Schwab Introduces Futures, Forex and Portfolio Margin on thinkorswim®
Additional capabilities mark a significant expansion of Schwab Trading Powered by Ameritrade™; Forex trading available to Schwab clients for first time
In
“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
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
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.
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
Read additional
CFTC and NFA futures and forex public disclosures
for
Futures, futures options, and forex trading services provided by
Trading privileges subject to review and approval. Not all clients will qualify. Forex accounts are not available to residents of
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
View source version on businesswire.com: https://www.businesswire.com/news/home/20240411835136/en/
At the Company
Director, Corporate Communications
(203) 434-2240
margaret.farrell@schwab.com
Source: