StreetSmart Mobile

It has improved a little bit from the optionsXpress version, but some things are the same or worse. Updating of watch lists is slow and jerky, sometimes unresponsive to touch gestures, sometimes misplacing data for one symbol with that of another. The most annoying feature is that if you have more than one watch list, checking the quote detail on any item not in the first watch list will return to the first list instead of the list you were just using. Another bug should be simple to fix: the confirmation page for an order rounds the price to the nearest .01, which matters for certain futures prices, which may have increments of .0005 (copper, for example). Fortunately, the actual order goes through correctly.

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I’ve been using the app to trade futures and futures options. The data feed seems buggy as its giving incorrect prices for p&l purposes which could scare someone into thinking they’ve lost on certain futures positions. Needs massive improvement not just on the accuracy of their quotes but the stability of the app is just unreliable. I’ve had this app crash multiple times and to makes matters worse, it tends to hang up when trying to pull simple quotes. I hope Schwab fixes these bugs. The integration with optionxpress is now complete and the question comes whether or not they want to continue supporting the futures segment of their business.

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I recently migrated from Interactive Brokers to Schwab because I changed firms and I sorely miss IB’s mobile app. As an avid options trader, Schwab’s app is missing almost all the functionality a trader of spreads needs in the app. There’s no way to add spreads to watch lists, I can’t customize the watch lists, symbol Search is pitiful, commissions are easily 3-4x higher, and not to mention Schwab needs to update their margining system. My margin requirement tripled when I moved over. Anyone who wants to be an options trader should choose interactive brokers if they have that option.

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I’m seriously thinking that the people that wrote the 5-star reviews work for Schwab. I opened an account alongside my Ameritrade account as the E-Minis are 20-50% amount if you day trade and are out by the end of the day. I’ll typically make 10+ trades a day (effortlessly with my other app) but Schwab would allow me to do 2 contracts for every 1. Unfortunately when there are so many errors and misquotes, it’s not worth it. I’ll keep my money in there for now but I’ll hold off on using the app until it’s come into this century!!! PAINFUL

Highly recommend having a Schwab Tech support person talk you through the set up. Once they point how how easy it is, you won't be frustrated. I love it from Day One. Much better than Think Or Swim for a new trader.