Schwab

[Trader Al]

Anyone here have any idea of what happened? Down over 10%.

[Trader Al]

I use Schwab. I am havwing problem with Schwab with their account administration. Does anyone know which government agency oversees their operations, so I can make complaint and get them to do their job? If you have any suggestions, please advice.

[RealGenius]

Schwab never has anything to short.

[RealGenius]

Schwab sucks for penny stocks. Limit Mil shares per trade. $9 per trade. Recent play cost me $60 bucks to get in and out once.

[ypsiCPA]

Want certs from Schwab? Be prepared for some hardball

HMGP appears to have some major naked shorting going on. Schwab has dragged its feet on complying with shareholder requests for certificates; making it clear there will be legal action appears to be the way to get their attention.

http://investorshub.advfn.com/boards/read_msg.asp?message_id=21400176
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24673993

[rapidche]

Schwab schwab ,oh schwab.....

[rudy-carter]

I use schwab and i have a few pennies in my accout which are of no value - the account is an ira - so I need some CPA to evaluate the company assign worth in a statement and provide to me - so I can have removed from my account. Schwab has no suggestions on who to us - but they are trying to charge me $100 per year for the worthless penny stock.

anybody have a service that evaluates these stocks and give a certificate of value - for less?

[veronique]

"Schwab took hours and charged over a hundred dollars."

really ???

I trade mostly with schwab since it costs me only $14.95 per trade, and it fills my order within seconds (I trade only Nasdaq stocks).

Did you contact the office and question them? Hundred dollars per trade is crazy, unless, of course, you trade more than 3000 shares at a time, since they would charge $0.03/shares.

If you want another fast broker, try Interactive Broker (http://www.interactivebrokers.com), they charge $0.01/share/trade and they are very fast, too. Their options and futures trading features would leave Datek in the dust.

vv

[JoeLong]

OBSOLUTELY THE MOST HORRIBLE BROKER IN CYBER LAND. Sorry about the caps but thats how I feel. Commissions are outrageous and make no sense. Broker commissions are different from cyber commissions that are different from tele commissions. WHY? Most brokers and most businesses have the best fees on their site. Not Schwab! The lowest fees are on the telebroker. And those in-house MM's they use. OUCH! They wrote the book on slow. I had an order in at the ask one day. It took all day to fill it, while I read others being filled at lower prices within minutes. I tried an experiment. I put in 3 identical orders into my accounts at Datek, Ameritrade, and Schwab all at the ask. Datek took 3 seconds to fill and a commission of 9.99, Ameritrade took a minute, Schwab took hours and charged over a hundred dollars.

I said bye bye Charles.

[NorthWesterner]

I still use Schwab. Their research, at least for their Signature customers, is unmatched. Incredible amounts of quality information in one place. And you can customize your own stock report so it gives you exactly the data you want. For the amount trading I do -- maybe five trades a month, always at full blocks -- it's well worth the extra few bucks. Plus I know they'll be there in ten years. Some of the other discounters, well, I have my doubts.

Quality is worth paying for, as long as you don't pay too much!

[ypsiCPA]

I had been using Schwab since 1995 (then e.schwab). As online brokerages became more popular, Schwab's commissions became increasingly unattractive. And customer service seemed to be in decline - indeed I got a few letters of apology for it that was sent to all account holders. Typical was a long-winded canned e-mail response to a question I didn't ask, while the question asked was left unanswered.

On the positive side, they do allow you to trade without cash in your account, with the understanding they will be paid by settlement date. (But avoid relying on the US Postal Service, I had one deposit take ten days to get posted)