StreetSmart Edge by Charles Schwab

StreetSmart Edge is a trading platform designed for active traders, offering advanced tools and real-time insights. According to Charles Schwab, the vendor of the product, it is suitable for businesses of various sizes and caters to a wide range of professions and industries, including professional traders, financial advisors, hedge fund managers, investment firms, and active individual investors.

Key Features

Robust charting and analysis: StreetSmart Edge offers advanced charting and analysis tools, allowing traders to study market trends and patterns. Traders can customize charts with indicators, drawing tools, and timeframes to suit their strategies, according to the vendor.

Built-in insights and education: Traders can access real-time market news, expert analysis, and commentary from Schwab's professionals. The platform provides educational materials, including tutorials, webinars, and videos, to enhance traders' knowledge and skills, as per the vendor's claims.

Deep customization: StreetSmart Edge allows traders to personalize their trading environment by customizing the user interface, layout, and color schemes. Traders can also customize order types, including advanced routing options and conditional orders, according to the vendor.

thinkScript®: According to Charles Schwab, traders can create custom technical indicators, studies, and alerts using thinkScript® to meet their specific trading needs. The platform offers a condition wizard jumpstart tool to assist both novice and experienced traders.

Practice trading with paperMoney®: Traders can refine their strategies using paperMoney®, a virtual trading environment that simulates live market conditions. This feature allows traders to test the platform's tools and gain confidence before trading with real money, according to the vendor.

Commission-free trading experience: StreetSmart Edge offers commission-free trading for listed equities online, reducing trading costs, as per Charles Schwab. Options trading is also available at a competitive rate, providing flexibility for traders who incorporate options strategies.

Real-time data and advanced charting: The platform provides accurate and up-to-date information for making informed trading decisions, according to the vendor. Traders can utilize technical studies, pattern recognition, and customizable alerts to identify potential trading opportunities.

Access to proprietary research reports: Traders can access proprietary research reports and market data to support their decision-making process, as claimed by Charles Schwab. This feature provides valuable insights and information to enhance trading strategies.

Save and load custom layouts and settings: Traders can save and load their custom layouts and settings, allowing for easy switching between different trading strategies or setups, according to the vendor.