Charles Schwab is down

Brokerage and banking service Charles Schwab is reportedly having technical issues this morning.

Traders posting on Twitter and Facebook are saying they cannot log in to their accounts on the web or mobile app.

Charles Schwab has been responding to the complaints on Twitter, referring to the glitch as “systems issue” and “an internal technical issue.”

Schwab did not give an estimated time for when trading functions would be up and running again.

The problems follow similar glitches at TD Ameritrade on Monday. Customers of that online brokerage reported trouble accessing their accounts, and TD Ameritrade said it had been “seeing industry-wide latency issues,” according to MarketWatch.

Charles Schwab offers low commissions and fees and allows clients to place orders via phone or online.

Business Insider has reached out to Charles Schwab for comment and will update if we hear back.

Here’s what people are saying on Twitter:

 

 

NOW WATCH: Life lessons from the Goldman Sachs Elevator parody twitter account

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.