Low costs and great service shouldn't be a tradeoff.
See how Schwab compares.
Pricing: US$0 commissions on online equity trades
- Schwab
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Merrill (Bank of America Corporation)
- HSBC
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Interactive Brokers (IBKR PRO)
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Online equity trade price structure>SchwabOne flat fee>for all trade sizesMerrill(Bank of America Corporation)One flat fee>for all trade sizesHSBCOne flat fee>for all trade sizesInteractive Brokers(IBKR PRO)Fee decreases>with trade size
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Online equity trade commission>SchwabUS$0>per trade1Merrill(Bank of America Corporation)US$0>per tradeHSBCUS$24.95>per tradeInteractive Brokers(IBKR PRO)US$0.0035 per share>(for <=300K shares/month)Minimum US$0.35 per tradeMaximum 1% of trade value
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Monthly account maintenance fee>SchwabUS$0>Merrill(Bank of America Corporation)US$0>HSBCUS$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)
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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
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Merrill(Bank of America Corporation)
- HSBC
- Interactive Brokers(IBKR PRO)
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If you buy 2,500 shares of a U.S.-based stock, then sell them a year later.>SchwabUS$0>Merrill(Bank of America Corporation)US$0>HSBCUS$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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Start investing in the U.S. today.
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Mailing address
Send applications, deposits, and other materials to:
Charles Schwab & Co., Inc.
Attn: International Operations
1945 Northwestern Drive
El Paso, TX 79912-1108, USA