Expect low prices at Schwab.

From day one Schwab has helped lead the way in offering greater value for investors by driving down costs. And that continues, as most TD Ameritrade clients will experience pricing that is the same or better when they move to Schwab.

Explore our low commissions.

  • 您將支付 $0 美元網上期權交易基本佣金,每份期權合約另收取$0.65美元。

    Listed Stocks and ETFs

    Online commission1,2

  • 您將支付 $0 美元網上期權交易基本佣金,每份期權合約另收取$0.65美元。

    Options

    Online base commission + $0.65 per contract fee3


Even more price reductions are coming.

As a TD Ameritrade client, you're already benefiting from improved reorganization event fees, check copying fees, and stop payment fees. But when your account moves to Schwab, the low costs you're used to are just the beginning. 

By leveraging the combined strength of both companies, we'll be able to offer you more value and more price improvements:

  • TD Ameritrade
  • Schwab
  • Mandatory corporate actions/reorganization events 
  • TD Ameritrade
    $38
  • Schwab
    $0
  • Paper charges (statements, confirmations, duplicates, etc.)
  • TD Ameritrade
    $2-$5/item
  • Schwab
    $0
  • Physical stock certificates
  • TD Ameritrade
    $500
  • Schwab
    $100
  • Fees for outbound online wires within U.S.
  • TD Ameritrade
    $25
  • Schwab
    $15
  • Broker-assisted fixed income trading fee
  • TD Ameritrade
    0.5%-1% of principal on a net yield basis
  • Schwab
    $10 min/$250 max
  • Alternative investments custody fee
  • TD Ameritrade
    Per position fee with no cap (per account/year)
  • Schwab
    Same per position fee with $500 max (per account/year)

Brokerage Products: Not FDIC Insured • No Bank Guarantee • May Lose Value

1. Standard online $0 commission does not apply to over-the-counter (OTC) equities, transaction-fee offshore mutual funds, futures, fixed-income investments, or trades placed directly on a foreign exchange or in the Canadian market. Options trades will be subject to the standard $0.65 per-contract fee. Service charges apply for trades placed through a broker ($25) or by automated phone ($5). Exchange process, ADR, and Stock Borrow fees still apply. See the Charles Schwab Pricing Guide for Individual Investors for full fee and commission schedules.

2. ETFs at Charles Schwab & Co., Inc. ("Schwab") which are U.S. exchange-listed can be traded without a commission on buy and sell transactions made online in a Schwab account. Unlisted ETFs are subject to a commission. Please see pricing guide for additional information. Schwab does not receive payment to promote any particular ETF to its customers. Schwab's affiliate Charles Schwab Investment Management, Inc. ("CSIM") serves as investment advisor to the Schwab ETFs, which compensate CSIM out of the applicable operating expense ratios. The amount of the fees is disclosed in the prospectus of each ETF.

3. Please see the Charles Schwab Pricing Guide for detailed information on equity and options commissions. 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 before considering any options transaction. Supporting documentation for any claims or statistical information is available upon request.

TD Ameritrade, Inc., member FINRA/SIPC, is a subsidiary of The Charles Schwab Corporation. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. 

Not all products, services, or investments are available in all countries. Nothing on this website is intended for residents of a particular country, nor is the information provided an offer to sell or a solicitation of an offer to buy securities, products or services, by any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation. 

Investing in U.S. securities is not without risk. 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.

The Charles Schwab Corporation provides a full range of brokerage, banking and financial advisory services through its operating subsidiaries. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. ("Schwab") (Member SIPC), is registered by the Securities and Exchange Commission ("SEC") in the United States of America and offers investment services and products, including Schwab brokerage accounts, governed by U.S. state law. Schwab is not registered in any other jurisdiction. Neither Schwab nor the products and services it offers may be registered in your jurisdiction. Its banking subsidiary Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender) provides deposit and lending services and products. Access to Electronic Services may be limited or unavailable during periods of peak demand, market volatility, systems upgrade, maintenance, or for other reasons.

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