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Fees & Commissions

All amounts are in US dollars.

For full details of Fees and Commissions, please see the Charles Schwab Pricing Guide for Individual Investors

Minimum to open an Individual/Joint account: $25,000

Stock Commissions Per Executed Trade (includes Exchange Traded Funds)

Online Trades1 Broker-Assisted
$4.95 $4.95 + $25.00 service charge

Offshore Mutual Fund2 Transaction Fees Per Executed Trade

Some funds may also charge sales and/or redemption fees. Please read the offering documents for details.

Fund Type Broker-Assisted Trades
Offshore Mutual Fund $0
Short-term Redemption Fee3 $49.95

Option4 Commissions Per Executed Trade

Online Trades5 Broker-Assisted Trades
$4.95$0.65 per contract Online pricing + $25.00 service charge
Schedule of Option Exchanges Imposing the Fee Applicable to the Exchange Process Fee
Exchange Fees per Contract (Buys and Sells)
CBOE $0.0081
ISE $0.0039
GEM $0.0010
BOX $0.0038
C2 $0.0015
MIAX $0.0045
MPRL $0.0010
TOTAL $0.0238 per Contract

Fixed Income Pricing Per Executed Trade

Schwab reserves the right to act as principal on any fixed income transaction, public offering or securities transaction. When Schwab acts as agent, a commission will be charged on the transaction. When Schwab acts as principal, the markup is included in the bond price.

  Web Broker-Assisted Trades
New issues, including CDs. Selling concession is included in the offering price.
Treasuries, including Auction and Secondary:
  • Treasury Bonds
  • Treasury Bills
  • Treasury Notes
  • TIPS
$0 Online pricing + $25 per trade service charge 
Other Secondary Trades: CDs, Corporate Bonds, Municipal Bonds, Government Agencies, Zero-coupon Treasuries, including STRIPS and Mortgage-Backed Securities. $1 per bond
$10 minimum / $250 maximum
Online pricing + $25 per trade service charge
Commercial Paper & Foreign Bonds These are specialty products—please contact us for information.
Unit Investment Trusts These are specialty products—please contact us for information.
Preferred Stocks and REITs $4.95 per trade online6
Additional charge of $25 for broker-assisted trades.

Note: Large block transactions (orders of more than 250 bonds) may be available for special handling and/or pricing—please call us for information.

Satisfaction Guarantee

At Schwab, we believe every investor deserves to work with a firm they can count on. Our commitment is backed by a guarantee*. If for any reason you’re not completely satisfied, we’ll refund your fee or commission and work with you to make things right.