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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.

  • $0 online stock and ETF commissions1
  • $0 online options trades1 plus $0.65 per contract2
  • Specialized tools and support for traders
  • Rated a Best Broker by Investor's Business Daily
Get started
Schwab Trading Services

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

Stocks $0

online commission1

Options $0

online commission1,
plus $0.65 per contract2

ETFs $0

online commission1

Futures $1.50

per contract3

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.

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 1,634 client reviews

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

  • Rated a Best Broker
    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

Have questions? We're here to help.

1. The standard online $0 commission does not apply to large block transactions requiring special handling, restricted stock transactions, trades placed directly on a foreign exchange, transaction-fee mutual funds, futures, or fixed income investments. Options trades will be subject to the standard $.65 per-contract fee. Service charges apply for trades placed through a broker ($25) or by automated phone ($5). Exchange process, ADR, foreign transaction fees for trades placed on the US OTC market, and Stock Borrow fees still apply. See the Charles Schwab Pricing Guide for Individual Investors for full fee and commission schedules.

2. Multiple leg online option orders such as spreads, straddles, combos and rollouts are charged $0.65 per contract fees for the total number of option contracts. For Broker Assisted Options Commissions, add $25 to the Online Options Commission. Complex option orders involving both an equity and an option leg, including Buy/Writes or Write/Unwinds are charged per contract fees for the option.

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.

Futures trading carries a high level of risk and is not suitable for all investors. Certain requirements must be met to trade futures. Please read the Risk Disclosure Statement for Futures and Options before considering any futures transactions.  Futures accounts are not protected by SIPC. For additional information on account protection at Schwab, please click here.

Execution quality metrics such as price improvement, average execution speed, and average savings per order are based on performance for market orders in S&P 500 stocks with order size between 500-1,999 shares. Past performance is no assurance of future results.

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 and Schwab trading specialists (a Schwab brokerage account is required). There are no fees to use Schwab Trading Services. Other accounts fees, optional data fees, fund expenses and transaction charges may apply. Schwab reserves the right to restrict or modify access at any time. 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 1/1/2014 to 12/31/2019, 4,113 reviews were submitted, 3,556 were accepted, and 557 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 2019-2020 U.S. Self-Directed Investor Satisfaction Studies of investors’ satisfaction who use self-directed investment firms. Visit jdpower.com/awards

Credit Notice: From Investor's Business Daily, January 27, 2020, ©2020 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.

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".