Replies to post #163 on Charles Schwab Corp (SCHW)

[OldAIMGuy]

Hi LT, Re: Schwab trading........................

I've used Schwab for a long time and TDAM before that. I like the Schwab site just fine. Not hard to navigate, all the trade features I like (GTC and Limit, Do Not Reduce, etc) and the site seems pretty fast (relative to my ancient DSL line).

Hope this helps,
OAG

[eastunder]

I think StreetSmart edge is great. Keeps everything right in front of your face, so if you get a chance look into that Schwab platform and get familiar with it. The options are endless.

You can watch a demo of Streetsmart Edge on Schwab

https://www.schwab.com/trading/software

[Chartmaster]

Schwab is the worst! Opened a Schwab account to see where my TDA account will be forced over to in order to get a feel for the Schwab platform and I found Schwab to be stuck in the 1970's!
1. No realtime streaming quotes, you have to click refresh to get a current quote on the Schwab standard platform., and the streetsmartedge platform is going away by March next year yet they still want me to learn it.
2. Schwab is unusable for OTC penny stock trades because there is a 999,999 share trade limitation...they told me I can always call to place a trade but it will be at the broker's discretion if the $25 phone trade fee will apply or not!
3. Schwab is so far behind the times, There is no way to do a search for high volume tickers...they don't have a search to find high volume tickers!
4. The charting on the Schwab standard platform will not allow me to place a 100 period Moving Average on the charts, and Streetsmartedge won't allow a 5 min bar chart, it defaults to mountain or line chart so it's no good for day trading
5. You can't place an OCO order for 2 different tickers, Schwab doesn't allow this type of order.
6. I have heard complaints(There's a lot online) that they hold your orders for up to 3 minutes to "Manually review" b4 they place your trades

Conclusion: Charles Schwab is an outdated Grandfather's investor platform, lots and lots of negative reviews cuz they don't care about their customers at all and are forcing TDA accounts over to Schwab and they will be scraping the TDA platform like the Evil machines in the movie Avatar...they advertise they will be sure to provide the tools and support needed to secure your financial future but it's all BS!!! They have a useless platform for real traders and don't seem to care....now they are banning me from trading my TDA account with no warning, I found this out when I placed a trade that was rejected, they said it was "A business decision" and they want me to just go away! No wonder Schwab stock is tanking, now 52 down from 96 and heading to 32 or bankruptcy!!!

BYE BYE CHUCK!!