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

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$0.0005 to 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 
  • 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. Competitor firm pricing information obtained from their respective websites as of August 5th, 2022. Competitor pricing and offers subject to change without notice.

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