Schwab

Charles Schwab is a full-service brokerage supporting stocks and options trading.

Supported Equity Types

• ✅ Stocks
• ✅ Options (single legs and spreads)
• ❌ Futures
• ❌ Cryptocurrency

Account Types

• Live Trading - Real money trading

Connecting Schwab

1. Navigate to Integrations tab
2. Click Add Integration
3. Select Schwab
4. Complete OAuth authorization
5. Grant required permissions
6. Select account(s) to connect

Features

Options Trading

• Single leg options (calls and puts)
• Multi-leg spreads (up to 4 legs)
• All standard spread types supported
• Automatic OCC symbol formatting with Schwab-specific spacing

Order Types

• Market orders
• Limit orders
• Extended hours support

Position Tracking

• Real-time position updates
• Automatic exit matching
• Spread position tracking

Margin Requirements

Schwab uses standard Reg T margin:

• Long Stock - 100% of purchase price
• Short Stock - 150% of stock value
• Long Options - Premium paid (100%)
• Short Naked Options - Significant margin required
• Spreads - Max loss (spread width - credit)

Limitations

• No futures or crypto support
• No fractional shares
• Options in whole contracts only
• No paper trading environment

Troubleshooting

"Insufficient buying power"

Check available cash and margin. Credit spreads require margin equal to max loss.

"Invalid option symbol"

Strike may not be available. Verify strikes exist in Schwab's option chain.

"Account not approved for options"

Ensure your Schwab account has options trading enabled with appropriate level.

Next Steps

• Create an Options Strategy
• Understanding Options