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.1
U.S. OTC Securities
$6.95 commission per over-the-counter stock trade.1
Futures and Futures Options
$2.25 futures and futures options per contract, plus exchange and regulatory fees.3
$0 commission for forex currency trading. Trade cost is reflected in the bid/ask spread.
Take a closer look at our pricing.
U.S. Listed Stocks and ETFs
|U.S. Listed Stocks and ETF Commissions per Executed Trade|
|Options Commissions per Executed Trade|
$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.
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.
|Forex Currency Commissions|
|Forex Currency||$0 commission|
Forex currency pairs are traded in increments of 10,000 units and there is no commission. The cost of the trade is reflected in the bid/ask spread.
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
Trades placed on the U.S. over-the-counter (OTC) market*
||$50 foreign transaction fee||$55 ($5 plus a $50 foreign transaction fee)||$75 ($25 plus a $50 foreign transaction fee)|
Foreign stock transactions placed directly on a foreign exchange
||Not available||Not available||The greater of $100 or 0.75% of principal, with no maximum|
* Transactions in foreign ordinary shares incur additional custody, clearing and settlement expenses. A foreign transaction fee is added to trades placed on the U.S. over-the-counter market through the online or automated phone channels. The commission and foreign transaction fee will be combined and will appear as one line item, labeled "Commissions," on the trade confirmation.
|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 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.