With Schwab Trading Powered by Ameritrade, traders in the UK may now use Charles Schwab‘s retail trading expertise.

Together with the trading capabilities on Schwab.com and Schwab Mobile, extensive trading education, and focused support services, Charles Schwab, a financial services provider with 35.1 million active brokerage accounts worldwide, has brought together the thinkorswim® suite of trading platforms to offer traders of all types and levels an comprehensive trading experience.

The thinkorswim platforms, available via desktop, mobile, and web, are at the foundation of Schwab Trading. Powered by AmeritradeTM, they offer strong charting and analytics features, simple to use navigation, and considerable customisation.

Unique features include:

  • The ability to trade an array of US-based products, including equities and select derivatives, with US$0 account minimum and US$0 online listed equity trade commissions
  • Extensive customisation through the thinkScript® programming language, enabling clients to build their own order entry and strategic testing algorithms to see how various scenarios could play out (available on thinkorswim desktop and mobile)
  • The ability to pull from a wide array of technical studies, including basic support, resistance, candlestick, and profile charts as well as sophisticated charts like monkey bars and Renko charts alongside up to 20 drawings with eight Fibonacci tools
  • Communication capabilities enabling users to share ideas and insights with other traders via in-platform chat rooms (available on thinkorswim desktop and mobile)
  • A trading simulator – paperMoney® – which allows users to test trading strategies and place trades without monetary risk in a real-time environment

Customers receive unrestricted access to all of Schwab Trading Powered by Ameritrade’s educational resources, including articles, videos, podcasts, live events, and courses, plus access to the thinkorswim platforms.

These resources are particularly designed to accommodate their changing learning requirements. Additionally, clients can take use of Schwab Coaching, which pairs them in one-to-many interactive webcasts with knowledgeable education coaches to “look over the shoulder” of seasoned traders.

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Moreover, Schwab provides professional trading help to clients across a variety of platforms, products, and tactics. The London branch office and Schwab’s Trade Desk offer 24-hour advice on issues such as platform learning and gut checks, assuring clients comprehend prospective gains or losses.

Richard Flynn, managing director of Charles Schwab UK, said: “We know from our recent Investment Forces research that a new generation of investor – Gen T, or Generation Trader – is emerging in the UK; more than three-quarters of Gen Z and Millennial retail investors are already doing – or considering doing – copy trading, and 58% adjust their investments at least once a month. With this new generation adopting a more proactive approach to managing their investments, education plays a critical role in helping them learn and implement strategies and stay on top of market news and economic events. Providing high-powered trading capabilities alongside education tools and support, Schwab Trading Powered by Ameritrade is an ideal partner for UK retail traders at any point in their investing journeys.”

Lisa Hunt, managing director, head of international services for Charles Schwab & Co., added: “The launch of Schwab Trading Powered by Ameritrade in the UK is testament to Charles Schwab’s continued focus on, and investment in, the UK market. Historically, UK retail traders have been underserved, with clunky, hard-to-use platforms that are either so complex that they are only suitable for professional traders or so basic that they are really for novices only. Our flagship, award-winning thinkorswim platforms change this, providing an incredibly deep trading experience for both sophisticated traders, and those who are still building their expertise, and the ability to continually upskill one’s trading capabilities. We want to see UK traders unlock their potential and invest in their tomorrow and are committed to bringing them the best technology and trading experience in order to achieve this.”