Schwab is a great choice for active traders. Get our most advanced and intuitive tools, extensive trading education, support from dedicated specialists, and more. Just open a Schwab brokerage account from this page to be enrolled in Trading Services.
What do I get with Trading Services?
What are the fees and commissions?
The fees and commissions associated with Schwab Trading Services are the same as other Schwab accounts:
- Service fees: $01
- Account minimum: $1,000
- Commissions: $8.95 per online equity trade;2 $0 per Schwab ETF online trade in your Schwab account3
- Low Margin Rates—Get competitive rates from Schwab. Borrow against the securities in your portfolio and increase your buying power.
To be enrolled in Trading Services, open an account online using the ‘Apply now’ button on this page or call us.
Already a client? Log in to enroll an existing Schwab brokerage account online.
See client reviews
Ready to bring your trading to Schwab?
Get 500 commission-free online equity and options trades for an entire year.
Need Help? Call
888-245-6864 to speak to a dedicated Trading Services on-boarding services representative.
Take the next step
Apply Now or call 888-245-6864 to speak to a dedicated Trading Services on-boarding services representative.
1. There are no fees to open or maintain your account. Other fees may apply; please see pricing details.
2. 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 for details. Employee equity compensation transactions are subject to separate commission schedules.
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Information about Clients Speak™, Ratings and Reviews by Schwab clients
Ratings and reviews are submitted by clients voluntarily and are screened for acceptance in accordance with the Publishing Guidelines prior to publication. Please see the for details regarding which reviews are published.
The average rating scores are based on published reviews for the indicated account(s) and services and do not incorporate ratings and reviews that do not satisfy the Publishing Guidelines. Ratings and reviews are added continuously and average ratings are updated dynamically as reviews are added or removed. During the period from 1/1/2011 to 1/27/2015, 3,261 reviews were submitted, 2,591 were accepted, and 670 were not accepted for publication in accordance with the Publishing Guidelines. Sorting of reviews by "Featured Reviews" first shows reviews selected by Charles Schwab & Co., Inc. and Schwab Bank based on subjective criteria deemed relevant at the time of selection including marketing priorities.
Ratings and opinions expressed by clients are not meant to suggest future performance or the suitability of any account type, product, or service for any particular client and may not be representative of the experience of other clients. Charles Schwab & Co., Inc. and Schwab Bank cannot guarantee the accuracy of the information included in client reviews. Ratings and Reviews are powered by Bazaarvoice, a 3rd party vendor not affiliated with Charles Schwab & Co., Inc. or Schwab Bank.
If you have additional questions or concerns about Ratings & Reviews or would like to verify its authenticity, please contact a Schwab representative at either 800-435-4000, the phone number on your statement, or by email at firstname.lastname@example.org.
4. Credit Notice: From Investor's Business Daily, January 26,2015, ©2015 Investor's Business Daily, Inc. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited. Results based on an Investor's Business Daily ("IBD") and TechnoMetrica survey of 10,480 visitors to the IBD website between October and December 2014. Those individuals were asked to name and rate their primary online broker. Limiting data analysis to only those firms that were cited by 100 or more participants, thirteen online brokers were ranked based on Customer Experience Index scores for eleven separate attributes. For further information on how the ratings were calculated, see IBD's Criteria and Methodology.
Options carry a high level of risk and are not suitable for all investors. Certain requirements must be met to trade options.. Multiple-leg options strategies will involve multiple commissions. Please read the Options Disclosure Document titled before considering any option transaction.
Schwab Trading Services includes access to StreetSmart® trading platforms, the Schwab Trading Community, and priority access to Schwab trading specialists. Call 888-245-6864 to request access (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. Access to electronic services may be limited or unavailable during periods of peak demand, market volatility, systems upgrades or maintenance, or for other reasons.
Charles Schwab & Co., Inc. ("Schwab") (Member SIPC) and optionsXpress, Inc. ("optionsXpress") (Member SIPC) are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation.
Schwab Trading Services is rated
Rated 2 out of
Trading fees/commissions aren't competitive...period.
Schwab's promotions (i.e. 500 free trades, when funding a new account etc.) are a joke, as any serious trader will end up giving up and back any savings by paying exorbitant commissions after the 500 trades. Schwab will try and justify the commissions and deflect the issue by touting the services they offer.
Services are generally fair. Schwab could cut down on their overhead by eliminating the weekend personnel who offer realistically nothing more than an answering service referral to the regular active traders Monday-Friday.
Fine for mutual funds, but not a trader's broker for stocks and options etc.
Advice to Schwab....initiate competitive trading commissions and fees!
Date published: 2015-12-17
Rated 5 out of
Trading Stocks and Options
I have been trading with Charles Schwab for over thirty years. Over those thirty years, I have seen vast improvements to their processes and nice decreases in cost of trading. Their product, StreetInsider.com is great for getting up-to-the-second bid/ask prices and easy and quick trading buttons.
I also enjoy how easy it is to move funds between the different accounts that I have with Charles Schwab Bank and my brokerage accounts.
Lastly, I enjoy the free on-line bill payment feature of my checking account at Charles Schwab Bank. I have bank accounts at other banks and none offer all the features and benefits that I get from Charles Schwab Bank.
Date published: 2012-10-11
Rated 5 out of
Watchlist Share Prices
I am an active trader with a little over a year's experience in trading stocks. I conduct research on the website easily by using the charts and fundamentals information provided on each company. During any given day I can be seen shuffling between my accounts, the current news, charts, and company information, and the up to date, current to the minute watch list. The current share prices on the watch list are extremely helpful when I want to get an overview of all my stocks, or when I am getting ready to buy or sell stocks. I never have to hit the "refresh" button on the watch list and I am very thankful for that!!!
Date published: 2013-09-11
Rated 5 out of
The best thing about trading with Schwab is the help offered by your active trading team. I am a young professional (3 years out of gradschool), and am only now coming into the point where I have disposable income to invest. I am getting into options, spreads, etc. Which for a first time investor can become very complicated very quickly. I have called in a number of times to discuss trades and strategies and the mechanics of options, and each and every time i have had my questions answered. However, above and beyond just answering the questions, the Schwab representatives have been able to explain the answer to me in a way that I could grasp.
Date published: 2012-10-17
Rated 5 out of
Schwab has offered a lot of excellent information and tools and I have taken advantage of a very limited number of these. I have used the street smart edge trading tool a little, but for what I'm doing, or trying to do, it is a little overdoing it. Like many other people, I'm having a hard time figuring out a good investing approach right now. At present I'm just trying not to lose money, now at 60% cash, and trying to find some things going up short term. I'm trading a lot more than I would prefer. I hope and expect that when some of the major economic issues in the world settle down that volatility will recede and it will be easier to find a reasonable investing/trading approach.
Date published: 2012-10-10
Rated 4 out of
On-Line Representative Service
I am new to option trading and in the process of learning. Accordingly I needed assistance to become accustomed and to work with the Schwab system. After doing some advance reading and working out several actions, I called for on-line representative assistance to talk through the process, the Schwab trading directions and to walk with me through placing a trade. I did this several times using selling puts and then covered calls with and with out having the stocks in my account and making purchase at the same time as selling the call. Each time the Schwab representative was knowledgable, could work with the differences associated with my MAC computer and was patient with both the slowness of my operational skills and lack of understanding. In the end I accomplished the desired trades and even made some money.
Date published: 2012-10-18
Rated 3 out of
Basically, SSPro gets the job done. Lots of inconsistencies with data, and some mind boggling shortcomings, but essentially okay. Trade execution process is very slow - Schwab is just slow. Trades executed on SSPro through ARCA execute much faster.
It's hard to believe that Schwab bought SSpro from Cybertrader 12 years ago for almost $400 million and that Schwab has made so few improvements. StreetSmartEdge is totally useless and was designed by amateurs trying to be clever rather than people who understand business requirements. If I am forced to use StreetSmart Edge in the future, I will leave Schwab and transfer to y other accounts.
Date published: 2012-10-11
Rated 5 out of
Experience with Schwab
I am a beginner at investing and trading. I am just now getting my feet wet.
My experience with Schwab in general has been very positive. Any time I decide to trade something and have a question, I call and the persons I talk to are always very helpful and friendly and help me do the trade the best and easiest form possible. I have absolutely no complaints about your service in general and when I have any problem with your trading software (SSE), I just need to call someone and my problem is immediately solved. They are all very knowledgeable in what they do and this is very comforting indeed.
I have nothing but good things to say about you guys.
Best regards, Beto
Date published: 2012-10-13