Low costs and great service shouldn't be a tradeoff.

See how Schwab compares.

Pricing: US$0 commissions on online equity trades

  • Schwab
  • Merrill 
     (Bank of America Corporation)
  • HSBC
  • Interactive Brokers 
    (IBKR PRO)
  • Online equity trade price structure
  • Schwab
    One flat fee 
    for all trade sizes
  • Merrill 
     (Bank of America Corporation)
    One flat fee
    for all trade sizes
  • HSBC
    One flat fee
    for all trade sizes
  • Interactive Brokers 
    (IBKR PRO)
    Fee decreases
    with trade size
  • Online equity trade commission
  • Schwab
    US$0
    per trade1
  • Merrill 
     (Bank of America Corporation)
    US$0
    per trade
  • HSBC
    US$24.95
    per trade
  • Interactive Brokers 
    (IBKR PRO)
    US$0.0035 per share
    (for <=300K shares/month)
    Minimum US$0.35 per trade
    Maximum 1% of trade value
  • Monthly account maintenance fee
  • Schwab
    US$0
  • Merrill 
     (Bank of America Corporation)
    US$0
  • HSBC
    US$0
  • Interactive Brokers 
    (IBKR PRO)
    US$0
    (if monthly commissions are more than US$10 or the client has more than US$100,000 in equity)
  • Satisfaction Guarantee2
  • Schwab
    ✓
  • Merrill 
     (Bank of America Corporation)
    -
  • HSBC
    -
  • Interactive Brokers 
    (IBKR PRO)
    -

What you might expect to pay on a typical online buy and sell stock trade.

  • Schwab
  • Merrill
    (Bank of America Corporation)
  • HSBC
  • Interactive Brokers(IBKR PRO)
  • If you buy 2,500 shares of a U.S.-based stock, then sell them a year later.
  • Schwab
    US$0
  • Merrill
    (Bank of America Corporation)
    US$0
  • HSBC
    US$49.90
  • Interactive Brokers(IBKR PRO)
    US$17.50

All costs displayed are standard online equity trades. Competitor firm pricing information obtained from their respective websites as of 1/7/2020. Competitor pricing and offers subject to change without notice.

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