Commission-free trading online. Same award-winning experience.

  • $0 online trades1+ $0.65 per options contract3
  • No account or trade minimums
  • No hidden fees

Open an account

Trading Fees and Commissions

$0

Listed Stocks and ETFs

online commission1,2

$0

Options

online base commission + $0.65 per contract fee3

$0

Mutual Funds

on thousands of funds from Schwab Mutual Fund OneSource4

$0

Bonds - New Issues

Online trading***

Ready to get started?

Trading Fees and Commissions

  • Online Trades
  • Broker-Assisted Trades
  • Listed Stocks and ETFs1,2
  • Online Trades
    $0 online commission
  • Broker-Assisted Trades
    $0 + $25 service charge
  • Options3,5
  • Online Trades
    $0 online base commission + $0.65 per contract fee6
  • Broker-Assisted Trades
    $0.65 per contract + $25 service charge
  • Exercised and Assigned Options
  • Online Trades
    $0 online commission
  • Broker-Assisted Trades
    $0 commission
  • US Over-The-Counter (OTC) Equities1
  • Online Trades
    $6.95
  • Broker-Assisted Trades
    $6.95 + $25 service charge
  • Schwab Mutual Fund OneSource®4
  • Online Trades
    $0
  • Broker-Assisted Trades
    $0 + $25 service charge
  • All other mutual funds7
  • Online Trades
    Up to $74.95 per purchase
  • Broker-Assisted Trades
    Online pricing + $25 service charge
  • Futures8
  • Online Trades
    $2.25 per contract
  • Broker-Assisted Trades
    $2.25 per contract
  • Futures Options8
  • Online Trades
    $2.25 per contract
  • Broker-Assisted Trades
    $2.25 per contract
  • Forex8
  • Online Trades
    $0 online commission; trade costs reflected in the bid/ask spread
  • Broker-Assisted Trades
    Online pricing
  • New issues, including CDs
  • Online Trades
    Selling concession is included in the offering price
  • Broker-Assisted Trades
    Selling concession is included in the offering price
  • Canadian Securities 
    (Local exchange & OTC)
  • Online Trades
    $6.95
  • Broker-Assisted Trades
    $6.95 + $25 service charge
  • Foreign stock transactions placed on the U.S. over-the-counter (OTC) market9 
  • Online Trades
    $50 foreign transaction fee 
  • Broker-Assisted Trades
    $75 ($50 foreign transaction fee and a $25 broker assistance fee)
  • Foreign stock transactions placed directly on local exchanges 
  • Online Trades
    Not available
  • Broker-Assisted Trades
    The greater of $100 or 0.75% of principal, with no maximum
  • Treasuries, including Auction and Secondary: Treasury Bonds, Treasury Bills, Treasury Notes and TIPS
  • Online Trades
    $0
  • Broker-Assisted Trades
    $0 + $25 service charge
  • Other Secondary Trades: CDs, Corporate Bonds, Municipal Bonds, Government Agencies, Zero-Coupon Treasuries, including STRIPS
  • Online Trades
    $1 per bond*
    $10 minimum
    $250 maximum*
  • Broker-Assisted Trades
    Online pricing + $25 service charge
  • Commercial Paper, Foreign Bonds, Asset-Backed Securities, Mortgage-Backed Securities, Collateralized Mortgage Obligations, and Unit Investment Trusts
  • Online Trades
    These are specialty products. Please contact us at 800-626-4600 for information.
  • Broker-Assisted Trades
    These are specialty products. Please contact us at 800-626-4600 for information.
  • Preferred Listed Stocks and REITs1
  • Online Trades
    $0
  • Broker-Assisted Trades
    $0 + $25 service charge
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Account Fees and Minimums

All Account Fees and Minimums
  • Opening and Maintenance Fees† 
  • Account Minimums
  • Brokerage (Individual and Joint) 
  • Opening and Maintenance Fees† 
    $0
  • Account Minimums
    $0
  • IRA (Traditional, Roth, or Rollover)
  • Opening and Maintenance Fees† 
    $0
  • Account Minimums
    $0
  • Schwab Global Account™
  • Opening and Maintenance Fees† 
    $0
  • Account Minimums
    $0
  • Schwab One® Trust 
  • Opening and Maintenance Fees† 
    $0
  • Account Minimums
    $0
  • Schwab One® Estate 
  • Opening and Maintenance Fees† 
    $0
  • Account Minimums
    $0
  • DAFgiving360™10
  • Opening and Maintenance Fees† 
    $0
  • Account Minimums
    $0
  • 529 College Savings11
  • Opening and Maintenance Fees† 
    $0
  • Account Minimums
    $0
  • Education Savings 
  • Opening and Maintenance Fees† 
    $0
  • Account Minimums
    $0
  • Schwab One® Custodial (UGMA/UTMA) 
  • Opening and Maintenance Fees† 
    $0
  • Account Minimums
    $0
  • Individual 401(k) Plan 
  • Opening and Maintenance Fees† 
    $0
  • Account Minimums
    $0
  • Inherited IRA/Inherited 401(k) 
  • Opening and Maintenance Fees† 
    $0
  • Account Minimums
    $0
  • Schwab Personal Choice Retirement Account® (PCRA)
  • Opening and Maintenance Fees† 
    $0
  • Account Minimums
    $0
  • SEP-IRA 
  • Opening and Maintenance Fees† 
    $0
  • Account Minimums
    $0
  • SIMPLE-IRA
  • Opening and Maintenance Fees† 
    $0
  • Account Minimums
    $0
  • Personal Defined Benefit Plan
  • Opening and Maintenance Fees† 
    $0
  • Account Minimums
    $0
  • Business 401(k)
  • Opening and Maintenance Fees† 
    $0
  • Account Minimums
    $0
  • Company Retirement Plan
  • Opening and Maintenance Fees† 
    $0
  • Account Minimums
    $0
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Schwab Bank Account information

For Schwab Bank Account information: Schwab Bank Investor Checking™ and Schwab Bank Investor Savings™ 

Investment Management Fees and Minimums

  • Costs and Fees
  • Account Minimums
  • Schwab Intelligent Portfolios®12
    Just as if you'd invested on your own, you will pay the operating expenses on the ETFs in your portfolio—which includes Schwab ETFs. We believe cash is a key component of an investment portfolio. Based on your risk profile, a portion of your portfolio is placed in an FDIC-insured deposit at Schwab Bank. Some cash alternatives outside of the programs pay a higher yield. See more information below. 
  • Costs and Fees
    No advisory fee + No commissions
  • Account Minimums
    $5,000
  • Schwab Intelligent Portfolios Premium®12
    Just as if you'd invested on your own, you will pay the operating expenses on the ETFs in your portfolio—which includes Schwab ETFs. We believe cash is a key component of an investment portfolio. Based on your risk profile, a portion of your portfolio is placed in an FDIC-insured deposit at Schwab Bank. Some cash alternatives outside of the programs pay a higher yield. See more information below. 
  • Costs and Fees
    One-time planning fee: $300 
    Monthly advisory fee: $30
  • Account Minimums
    $25,000
  • Schwab Wealth Advisory™13
  • Costs and Fees
    Starts at 0.80%
    (Fee rates decrease at higher asset levels)
  • Account Minimums
    $500,000
  • Schwab Advisor Network®14
  • Costs and Fees
    No charge for referrals
    Fees vary by advisor
  • Account Minimums
    $500,000
  • Schwab Managed Portfolios15
  • Costs and Fees
    Starts at 0.90%
    (Fee rates decrease at higher asset levels)
  • Account Minimums
    $25,000
  • Managed Account Select® Equity Strategies16
  • Costs and Fees
    Starts at 1.00%
    (Fee rates decrease at higher asset levels)
  • Account Minimums
    $100,000
  • Managed Account Select® Fixed Income Strategies16
  • Costs and Fees
    Starts at 0.65%
    (Fee rates decrease at higher asset levels)
  • Account Minimums
    $250,000
  • Wasmer Schroeder™ Strategies17
  • Costs and Fees
    Starts at 0.55%
    (Fee rates decrease at higher asset levels) 
  • Account Minimums
    $250,000
  • Windhaven® Strategies18
  • Costs and Fees
    Starts at 0.95%
    (Fee rates decrease at higher asset levels) 
  • Account Minimums
    $100,000
  • ThomasPartners® Strategies19
  • Costs and Fees
    Starts at 0.90%
    (Fee rates decrease at higher asset levels)
  • Account Minimums
    $100,000
  • Schwab Personalized Indexing™20
  • Costs and Fees
    Starts at 0.40%
    (Fee rates decrease at higher asset levels)
  • Account Minimums
    $100,000
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The Schwab Satisfaction Guarantee

We believe every investor deserves to work with a firm they can count on. At Schwab, our commitment to your satisfaction is backed by a guarantee. If for any reason you’re not completely satisfied, we’ll refund your eligible fee or commission and work with you to make things right.**

Common Questions

There is no minimum investment needed to open a brokerage account.

There are no fees to open and maintain a Schwab account.

We believe every investor deserves to work with a firm they can count on. At Schwab, our commitment to your satisfaction is backed by a guarantee. If for any reason you're not completely satisfied, we'll refund your eligible fee or commission and work with you to make things right.** You won't find that kind of promise everywhere—but you will find it here.

No, as long as you place the trade yourself, you do not have to pay the "broker-assisted trade" fee.

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Take the next step.

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