Is Charles Schwab Good for Copy Trading?

Charles Schwab is one of the largest and most established brokerages in the United States, and many traders already hold accounts there. If you would rather keep copy trading at a broker you already trust, Schwab is a natural fit. With RelayTrades you connect your existing Schwab account and copy strategies into it without handing over your login or your custody.

How Charles Schwab copy trading works

You link your Schwab account to RelayTrades through SnapTrade, a secure connection layer, so your Schwab password is never shared with RelayTrades. The strategies you choose to follow generate signals, and matching orders are routed into your own Schwab account, scaled to your settings. Your assets stay in Schwab custody the entire time, with no pooled or managed money involved.

Why Schwab is a strong fit

• A major, established broker: your capital stays with a large institution you may already use.
• Broad market access: copy stocks, ETFs, and options rather than being limited to one asset class.
• You keep custody: orders route to your own Schwab account and you can revoke the connection at any time.
• Risk controls you set: a sizing multiplier, a maximum dollar per trade, exposure and daily-loss limits, slippage protection, and a one-tap kill switch.

Your Schwab account stays yours. RelayTrades never holds your funds or takes discretionary control; it routes the trades you choose into your own account within the limits you set.

What to keep in mind

Copy trading on Schwab does not change the nature of trading risk. The trader you copy can lose money, and so can you, even with risk limits in place. Options in particular can move quickly and carry added risk, so make sure any options strategy you copy fits your account and your risk tolerance. RelayTrades is automation software and is not affiliated with or endorsed by Charles Schwab; Schwab is simply one of the brokerages you can connect through SnapTrade. Past performance is not indicative of future results.