The good news is that Schwab offers $0 commissions on online trades for listed stocks, ETFs, and options. However, they do charge a $0.65 per contract fee for options trades. If you're trading through a broker, you'll be charged a $25 service fee.
For mutual funds, Schwab has a Mutual Fund OneSource service that offers thousands of funds with no transaction fees. But, if you're trading through a broker, you'll be charged a $25 service fee. And, if you're selling a mutual fund within 90 days of purchase, you'll be charged a $49.95 short-term redemption fee.
It's also worth noting that Schwab has no account minimums and no hidden fees. They also offer a Satisfaction Guarantee, which means that if you're not completely satisfied with their services, they'll refund your eligible fee or commission and work with you to make things right
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Open an accountTrading Fees and Commissions
- Online Trades
- Broker-Assisted Trades
- Listed Stocks and ETFs1,2
- $0 online commission
- $0 + $25 service charge
- Options3,5
- $0 online base commission + $0.65 per contract fee6
- $0.65 per contract + $25 service charge
- Exercised and Assigned Options
- $0 online commission
- $0 commission
- US Over-The-Counter (OTC) Equities1
- $6.95
- $6.95 + $25 service charge
- Schwab Mutual Fund OneSource®4
- $0
- $0 + $25 service charge
- All other mutual funds7
- Up to $74.95 per purchase
- Online pricing + $25 service charge
- Futures8
- $2.25 per contract
- $2.25 per contract
- Futures Options8
- $2.25 per contract
- $2.25 per contract
- Forex8
- $0 online commission; trade costs reflected in the bid/ask spread
- Online pricing
- New issues, including CDs
- Selling concession is included in the offering price
- Selling concession is included in the offering price
- Canadian Securities
(Local exchange & OTC) - $6.95
- $6.95 + $25 service charge
- Foreign stock transactions placed on the U.S. over-the-counter (OTC) market9
- $50 foreign transaction fee
- $75 ($50 foreign transaction fee and a $25 broker assistance fee)
- Foreign stock transactions placed directly on local exchanges
- Not available
- The greater of $100 or 0.75% of principal, with no maximum
- Treasuries, including Auction and Secondary: Treasury Bonds, Treasury Bills, Treasury Notes and TIPS
- $0
- $0 + $25 service charge
- Other Secondary Trades: CDs, Corporate Bonds, Municipal Bonds, Government Agencies, Zero-Coupon Treasuries, including STRIPS
- $1 per bond*$10 minimum$250 maximum*
- Online pricing + $25 service charge
- Commercial Paper, Foreign Bonds, Asset-Backed Securities, Mortgage-Backed Securities, Collateralized Mortgage Obligations, and Unit Investment Trusts
- These are specialty products. Please contact us at 800-626-4600 for information.
- These are specialty products. Please contact us at 800-626-4600 for information.
- Preferred Listed Stocks and REITs1
- $0
- $0 + $25 service charge
