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.

  • You’ll pay $0 online commission to trade listed stocks and ETFs

    Listed Stocks and ETFs

    Online commission1,2

  • You’ll pay $0 online base commission plus sixty-five cents per contract to trade options.

    Options

    Online base commission + $0.65 per contract fee3

  • You’ll pay $0 to trade any of the thousands of mutual funds from Schwab Mutual Fund OneSource.

    Mutual Funds

    Thousands of funds from Schwab Mutual Fund OneSource®4

Even more price reductions are coming.

As a TD Ameritrade client, you're already benefiting from improved reorganization event fees, check copying fees, stop payment fees, and mutual fund transaction 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
  • Domestic online wire fees
  • 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 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.

4. Please be aware that transaction fees may apply to certain no-load funds that do not participate in our Mutual Fund OneSource service or any of its affiliates. Such funds are subject to Schwab's standard transaction fees, in addition to any redemption fees imposed by the fund. Get more details about Schwab Mutual Funds.

All investing involves risks, including loss of principal. Each individual investor should consider these risks carefully before investing in a particular security or strategy.

The Charles Schwab Corporation ("Charles Schwab") 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, offers investment services and products, including the Schwab One® brokerage account. 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.

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. 

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