Charles Schwab is a popular American online brokerage, banking, and money management service. Charles Schwab offers signup bonuses ranging from $100 – $1,000, though in order to claim them, you need to deposit $25,000 or more, which is extremely high.
Instead, we recommend you capitalize on some of these signup bonuses, which are much easier to claim and still highly lucrative:
- Claim a $15 signup bonus with TopCashback after your first purchase.
- Claim a $50 bonus + 6-16 free stocks with Moomoo after depositing $100 or more.
- Claim 6-12 free stocks with Webull after depositing $100 or more.
How To Use Your Charles Schwab Promo/Referral Code
Charles Schwab has a referral program for new traders. When you sign up with Charles Schwab using our referral link (or our referral code YOREOYSTER), you will receive a bonus that ranges from $100 to $1,000, based on your deposits within 45 days of opening your account. You will earn:
- $100 bonus for net deposits between $25,000 – $49,999.
- $300 bonus for net deposits between $50,000 – $99,999.
- $500 bonus for net deposits between $100,000 – $499,999.
- $1,000 bonus for net deposits over $500,000.
To apply your Charles Schwab promo code:
- Visit Charles Schwab‘s website and click Create An Account.
- Fill in your personal information.
- Finish the signup process and make your first deposit to claim your Charles Schwab signup bonus.
If you prefer to sign up over the phone, you can also call 1-800-398-8640 to enroll.
What Is Charles Schwab?
Charles Schwab is an online broker with over $7 trillion in assets on its platform. Charles Schwab has been acquiring other companies and expanding its business; its latest acquisition was TD Ameritrade’s Thinkorswim trading platform, and it will soon be available to all Schwab’s customers.
It has been pushing a move towards commission-free stocks and ETFs trading, and it has increased its client base by 15.8 million in the past year.
Charles Schwab Features
Some of Charles Schwab’s best features include:
- Free stock and ETF trading.
- Live customer support.
- Research and educational tools, as well as stock and ETF screeners.
- Robo-advisory services and a physical branch network
Charles Schwab Fees
- No account minimum.
- No fees stock and ETF trading, making it great for day trading.
- $0.65 per options contract.
How To Sign Up With Charles Schwab
#1 Visit Charles Schwab‘s website. Click on the Sign-Up/Create An Account button.
#2 Fill in your basic information.
#3 Alternatively, you can call 800-398-8640 to enroll.
#4 Finish the sign-up process and make your first deposit.
Related: Looking for a quick signup bonus? If you've already claimed your $15 bonus with TopCashback, check out our Fetch Rewards and Cash App referral codes.
Charles Schwab’s Referral Program
Like Wealthsimple, Webull and other popular brokers, Charles Schwab offers a referral program. After creating your account with our referral link, you will find your referral link in your profile under the Referral menu. Once you receive your link, you can:
- Share your code via text, email, or with your social media audience.
- There’s no limit to how many people you can invite.
Is Charles Schwab Safe & Legit?
CSIM and Charles Schwab are registered under the SEC and it’s regulated by the Commodities Futures Trading Commission (CFTC). Like most brokers, it is regulated with respect to futures and commodities trading as an introducing broker.
In Summary
Charles Schwab is offering signup bonuses of $100 – $1,000, but you need to deposit $25,000 or more to access them, which we believe is far too high for the average person. The $1,000 bonus requires you to deposit $500,000 or more within 45 days, which is extremely high.
Instead, we recommend you take advantage of these signup bonuses, which are much easier to claim and still very rewarding:
- Claim a $15 signup bonus with TopCashback after your first purchase.
- Claim a $50 bonus + 6-16 free stocks with Moomoo after depositing $100 or more.
- Claim 6-12 free stocks with Webull after depositing $100 or more.
