An investor stands near his computer

Commission-free trading online. Same award-winning experience.

  • $0 online trades1 + $0.65 per options contract3
  • No account or trade minimums
  • No hidden fees

more information

  • $0

    Listed Stocks and ETFs online commission¹,²

  • $0.65

    Options per contract³ with no online commission¹

  • $2.25

    Futures and Futures Options per contract⁴

In addition to our low fees, Schwab also offers competitive margin rates and a Satisfaction Guarantee5.

What do Schwab traders get along with no-commission trades?

  • Platforms icon

    Powerful and intuitive trading platforms

  • Specialist icon

    24/7 access to licensed trading specialists

  • Award-winning icon

    Award-winning trade reliability

Resources designed for traders, by traders.

  • Free premium research from Schwab and third parties
  • Customizable tools for ideas and analysis
  • Trader education and insights from our education experts
  • Live weekday insights into what’s driving the markets

Plus additional value for every trade with Schwab Order Execution Advantage™.

Obtaining high-quality executions on your orders, whether you're buying or selling shares, may result in real savings.7 See how we improved executed market orders in S&P 500® stocks during the previous quarter.

  • 96.8%

    Price Improvement Tooltip

  • $14.32

    Average Savings Per Order Tooltip

  • 0.03 sec⁸

    Average Execution Speed Tooltip

Common questions

Commissions are fees that a brokerage charges when you buy or sell an investment product like stocks, ETFs, and more.

At Schwab, whether you are a new or existing client, you can trade for $0 online commission when you buy or sell a listed stock or ETF. You can also buy or sell options online for only $0.65 per contract with $0 commission.1

There are no account or trade activity minimums to be eligible for commission-free trading. You do not need to initially fund your account to a certain level nor maintain funding or trading activity at a minimum level to be eligible for commission-free trading. 

This means you can enjoy $0 online commissions1 for eligible products whether you trade 1 or 100 times a month, or whether you have $1 or $1,000,000 in your account.

Commission-free trading for eligible products is available on, all StreetSmart trading platforms, and the Schwab Mobile app.

No. Our goal is to make investing and trading accessible to all. Our clients get the same level of resources and service as they did when Schwab used to charge commission. From our robust education, expert insights, and dedicated support from trading specialists, to premium research and our advanced trading platforms with streaming data, the only thing that's changed is that clients don't pay commission for online trades.1

No. At Schwab, we are continually evaluating our tools and platforms to ensure we are offering you the best trading experience possible. Our commitment to innovation remains the same regardless of commissions.

$0 commissions1 have no effect on trade speed or execution quality. Schwab is committed to providing fast, quality executions with the highest level of transparency related to our performance, process, and practices. Learn more about Schwab Order Execution Advantage™.

An automated phone trade is when you call in and use your phone keypad to enter the order details. A broker assisted trade is when you call in to our broker teams and they place the order on your behalf. A broker assisted trade represents a transfer of risk from you to Schwab in placing the order correctly. While no commission fees apply for eligible products, automated phone trades have a service fee of $5 and broker assisted trades have a service fee of $25.

Clients are always welcome to call in to speak with a broker for assistance at 800-435-9050. There is never a service fee associated with a guided walk through of how to place a trade online.

A trading experience recognized by industry analysts and clients

  • best in class logo

    Ranked "Best in Class" for Trading Platforms and Tools


  • IBD Best Online Brokers logo

    Rated a Best Online Broker for all 10 Years

    by Investor's Business Daily


Have questions? We're here to help.