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Trading

Computer screen reading $4.95 Online Equity Trades + $0.65 Option Per Contract
Schwab Trading Services

Welcome to the better place for traders.

  • $4.95 online equity trades1
  • Our best trading tools and platforms
  • Support from trading specialists
  • #1 for Self-Directed Investing by J.D. Power
Get started
Schwab Trading Services

Special Offer: Get 500 commission-free online equity and options trades good for two years.

Earn your free trades with a qualifying net deposit of $100,000 (cash or securities) in a Schwab account. Get free trades >

No one is lower than Schwab among E*TRADE, Fidelity, TD Ameritrade, or Vanguard.

Stocks $4.95

per online trade1

Options $0.65

per contract2, plus $4.95 base1

ETFs $0

Online Commission
from Schwab ETF OneSource™3

Futures $1.50

per contract4

In addition to our low fees, you can also get potential savings with Schwab's award-winning order execution.

See how our pricing compares >

Trade smarter with powerful and intuitive trading platforms.

Find, analyze, and act on opportunities with Schwab's innovative trading tools. Enjoy the convenience of web trading via Schwab.com and the Schwab Mobile app, or take advantage of our most advanced desktop platform, StreetSmart Edge.

See our tools and platforms in action with a demo custom-tailored to your trading style.

View our interactive demo

Enhance your trading with premium tools for every step of the trade.

idea hub

Quickly identify your next big idea

  • Custom screeners scan the market based on what is trending for your specific criteria.
  • Idea Hub® explores options trade ideas based on sentiment and strategy.
schwab equity rating

Get a second opinion on trade opportunities

  • Schwab Equity Ratings® provide exclusive A-B-C-D-F scores on nearly 3,000 U.S. stocks.
  • The Trade & Probability Calculator runs risk-vs.-reward scenarios.
  • Research tools from Schwab and third parties are built into the platform.
intuative trade ticketing tool

Enter orders with ease using our intuitive trade ticket

  • All-In-One Trade Ticket makes it easy to trade stocks, ETFs, and options in a single order entry window.
  • Real-time and streaming data keeps you informed of the latest price moves.
gain/loss analyzer

Sharpen your trading skills and your timing

  • Exclusive Gain/Loss Analyzer helps you analyze your past trading performance to see what you're doing well and where you can do better.
  • Custom alerts and conditional orders help time your trades according to your strategy.
Trade tab tool

Options and futures traders: Power your strategies with specialized tools and support.

  • Cutting-edge tools for trading options and futures
  • Support from derivatives specialists
  • Some of the lowest pricing in the industry

Leverage Schwab's expertise for trade support and knowledge building.

trade support specialist

24/7 support from trading specialists

Our U.S.-based, licensed professionals are ready to talk trading, provide real-time trade analysis, and more.

trade expert insight

Trader education and expert insights

Grow your skills or learn new ones with Schwab's online learning center plus local and virtual workshops, and hear from our experts with Schwab Live Daily broadcasts.

4.6 stars

4.6 out of 5 Client Rating for Schwab Trading Services among 1,678 client reviews

  • #1 for Self-Directed Investing
    by J.D. Power

  • #1 Broker Overall ranking
    by Investor's Business Daily

  • "Best in Class" Overall ranking
    by StockBrokers.com

Ready to start trading?

No account fees or minimum deposit required

Open an account

Get 500 commission-free online equity and options trades good for two years.

Earn your free trades with a qualifying net deposit of $100,000 (cash or securities).

Get free trades

Have questions? We're here to help.

1. Restrictions apply: The standard online $4.95 commission does not apply to foreign stock transactions, large block transactions requiring special handling, 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. See the Charles Schwab Pricing Guide for Individual Investors for full fee and commission schedules. Employee equity compensation transactions are subject to separate commission schedules. Multiple leg options strategies will involve multiple commissions.

2. Multiple leg options strategies will involve multiple commissions. Options carry a high level of risk and are not suitable for all investors. Certain requirements must be met to trade options through Schwab. Please read the options disclosure document titled Characteristics and Risks of Standardized Options. Supporting documentation for any claims or statistical information is available upon request.

3. 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 the pricing guide for additional information. Third-party Schwab ETF OneSource shares purchased may not be immediately marginable at Schwab.

4. Futures trading offered and positions held through Charles Schwab Futures, Inc., a separate but affiliated company of Charles Schwab & Co., Inc. Both are subsidiaries of The Charles Schwab Corporation. Futures trading involves substantial risk and is not suitable for all investors. Please read Risk Disclosure Statement for Futures and Options.

Third-party Schwab ETF OneSource shares purchased may not be immediately marginable at Schwab.

Schwab ETFs™ are distributed by SEI Investments Distribution Co. (SIDCO). SIDCO is not affiliated with The Charles Schwab Corporation or any of its affiliates.

Schwab Trading Services 500 Commission-Free Trades Promotion

Terms and Conditions

With a qualifying net deposit of $100,000, earn 500 commission-free online trades.

Offer valid for individuals who make a qualifying net deposit into a Charles Schwab & Co. Inc. ("Schwab") retail brokerage account within 45 days of enrollment in the offer. Net deposits are assets deposited into the enrolled account minus assets withdrawn from the account and transferred out of Schwab. Only assets new to Schwab qualify; assets transferred from affiliates other than Schwab Retirement Plan Services, Inc. and Schwab Retirement Plan Services Company are excluded. The trades will be credited to the enrolled account within approximately one week of confirmation of your qualifying net deposit. Trades apply only to base equity, exchange-traded fund (ETF), and options commissions and options per-contract fees up to 20 contracts per trade (standard per-contract fees apply for additional contracts). Foreign transaction, exchange, and regulatory fees still apply. Only trades placed through Schwab.com, Schwab trading platforms, and Schwab Wireless are eligible. Trades will expire 730 days after being credited to your account and will not be applied to previously executed trades. No credit will be given for unexecuted trades.

Schwab reserves the right to change the offer terms or terminate the offer at any time without notice. This offer is limited to one per account, with no more than one account enrolled per client. No more than 500 trades per client may be received pursuant to all promotional offers in any 12-month period. This offer does not apply to brokerage accounts managed by independent investment advisors or enrolled in an advisory service, the Schwab Global Account™, ERISA-covered retirement plans, certain tax-qualified retirement plans and accounts, or education savings accounts. This offer is not transferable, saleable, or valid in conjunction with any other offer and is available to U.S. residents only. Employees, contractors, or persons similarly associated with Schwab or a Schwab affiliate; or their spouses; and employees of any securities regulatory organization or exchange are not eligible. Other restrictions may apply. Recent IRS guidance may impact your ability to make more than one IRA to IRA rollover in a one-year period. Any taxes related to the offer are your responsibility.

Investors should consider carefully information contained in the prospectus, including investment objectives, risks, charges, and expenses. You can obtain a prospectus by calling 800-435-4000. Please read the prospectus carefully before investing.

Exchange Traded Funds 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.

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.

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 Publishing Guidelines 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 1/1/2013 to 1/3/2019, 4,081 reviews were submitted, 3,401 were accepted, and 680 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.

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 ratingsandreviews@schwab.com.

Information about third-party ratings

Charles Schwab received the highest numerical score in the DIY segment of the J.D. Power 2019 Self-Directed Investor Satisfaction Study of investors' satisfaction who use self-directed investment firms. Visit jdpower.com/awards.

Credit Notice: From Investor's Business Daily, January 28, 2019, ©2019 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 2,762 visitors to the IBD website between November and December 2018. Those individuals were asked to name and rate their primary online broker. Limiting data analysis to only those firms that were cited by 200 or more participants, six online brokers were ranked based on Customer Experience Index scores for fourteen separate attributes. For further information on how the ratings were calculated, see IBD's Criteria and Methodology.

StockBrokers.com: "2019 Online Broker Review," published February 19, 2019. Participation in the review is voluntary; a total of 16 online brokers submitted themselves for ranking for the 2019 review. The Online Broker Review assesses participating online brokers on 284 variables across nine categories: Commissions & Fees, Customer Service, Platforms & Tools, Research, Ease-of-Use, Offering of Investments, Education, Mobile Trading, and Banking. All categories, with the exception of "Banking," are factored in to the overall ranking. Star ratings are out of five possible stars and are based on a calculation that combines the variable assessment with an opinion score from 1-10 with 10 "very good" in StockBrokers.com's opinion. Best in Class are online brokers who have placed within the Top 5 for a category. Industry Awards are awarded based on the opinions of StockBrokers.com's research team. Read our 2019 Review. For further information on how the ratings were calculated, see StockBrokers.com's "How We Test".