Charles Schwab Diversifies Offerings with Futures and Forex Trading

Charles Schwab has integrated futures and forex trading into
its thinkorswim platform. This expansion marks the debut of forex trading
within Schwab’s ecosystem with the aim of boosting the platform’s derivatives trading.
With these new offerings, Schwab aims to provide traders with a range of
investment opportunities and risk management tools.

James Kostulias, the Managing Director and Head of
Trading Services at Charles Schwab mentioned: “Adding these capabilities
builds upon an already strong offer for traders – and in particular,
derivatives traders – which includes the thinkorswim platforms, Schwab’s
trading capabilities on Schwab.com, and Schwab Mobile”

Previously available only through its StreetSmart
platforms, futures trading enables traders to speculate on the future price
movements of commodities or indices. With access to a variety of futures
contracts, traders can now diversify their portfolios and capitalize on
opportunities around the clock, the company mentioned.

The introduction of forex trading at Schwab is a
significant milestone for the company. With over 65 tradable currency pairs
available on the thinkorswim platform, the new offering allows traders to hedge
against currency and interest rate risks, as well as geopolitical events.

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… https://t.co/BVRCmjJgWT

— Jared Kirui (@JaredLopta79285) April 11, 2024

Schwab has committed to providing support from forex
Forex

Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi

Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi
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specialists 24/5, with commission-free trading and built-in educational
resources. Another key addition to Schwab’s thinkorswim platform is portfolio
margin.