Schwab Announces Latest Round of Enhancements to Retail Trading Experience

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Key Terms

marginable securities financial

Marginable securities are stocks, exchange-traded funds or other investments that a brokerage allows you to borrow against when you open a margin account. Think of it like using part of an owned asset as collateral for a loan: it lets investors buy more with borrowed money, which can amplify gains but also magnify losses and trigger forced sales if the account value falls. Knowing which holdings are marginable and the borrowing rules matters because it affects leverage, interest costs and the risk of margin calls.

options chain technical

An options chain is a detailed listing — like a menu or price board — showing all available option contracts for a given stock, including the prices, expiration dates, and whether each contract gives the right to buy or sell. Investors use it to compare costs, potential payoffs and risks across choices, gauge market interest (demand) in different strikes and expirations, and plan trading or hedging strategies based on how attractive each option appears.

net asset value (NAV) financial

Net asset value (NAV) is the per-share value of an investment fund calculated by totaling the fund’s assets, subtracting its liabilities, and dividing the remainder by the number of outstanding shares. Think of it like a price tag on each share of a collective piggy bank: investors use NAV to see what each share is worth, to compare funds, and, for many funds, it’s the price at which shares are bought or redeemed.

virtual currency financial

A virtual currency is money that exists only in digital form and is exchanged, stored, and recorded electronically instead of as physical bills or coins. For investors it matters because companies can hold, accept or issue these digital units, which can change a firm’s value, income and risk profile much like owning a volatile commodity or foreign cash; regulatory rules, fraud risk and price swings can affect investment returns.

futures and futures options financial

Futures are contracts that lock in a price today for buying or selling an asset at a set date in the future, like agreeing now on the price of a house you will buy later. Futures options give the holder the right (but not the obligation) to enter that futures contract, similar to buying a ticket that lets you decide later whether to go through with the house purchase. Investors use them to protect against price swings, to speculate with limited upfront cash, and to gauge market expectations.

securities investor protection corporation (sipc) regulatory

A nonprofit created to protect customers if a brokerage firm fails and cannot return their cash or securities, acting like an emergency backstop for your investment account. It helps recover missing assets up to set limits and speeds the return of holdings, so investors can be confident their property is safeguarded against broker insolvency—though it does not insure against market losses or bad investment outcomes.

futures commission merchant regulatory

A futures commission merchant (FCM) is a licensed firm that executes and clears futures and options trades for clients, holds margin funds, and handles settlement and recordkeeping. Think of an FCM as the specialized broker and custodian for futures markets that also provides credit and risk controls; its reliability affects an investor’s ability to trade, the safety of their money, and the costs and speed of executing positions.

nfa forex dealer member regulatory

An NFA Forex Dealer Member is a firm registered with the U.S. self‑regulatory body that is authorized to sell and manage foreign exchange trading for retail clients. Think of it as a licensed broker for currency trading that must follow standardized rules, record‑keeping and customer protections; this matters to investors because membership signals regulatory oversight, reduces certain risks of fraud or mismanagement, and provides access to dispute resolution and reporting standards.

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06/02/2026 - 08:00 AM

Key Takeaways:

Charles Schwab has enhanced its trading experience and introduced its first 24/7 product, select cryptocurrency futures trading, on its thinkorswim® platforms.
Additional enhancements include expected price range information for marginable securities (Schwab.com), dividend reinvestment (Schwab Mobile), and more.
Schwab has also expanded fractional/notional trading to include most U.S. stocks and ETFs, allowing clients to invest for a set dollar amount, with a new minimum of $1.

WESTLAKE, Texas--(BUSINESS WIRE)-- Charles Schwab, a leader in investing and trading with $12.61 trillion in total client assets and 10.3 million daily average trades in April 2026, today announced the latest enhancements to the Charles Schwab trading experience across its trading platforms, including Schwab.com, Schwab Mobile, and the thinkorswim platform suite, continuing its ongoing commitment to introducing new features based on client feedback.

“A diverse range of clients seek out Schwab for the best-in-class trading experience we offer, from our award-winning platforms to our 24-hour specialized support and education,” said James Kostulias, Managing Director and Head of Trading Services, Charles Schwab. “As retail trading continues to advance, we’re committed to adding features and resources that expand our offering and make Schwab an even more compelling place to trade.”

New Features and Updates on Schwab’s Trading Platforms

Schwab has introduced the following enhancements and features on its trading platforms.

Now available on thinkorswim:

24/7 Cryptocurrency Futures Trading: Select cryptocurrency futures (Bitcoin, Ether, Solana and Ripple products) are now available to trade nearly 24 hours a day, seven days a week, on all thinkorswim platforms.
Coming Soon: Specified Lots: Clients using thinkorswim desktop can now choose which tax lots are designated to be sold for each sell through the Order Rules section of the order ticket.
Coming Soon: paperMoney® Enhancements: Clients using the desktop version of thinkorswim paperMoney (desktop only) can utilize a new Order Gadget to place trades and gain new pre-confirmation insight into:
- Individual pricing for each options leg;
- Maximum profit, maximum loss, breakeven, and estimated cost of the trade prior to confirmation;
- The full options chain, visible below the pricing information for the options.

Now available on Schwab.com:

Expected Price Range: The Research page now includes expected price range information for marginable securities, allowing margin clients to better understand their risk and to manage their transactions and accounts accordingly.
Fundamentals Columns: Clients can now see more fundamental data about their positions on the Positions page.

Now available on Schwab Mobile:

Mobile Dividend Reinvestment: Clients can now adjust their dividend reinvestment enrollment settings for stocks, ETFs and Mutual Funds via the Schwab Mobile app Positions page.
Collapsed Chains on Options Chains: The Options Chain screen now defaults to all expirations collapsed.
Enhanced Fixed Income Positions – The Fixed Income Positions page now includes a description to Table View for Fixed Income Symbols.
Order Status Quotes: A new customizable view expands default quotes data to include:
- Equities: Bid, Ask, Last
- Options: Bid, Mid, Ask
- Mutual Funds: Net Asset Value (NAV)
Order Status for Walk Limit Orders: A new display summarizes the current status of the walk range.

Fractional Shares Trading Made Easier

Across all platforms, Schwab has also expanded fractional trading capabilities to include most U.S. stocks and ETFs, with a new minimum investment of $1. Now, instead of accessing fractional shares trading via a separate experience, clients can select a dollar amount rather than number of shares right within Schwab’s trade ticket.

“Fractional shares trading lowers barriers to entry and gives clients greater simplicity and flexibility,” Kostulias added. “They can be a powerful tool for a wide range of investors, from those who may be priced out of higher-cost stocks to more seasoned traders who prefer to trade notionally, in dollar amounts rather than whole shares.”

More on fractional shares trading, including how to gift fractional shares to loved ones, can be found at www.schwab.com/fractionalshares. For more information about trading tools at Schwab, visit www.schwab.com/trading.

Disclosures

Investing involves risk, including loss of principal, and for some products and strategies, loss of more than your initial investment.

Equity and index 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.

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.

Futures accounts are not protected by the Securities Investor Protection Corporation (SIPC).

Read additional CFTC and NFA futures and forex public disclosures for Charles Schwab Futures and Forex LLC.

Futures and futures options trading services provided by Charles Schwab Futures and Forex LLC. Trading privileges subject to review and approval. Not all clients will qualify.

Charles Schwab Futures and Forex LLC is a CFTC-registered Futures Commission Merchant and NFA Forex Dealer Member.

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.

Virtual Currency Derivatives trading involves unique and significant risks. Please read NFA Investor Advisory – Futures on Virtual Currencies Including Bitcoin and CFTC Customer Advisory: Understand the Risk of Virtual Currency Trading.

You should carefully consider whether trading in virtual currency derivatives is appropriate for you in light of your experience, objectives, financial resources, and other relevant circumstances.

Please note that virtual currency is a digital representation of value that functions as a medium of exchange, a unit of account, or a store of value, but it does not have legal tender status. Virtual currencies are sometimes exchanged for U.S. dollars or other currencies around the world, but they are not currently backed nor supported by any government or central bank. Their value is completely derived by market forces of supply and demand, and they are more volatile than traditional fiat currencies. Profits and losses related to this volatility are amplified in margined futures contracts.

System availability and response times are subject to market conditions and mobile connection limitations.

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 www.aboutschwab.com. Follow us on X, Facebook, YouTube, and LinkedIn.

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