Charles Schwab Active Trader

Charles Schwab Corporation
101 Montgomery Street
San Francisco, CA 94104

Toll-free: 888-245-6864

General Description: Schwab is one of the largest online brokerage firms with branch offices all over the United States, but we're talking online trading here, so that may not matter to you. Let's just say they have plenty of resources to develop good trading platforms or just to answer your questions.

Account Minimums: $1,000

Stock Commissions: $8.95 - $12.95

Option Commissions: $8.95 + $0.75 per contract.

Options in IRAs: Currently Schwab only allows approved clients to write covered calls and engage in long calls and puts in select IRAs. If you want to trade spreads in your IRA, you will need another broker.

Trading Platforms:

- Schwab.com Web Based Trading
Streamlined web trading that is easy to use.

- StreetSmart Web Based Trading
Enhanced web trading designed for active traders.

- StreetSmart Pro Stand Alone Software
A customizable trading application with streaming tools and real-time data

Option Trading Tools:

- Streaming option quotes, options chains, and option Greeks

- Calculate hypothetical option values in real-time

- Enter complex options orders online

- Predefined and Customizable Option Screens

- Use Trade Assessor to screen for the right strategy for your forecast of an underlying security

- Use Option Strategy Finder to find your trades

Web Site: www.schwabat.com

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