information
Source: Courtesy of Javier Simon via 24/7 Wall St.
3. Review and agree to regulatory disclaimers
4. Choose features
Here, you can choose to add free features like thinkorswim, an advanced research and trading platform available via desktop, mobile or web. You can also select to be approved for options trading. You can select these features after creating your account too.
Source: Courtesy of Javier Simon via 24/7 Wall St.
4. Review your application
Take a look at the information you provided and make sure it’s accurate.
5. Finalize the agreement
6. Pick your investments
Schwab offers a variety of securities including the following
- Stocks
- Bonds
- Mutual funds
- ETFs
- Options
- Futures contracts
- Forex
Why open an account with Charles Schwab?
Source: Friends Stock / Shutterstock.com
Charles Schwab is one the largest brokerage companies in the country and has been providing services since the 1970s. Today, it oversees more than $8 trillion in assets and services more than 35 million accounts. Schwab was also one of the first firms to offer commission-free trading of stocks, exchange-traded funds (ETFs) and options.
But you can do more with Schwab than just open a brokerage account. You can start saving for retirement by opening an individual retirement account (IRA) or a Schwab Roth IRA. If you want to begin investing in your child’s college education, you can see if the Schwab 529 college savings plan is right for you.
And if you’re a hands-off investor, you may want to learn about Schwab Intelligent Portfolios. This is a robo-advisor platform that automatically builds, manages and rebalances a diversified portfolio based on your financial goals.
Additionally, you can link your regular Schwab brokerage account to the Schwab Investor Card. Using this card, you can earn cash-back rewards automatically reinvested into your brokerage account.
If you want to learn more about Schwab, check out our regularly-updated list of Charles Schwab guides, news and coverage.
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
