Overview of Charles Schwab fees and charges

We know that fees are on top of people's mind when selecting a broker. Brokerage fees consist of trading and non-trading fees. The most important trading fees are commission, spread, and financing rate.

  • Commission: it's charged when you execute a trade (either buy or sell). Commissions can be volume-tiered or flat fees. Nowadays, there are many commission-free brokers, click on the following links to check out the best free stockbrokers in the US and the EU.
  • it denotes the difference between the bid and ask price. When you trade forex, spreads can make up a significant part of your trading costs.
  • Financing rate/overnight costs: if you trade on leverage, you may be charged for holding your positions overnight. This cost can be expressed as a percentage or in swap points.
  • Non-trading fees: these occur when you deposit and withdraw funds, or if you don't use your account for a certain period.

Now, let's dive into the details and see what commissions, spreads, and financing rates Charles Schwab charges.

Charles Schwab commission and other fees
Charles Schwab commission and other trading fees

The good news is that Charles Schwab has low trading fees in general. We ranked the fees of Charles Schwab as low, average, or high based on how they compare with all reviewed brokers.

Check out this table to get an overview of whether Charles Schwab commissions, spreads, and financing rates for each asset class are low/average/high.

Classification of Charles Schwab commission and other trading fees
Charles Schwab E*TRADE Firstrade
Stock and ETF Low Low Low
Forex - - -
Fund High High Low
Bond Low Low Low
Options Low Low Low
Futures Average Average -

Now let's go over the trading fees for each asset class one by one.

Charles Schwab stock and ETF commissions, spreads

Charles Schwab stock and ETF commissions are low. Charles Schwab stock and ETF commissions are charged as per the table below.

Charles Schwab stock and ETF commission
Charles Schwab
US stock Free stock and ETF trading

You can compare Charles Schwab stock and ETF fees with the two closest competitors.

Charles Schwab stock and ETF commission, spreads vs competitors
Charles Schwab E*TRADE Firstrade
US stock $0.0 $0.0 $0.0

Stock and ETF commissions are calculated for a $2,000 trade

Charles Schwab fund commissions

Charles Schwab fund commissions are high. The table below shows how Charles Schwab fund commissions are calculated.

Charles Schwab fund commissions
Charles Schwab
Mutual fund $49.5 for buying while selling is free; there are also around 4,000 free mutual funds

Check out how Charles Schwab fund fees compare with the competition.

Charles Schwab fund commissions
Charles Schwab E*TRADE Firstrade
Mutual fund $24.8 $20.0 $0.0

Fund commissions are calculated for a $2,000 trade

Charles Schwab bond commissions

Charles Schwab bond commissions are low. The table below contains the description of Charles Schwab bond commissions.

Charles Schwab bond commissions
Charles Schwab
US Treasury bond $0 for Treasury bonds; $1 per bond for corporate bonds with $10 minimum and $250 maximum

See how Charles Schwab bond fees stack up against the competition.

Charles Schwab bond commissions vs competitors
Charles Schwab E*TRADE Firstrade
US Treasury bond $0.0 $0.0 $0.0

Bond commissions are calculated for a $10,000 trade

Charles Schwab options commissions

You can see below the description of Charles Schwab options commissions. Charles Schwab options fees are low.

Charles Schwab options commissions
Charles Schwab
US stock index options $0.65 per contract
US stock options $0.65 per contract

Compare options commissions charged by Charles Schwab with those of E*TRADE and Firstrade.

Charles Schwab options commissions vs competitors
Charles Schwab E*TRADE Firstrade
US stock index options $6.5 $6.5 $0.0
US stock options $6.5 $6.5 $0.0

Options commissions are calculated for 10 contracts

Charles Schwab futures commissions

You can see below how Charles Schwab futures commissions are charged. Charles Schwab futures fees are average.

Charles Schwab futures commissions
Charles Schwab
US micro e-mini stock index futures $1.5 per contract

Compare how the futures commissions of Charles Schwab stack up against those of E*TRADE and Firstrade.

Charles Schwab futures commissions vs competitors
Charles Schwab E*TRADE Firstrade
US micro e-mini stock index futures $15.0 $15.0 -

Futures commissions are calculated for 10 contracts

Charles Schwab commission and other fees
Charles Schwab non-trading fees

In addition to trading fees, it's important to see if Charles Schwab charges a fee on deposits, withdrawals, account maintenance, and inactivity. We compared these fees levied by Charles Schwab with its two closest competitors.

Charles Schwab non-trading fees vs competitors
Charles Schwab E*TRADE Firstrade
Deposit fee $0 $0 $0
Withdrawal fee $0 $0 $0
Account fee No No No
Inactivity fee No No No

CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs

Charles Schwab commission and other fees
Bottom line

Hopefully, by now you have a clear picture of the commissions, spreads, financing rates, and non-trading fees charged by Charles Schwab and its closest competitors. To learn more about Charles Schwab, check out this detailed review. If you would like more information about fees in general, read this article about brokerage fees.

If you're not sure which broker to choose, get a personal recommendation from our broker recommendation algorithm or compare brokers with our broker comparison table.

Author of this article

Ádám Nasli

Author of this article

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

Ádám Nasli

Broker Expert

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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