Schwab Trading Pricing
You can expect the low-cost pricing, commissions, and fees you depend on. In fact, most TD Ameritrade clients will experience pricing that is the same or better when they move to Schwab.
Low commissions? Count on it.
Stocks and ETFs
$0 commissions on U.S. exchange-listed stock and ETF online trades.1,2
$0 online base commission + $0.65 per-contract fee.3
$6.95 commission per over-the-counter stock trade.1
$2.25 futures and futures options per contract, plus exchange & regulatory fees.4
Take a closer look at our pricing.
Listed Stocks and ETFs
|Stocks and ETFs Commissions per Executed Trade|
|Options Commissions per Executed Trade|
|Online||$0 base commission, plus $0.65 per-contract fee|
|Automated Phone||$5, plus $0.65 per-contract fee|
|Broker-Assisted||$25, plus $0.65 per-contract fee|
Note: Per-contract fees are waived for buy-to-close options trades executed online for $0.05 or less.
Note: There are no commissions or per-contract fees assessed on transactions resulting from options exercises and assignments.
|U.S. Over-the-Counter (OTC) Equities Commissions per Executed Trade|
|Automated Phone||Online commission plus $5|
|Broker-Assisted||Online commission plus $25|
|Futures and Futures Options Commissions|
|Futures||$2.25 per contract*|
|Futures Options||$2.25 per contract*|
|Broker-Assisted||$2.25 per contract*|
*Note: Commission rates depicted above are quotes on a per-contract, per-side basis. Pricing does not include customary National Futures Association (NFA) and exchange fees. Additional fees may apply at some foreign exchanges. NFA and exchange fees may increase or decrease depending on the rates set by NFA or by the various futures exchanges, as applicable. Additional market data fees may apply at some futures exchanges.
Canadian Stock Transactions
|Canadian Securities (Traded on U.S. exchanges)||$0||$5||$25|
|Canadian Securities (Local exchange & over-the-counter (OTC))||$6.95||Online commission plus $5||Online commission plus $25|
Foreign Stock Transactions
|在美国场外交易市场(OTC)进行的交易*||$50 美元国外交易费用||$55 美元（$5 美元加上 $50 美元国外交易费用）||$75 美元（$25 美元加上 $50 美元国外交易费用）|
|直接在国外交易所交易的外国股票||不提供||不提供||$100 美元或本金的0.75% （以较高者为准），无最高限额|
|Expect low margin interest rates here, too.|
Here's what you need to know:
See all Schwab pricing, trading fees, and minimums.
Additional pricing perks.
Viewing price improvement
Every time you buy or sell, Schwab scans for a better price. Orders are often filled at prices better than the National Best Bid and Offer (NBBO). You'll be able to view any price improvement received for eligible orders in your Order Status on international.schwab.com.
Viewing exchange and regulatory fees
Certain trades will be subject to exchange process fees—similar to regulatory and miscellaneous fees at TD Ameritrade. Schwab charges an exchange process fee to offset fees imposed directly or indirectly by national securities exchanges, self-regulatory organizations, or U.S. option exchanges. You'll see exchange process fees combined into a single charge and clearly noted on your trade confirmations and statements.