Stocks
Trade listed U.S. stocks on our StreetSmart platforms or Schwab.com for a flat 8.95† commission per trade. You can also trade Over the Counter Bulletin Board (OTCBB) and some pink sheet securities online.
Standard Markets
Place orders anytime to be executed from 9:30 a.m. to 4:00 p.m. EST. Trading exchanges include NYSE, Euronext, AMEX, NASDAQ, and some regionals.
After Hours Trading
Place stock trading orders pre-market between 8:05pm (previous trading day) and 9:25 a.m. ET for execution between 8:00a.m. and 9:25 a.m. ET. Or place orders post-market between 4:05 p.m. and 8:00 p.m. ET for execution between 4:15 p.m. and 8:00 p.m. ET.
Order Execution
Whether you’re trading stocks or other listed securities, Schwab is committed to delivering the speed and access to liquidity needed to provide you with high-quality executions.
See how a high-quality execution can make all the difference in terms of profitability on a trade:
- Price Improvement- Intelligent order routing seeks the best price for your orders.
- Speed - Get fast, high-quality fills on your orders with SmartEx technology.
- Liquidity - Take advantage of UBS Securities LLC’s deep liquidity pool.
- Transparency - View into the markets using Schwab’s trading platforms.
Looking to try out Schwab's trading platforms? Get full access by opening an account with as little as a $1,000 deposit
Apply online, then call 888-245-6864.
It's the best way to see if Schwab is the right place for your trading.
Intelligent order routing gets you a better price
Learn how our processes create a better trading experience for you:
- Schwab works closely with UBS Securities LLC to ensure orders receive high-quality executions.
- UBS-proprietary, intelligent order-routing technology automatically seeks out the best price for your order, even targeting quotes at a number of exchanges until the order is filled.
See how Schwab’s ability to price-improve client orders stacks up with market makers.
†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.
Free trades expire 180 days after account approval, up to 250 trades total. Applies to base online equity, ETF, and option commissions only. Option per-contract and foreign transaction fees still apply. To qualify, deposit $50,000. Other commission-free trade offers may be available if you deposit less than $50,000 -- call 888-245-6864 for terms. Commission-free trades will be assigned following determination of eligibility by Schwab. Account and assets deposited must be new to Schwab. Assets transferred from optionsXpress, Inc. or other Schwab affiliates are excluded. Current Schwab clients and households are not eligible. Offer valid until 06/30/2013. Offer is nontransferable, limited to one per household, and may not be combined with other offers. Accounts ineligible for this offer include, without limitation: 401(k), 403(b), Custodial, 529 Plan and Estate accounts. Only trades placed through Schwab.com, Schwab trading platform applications and Schwab Wireless are eligible for free trades. No credit will be given for unexecuted trades. Domestic, nonprofessional accounts only. Schwab, Schwab-affiliated, broker-dealer and exchange employees are not eligible. Other exceptions may apply. Schwab reserves the right to restrict this offer at any time.
Schwab's StreetSmart tools and priority access to trading support are available for Schwab Active Trading services clients. To qualify as a Schwab Active Trading services client, you must commit to making a minimum of 36 online equity or options trades per year in a Schwab brokerage account. Call 888-245-6864 to qualify. A minimum $1,000 deposit is required to open a Schwab brokerage account. This offer may be changed at any time.
NASDAQ: Applies to Schwab market orders of 100-1999 shares of NASDAQ 100 securities executed on all market venues.
Listed: Applies to Schwab market orders of 100-1999 shares of listed S&P 500 securities executed on all market venues.
Market Maker performance statistics are derived from SEC Rule 605 order execution data files by Thomson Reuters Transaction Analytics, an independent third party vendor that is not affiliated with Charles Schwab. The Market Maker Average represents the volume weighted performance of all market makers posting Rule 605 data Q3, 2012.