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See how Schwab compares.

Pricing: US$0 commissions on online listed 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 listed 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) down to US$0.0005 per share (for >100M 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
  • 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 listed 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. This calculation is based solely on trading commissions. Competitor firm pricing information obtained from their respective websites as of April 29th, 2026. Competitor pricing and offers subject to change without notice.

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