What do I get with this account?
In addition to the ability to easily trade stocks, bonds, mutual funds, and other financial products,2 when you open a brokerage account with Charles Schwab, you'll get:
- One-on-one consultations to help you plan, diversify, and identify opportunities.3
- Online brokerage education courses and seminars covering investing strategies.
- Easy account management from the convenience of the Schwab mobile app.4
- 24/7 service from our call center and support from one of our 300 local branches.
A full-service experience without the full-service price.
With a Schwab brokerage account, you’ll have low brokerage fees and minimums:
- No fee to open and maintain your account. Other charges may apply.1
- Low minimum deposit of $1,000 (waived with automatic $100 monthly deposits).5
- $6.95 online equity trades, regardless of account balance, how often you trade, or how many shares you trade. Restrictions apply.6
Quick answers to related questions
Have questions about this account? Here are responses to some of the most common questions we hear. If you have a specific question, please call us at 800-540-6718.
What is a brokerage account?
A brokerage account is an arrangement between you and a licensed brokerage firm. Once your account is set up, you can deposit funds and place investment orders through the brokerage, and the transactions will be carried out on your behalf. You have the freedom to invest in whatever you choose—stocks, bonds, mutual funds, and more—as you own all the assets in your brokerage account.
What do I need to open a brokerage account?
When you open a brokerage account, you’ll need to have some personal information ready, such as your Social Security number, driver’s license, employer information, and statement information for any assets or cash you want to transfer. At Schwab, we make it easy to apply for a brokerage account online or by mail, and are always available to answer your questions at 866-232-9890.
How do I fund my account?
There are several ways you can make a deposit into a brokerage account. With Schwab, you can:
- Transfer funds or assets from an external account.
- Request a wire transfer from another financial institution.
- Deposit a check by mail or in person at your local Schwab branch.
What is the difference between a margin account and a cash account?
A margin account allows you to borrow against your eligible securities and can be helpful when you need to buy more securities, take advantage of timely market opportunities, or give yourself a source of overdraft protection. However, margin borrowing is not for everyone, and you should consider all risks and limitations before selecting this option. Learn everything you need to know about margin loans with The Schwab Guide to Margin.
A cash account only allows you to use the cash that you deposited to buy stocks, bonds, mutual funds, or other investments. This type of account presents less market risk as you are only investing assets that you already have, but can be more limiting when timely opportunities or emergencies arise.
Ready to get started?
Here’s what you’ll need:
- Social Security number(s)
- Driver’s license information
- Employer’s name and address (if applicable)
- Statement information for assets or cash you may want to transfer
Need help? Call 866-232-9890.