$4.95 Online Equity Trades1
We believe you should know what you are paying for and never overpay.
At just $4.95 for online equity trades, no one is lower than Schwab† including: E*TRADE, Fidelity, Scottrade, TD Ameritrade, and Vanguard. In addition, Schwab’s commitment to your satisfaction is backed by a Satisfaction Guarantee.2 If for any reason you’re not completely satisfied, we’ll refund your fee or commission and work with you to make things right. You won’t find this kind of promise everywhere — but you will find it here.
|Online Equity Trades||$4.95
||$6.95||$4.95||$7.00||$6.95||$7 - $20 depending on number of trades.|
|Options per contract, plus base commission||$0.65||$0.75||$0.65||$0.70||$0.75||$1.00|
|Rated #1 for Customer Service by Investor's Business Daily3||Yes||No||No||No||No||No|
Competitor firm information is standard pricing obtained from their respective websites as of 3/13/17. Competitor pricing and offers subject to change without notice.
1. Restrictions apply: The $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. If you are not completely satisfied for any reason, at your request Charles Schwab & Co., Inc. (“Schwab”) or Charles Schwab Bank (“Schwab Bank”), as applicable, will refund any eligible fee related to your concern within the required timeframes. Schwab reserves the right to change or terminate the guarantee at any time. Go to schwab.com/satisfaction to learn what’s included and how it works.
3. Credit Notice: From Investor’s Business Daily, January 25, 2016, ©2016 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, 13 online brokers were ranked based on Customer Experience Index scores for 11 separate attributes.
†Among major brokerage firms with at least $150 B in Assets under management as of 3/1/2017.
Program Fees are calculated as a percentage of eligible assets in Participating Service accounts. For more information about Program Fees, please see the disclosure brochure for the Participating Service, made available at enrollment or any time at your request. The Connection service includes only accounts managed by investment advisors affiliated with Schwab: Windhaven Investment Management, Inc., ThomasPartners, Inc., and Charles Schwab Investment Management, Inc. The guarantee does not cover Program Fees for accounts managed by investment advisors who are not affiliated with Schwab or managed by Schwab-affiliated advisors outside of the SPC, SMP, SIA and Connection services.
The guarantee is only available to current clients. Refunds will only be applied to the account charged and will be credited within approximately four weeks of a valid request. No other charges or expenses, and no market losses will be refunded. Other restrictions may apply. Schwab reserves the right to change or terminate the guarantee at any time.
Investors should consider carefully information contained in the prospectus, including investment objectives, risks, charges, and expenses. You can request a prospectus by calling Schwab at 800-435-4000. Please read the prospectus carefully before investing.
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. Shares are bought and sold at market price, which may be higher or lower than the net asset value (NAV).
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 before considering any option transaction.