Questions

What's the differences in stock trading using Charles Schwab and Robinwood?

One of the selling point is that they got no commission fee. However, do i own all shares of stock I had in the account even after their liquidations? And I do own the actual stock after purchasing through their systems instead of futures or options, am I correct?

3answers

Hey – I'm an entrepreneur with extensive experience trading stocks and crypto. Both of them are online broker platforms that will let you do the same basic things. Robinhood is branded and packaged as a disruptor and designed more for the digital native set, whereas Charles Schwab is a little more of a traditional online broker in the vein of E-Trade.

Yes, you own all shares of stocks you buy through either platform, and you're able to buy stocks, futures, and options on either one. Robinhood is a little more geared towards brand new investors, whereas Schwab has a fuller feature set. Robinhood also allows you to trade cryptocurrencies.

I'd personally recommend Schwab, but both platforms will allow you to trade, learn, and grow. If you have any more questions I'd be happy to set up a call. Good luck trading!


Answered a year ago

You could look at whether both platforms allow purchase of fractional shares as well.


Answered a year ago

I believe you mean Robinhood.

Charles Schwab is a old traditional brokerage which Robinhood is more marketed towards 20-30 year olds.

Robinhood has clean simple interface...so its very easy for newbies to trade. but that also mean easy to make mistakes.

I have Schwab, Robinhood among other brokers like Interactive brokers,

With Schwab you will find a higher level of customer service.

Commissions are zero for stocks and ETFs on both the platform.

Some differences:
-Robinhood also has a crypto exchange while schwab does not
-With Schwab you can buy bonds, CDs, mutual funds and with Robhinhood you can not.

also whether you purchase stocks from robinhood or Schwab it means the same thing...you are the owner of those stocks.


Answered 7 months ago

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