Low pricing, no trade minimums, and no platform fees make Schwab Trading Services™ a great value.
per online trade¹
per contract + $8.95 commission on single and multi-leg orders
for nearly 200 ETFs²
Want to see all the details? View Schwab’s full commission schedule.
Even lower pricing may be available for active traders. Call 888-540-0654 for details.
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Equity plus option leg orders (includes Buy/Writes, Sell/Writes, and Unwinds): $0.75 per contract for the option leg, plus $8.95 commission for the equity leg. There is no base commission for the option leg.
Online American Depository Receipt (ADR) trades are $8.95. Online foreign ordinaries trade in OTC markets for $58.95 ($8.95 plus a $50 foreign transaction fee). Get direct access to select foreign markets with a Schwab Global Account™. Countries and pricing vary.
Get competitive rates from Schwab. Borrow against the securities in your portfolio and increase your buying power.
Schwab Trading Services™ includes access to StreetSmart® trading platforms, the Schwab Trading Community, and Schwab trading specialists (a Schwab brokerage account is required). There are no fees to use Schwab Trading Services. Other account fees, optional data fees, fund expenses, and brokerage commissions may apply. Schwab reserves the right to restrict or modify access at any time. Schwab brokerage account online applications that have the "Schwab Trading Services" box checked will automatically be enrolled. For questions, call 888-245-6864 to speak to a Schwab Trading Services representative.
1. Restrictions apply: The $8.95 flat commission does not apply to foreign stock transactions, large block transactions requiring special handling, employer negotiated commission schedules applicable to equity compensation transactions, or restricted stock transactions. Foreign ordinary shares that trade online in the U.S. over-the-counter (OTC) market and do not settle in the U.S. will have a $50 foreign transaction fee added to the cost of the transaction. All broker-assisted and automated phone trades are subject to service charges. A minimum deposit of $1,000 is required to open most Schwab brokerage accounts. Waivers may apply. See the Charles Schwab Pricing Guide for details. Employee equity compensation transactions are subject to separate commission schedules.
Options carry a high level of risk and are not suitable for all investors. Certain requirements must be met to trade options. Covered calls provide downside protection only to the extent of the premium received and limit upside potential to the strike price plus premium received. With long options, investors may lose 100% of funds invested. Multiple-leg options strategies will involve multiple commissions. Please read the Options Disclosure Document titled Characteristics and Risks of Standardized Options before considering any option transaction.
2. Conditions Apply: Trades in ETFs available through Schwab ETF OneSource™ (including Schwab ETFs™) are available without commissions when placed online in a Schwab account. Service charges apply for trade orders placed through a broker ($25) or by automated phone ($5). An exchange processing fee applies to sell transactions. Certain types of Schwab ETF OneSource transactions are not eligible for the commission waiver, such as short sells and buys to cover (not including Schwab ETFs). Schwab reserves the right to change the ETFs we make available without commissions. All ETFs are subject to management fees and expenses. Please see Charles Schwab pricing guide for additional information.
Investors should consider carefully information contained in the prospectus, including investment objectives, risks, charges and expenses. You can request a prospectus by visiting www.schwabetfs.com or calling Schwab at 800-435-4000. Please read the prospectus carefully before investing.
Charles Schwab & Co., Inc. receives remuneration from third-party ETF companies participating in Schwab ETF OneSource™ for record keeping, shareholder services and other administrative services, including program development and maintenance.
Third-party Schwab ETF OneSource shares purchased may not be immediately marginable at Schwab.
Investment returns will fluctuate and are subject to market volatility, so that an investor’s shares, when redeemed or sold, may be worth more or less than their original cost. Unlike mutual funds, shares of ETFs are not individually redeemable directly with the ETF. Shares are bought and sold at market price, which may be higher or lower than the net asset value (NAV).
Schwab ETFs are distributed by SEI Investments Distribution Co. (SIDCO). SIDCO is not affiliated with Charles Schwab & Co., Inc.
The Schwab Equity Ratings and stock lists or models are not personal recommendations for any particular investor; do not take into account the financial, investment or other objectives; and may not be suitable for any particular investor. Before buying, investors should consider whether the investment is suitable for themselves and their portfolio. Additionally, investors should consider any recent market or company news. Stocks can be volatile and entail risk, and individual stocks may not be suitable for an investor.
System availability and response times are subject to market conditions and mobile connection limitations. Trades received outside normal market hours will be entered the next business day.
International investments involve additional risks, which include differences in financial accounting standards, currency fluctuations, geopolitical risk, foreign taxes and regulations, and the potential for illiquid markets. The Schwab Global Account is restricted to certain account types. Only U.S. citizens residing in the United States are eligible.