Additional capabilities mark a significant
expansion of Schwab Trading Powered by Ameritrade™; Forex trading
available to Schwab clients for first time
Charles Schwab, a leader in retail investing and trading, today
announced the launch of futures and forex trading, as well as
portfolio margin, on its thinkorswim platform suite, part of
Schwab’s overall trading offer, Schwab Trading Powered by
Ameritrade. The introduction of these sophisticated capabilities is
the first time Schwab has enabled forex trading, and in addition to
reinforcing Schwab’s leadership in derivatives trading, marks an
important step in integrating the full range of trading
capabilities previously available through thinkorswim at
Ameritrade.
In October 2023, Schwab introduced Schwab Trading Powered by
Ameritrade, a reimagined trading experience made possible by the
combination of two of the industry’s most innovative firms, Charles
Schwab and Ameritrade. Schwab Trading Powered by Ameritrade unites
the award-winning thinkorswim trading platforms with Schwab’s
trading capabilities on Schwab.com and Schwab Mobile, alongside
extensive trading education and specialized service designed for
traders of all types and levels of expertise to create an
exceptional trading experience.
“The introduction of these latest capabilities reinforces our
commitment to deliver a robust, innovative, and sophisticated
trading experience through Schwab Trading Powered by Ameritrade,”
said James Kostulias, Managing Director and Head of Trading
Services at Charles Schwab. “Adding these capabilities builds upon
an already strong offer for traders – and in particular,
derivatives traders – which includes the thinkorswim platforms,
Schwab’s trading capabilities on Schwab.com and Schwab Mobile,
24-hour five-days-a-week trading, sophisticated tools and support
for options traders, extensive trading education content, and
specialized service designed for traders of all types and levels of
expertise.”
Around-the-Clock Opportunities with Futures
In addition to forex trading, Schwab now offers futures trading
on the thinkorswim platforms. Previously only available via its
StreetSmart platforms, futures enable qualified traders to buy or
sell a specific commodity asset or index at a set future date for a
set price.
Within the thinkorswim platforms at Schwab, futures-approved
clients have access to:
- Real-time futures charting
- Predefined futures watchlists and technical indicators
- In-depth research and commentary, all within thinkorswim
- Access to dedicated futures specialists for clients seeking
support
Greater Access to the Global Markets with Forex
The introduction of forex trading at Schwab delivers a new
opportunity for traders to potentially hedge against the risks that
come along with international currency and interest rates, possible
geopolitical events, and diversify their portfolio and respond to
changes even when the stock market is closed.
Today, Schwab offers more than 65 tradable currency pairs on
thinkorswim. To aid in these transactions, Schwab offers support
from forex specialists 24 hours a day, five days a week.
Specialized forex tools and education are also built in directly to
the thinkorswim trading platforms, and forex trading is offered
commission-free, with trade costs reflected in the bid/ask
spread.
Increased Leverage for Qualified Traders with Portfolio
Margin
Also now available through Schwab’s thinkorswim platform is
Portfolio Margin, an alternative calculation that bases margin
requirements on the risk of an entire portfolio rather than the sum
of individual positions and strategies. For qualifying clients,
Portfolio Margin often results in lower margin requirements and
increased leverage. Schwab's highly competitive, tiered interest
rates mean the more a client borrows, the lower their margin
borrowing rate may be.
“This rollout also represents our focus throughout the
integration of Schwab and Ameritrade to deliver the best of what
both firms provide to clients,” said Kostulias. “Schwab clients are
already deeply engaged with thinkorswim since it became available
to them last fall, and with futures and forex trading along with
portfolio margin now available on the platforms, we are ideally
positioned to welcome the final group of Ameritrade clients to
Schwab in May.”
For traders new to these strategies, all are available to test
on the paperMoney® simulated trading environment, which is
available to all Schwab clients. Non-clients can obtain a 30-day
Guest Pass to try it out at
www.schwab.com/trading/thinkorswim/guestpass.
To learn more about trading at Schwab, visit
www.schwab.com/trading.
Disclosures
Options carry a high level of risk and are not suitable for all
investors. Certain requirements must be met to trade options
through Schwab. Please read the Options Disclosure Document titled
"Characteristics and Risks of Standardized Options" before
considering any option transaction. Call Schwab at 1-800-435-4000
for a current copy.
The Guest Pass (paperMoney(R)) software application is for
educational purposes only. Successful virtual trading during one
time period does not guarantee successful investing of actual funds
during a later time period, as market conditions change
continuously.
Charles Schwab Futures and Forex LLC (NFA Member) and Charles
Schwab & Co., Inc. (Member SIPC) are separate but affiliated
companies and subsidiaries of The Charles Schwab Corporation.
Futures, and Futures options trading involves substantial risk
and is not suitable for all investors. Please read the Risk
Disclosure Statement for Futures and Options prior to trading
futures products.
Forex trading involves leverage, carries a substantial level of
risk and is not suitable for all investors. Please read the NFA
Booklet Trading Forex: What Investors Need to Know prior to
trading forex products.
Futures and forex accounts are not protected by the Securities
Investor Protection Corporation (SIPC). Forex accounts do not
receive a preference in any bankruptcy proceeding pursuant to Part
190 of the CFTC’s regulations.
Read additional CFTC and NFA futures and forex public
disclosures for Charles Schwab Futures and Forex LLC.
Futures, futures options, and forex trading services provided by
Charles Schwab Futures and Forex LLC.
Trading privileges subject to review and approval. Not all
clients will qualify. Forex accounts are not available to residents
of Ohio or Arizona.
About Charles Schwab
At Charles Schwab, we believe in the power of investing to help
individuals create a better tomorrow. We have a history of
challenging the status quo in our industry, innovating in ways that
benefit investors and the advisors and employers who serve them,
and championing our clients’ goals with passion and integrity.
More information is available at aboutschwab.com. Follow us on
X, Facebook, YouTube, and LinkedIn.
0424-WC08
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version on businesswire.com: https://www.businesswire.com/news/home/20240411835136/en/
At the Company Margaret Farrell
Director, Corporate Communications (203) 434-2240
margaret.farrell@schwab.com
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