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Charles Schwab Global Account FREE Online Trades Until 03/2013(Currency Conversion Applies)
I currently have a Schwab Brokerage account and today I noticed they had an offer for a Schwab Global Account. No minimums, no fees to open or maintain AND online commission-less trades until March 2013. Also no minimum on trading amounts. There are currency conversion fees, but if you are looking into trading in overseas markets I think this is fairly common. Hope this helps at least one of you all.
This is strictly for currency trading right? (noobed it I know)
Honestly, I do not think so. I think it's meant for trading stocks and/or other securities in the respective countries' currency.That's where the currency conversion fees come in. I do know that the Schwab One account allows you to trade in foreign markets, but has minimums to open and charges for each trade.
The Global account was just something I stumbled upon when logging in from my gf's laptop. ( I usually use my phone to check balances and trade executions.) Admittedly I have been looking for ways to purchase Samsung stock prior to the Apple trial and found ADR's,[adr.com] but honestly I am very new to this as well.
I figured free trades for 5 months and no minimum opening amount was a decent value if you are knowledgeable of this kind of trading. Unfortunately I am not one of them...I just saw value. One thing I do know is that Schwab customer service is at a standard higher than any other bank I've dealt with. I would give them a call, but that is the first rule of Slickdeals isn't it? NEVER CALL!!
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