Schwab and Fidelity offer reasonably easy-to-navigate websites with screening tools, portfolio analysis, news, educational content, and basic order tickets. Opening an account is straightforward, and as with many brokers, you need to fill out additional paperwork to enable features like margin and options trading.
It has three platforms, including a web version, the downloadable Active Trader Pro, and Fidelity Mobile App. We found Fidelity to be quite user-friendly overall. The company makes it easy to open and fund an account, and you can do so online, via mobile app, by phone, or in one of its 360+ branches. The Schwab Mobile and StreetSmart Mobile apps round out the platform offerings. UsabilityĬharles Schwab offers two web-based platforms, and StreetSmart Edge (its premier trading platform). Schwab expects the merger of its platforms and services to take place within three years of the close of the deal.
The transaction itself is expected to close in the second half of 2020, and in the meantime, the two firms will operate autonomously. On November 25, 2019, Charles Schwab announced a buyout of TD Ameritrade’s online brokerage.
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