While both the workstation and mobile app accept four leg options strategies, only the workstation provides more sophisticated options analysis tools. At Schwab these traders pay the $0.65 per contract commission on each leg.
Assets held outside of Schwab can be shown through a free aggregation service that allows customers to enroll investment and bank accounts, plus credit cards, loans, mortgages, and real estate from more than 15,000 financial institutions.
The wide range of financial products offered by Schwab is similarly sufficient for the average investor, but may not be the best choice for active options traders or those who want trading access to forex (FX), crypto currency, and futures markets. The TD Ameritrade trader-focused platform will be joining Schwabs StreetSmart online trading platform that already meets the needs of less intense investors.
The company’s growth through acquisition means TD Ameritrade’s thinkorswim trading engine will eventually be available to Schwab’s customers.