Charles Schwab: Fees, Features, and More (2026)
Charles Schwab pairs a robust online platform with the resources of a full‑service firm. Traders can tap the advanced StreetSmart Edge desktop, options priced at $0.65 per contract, and a sweeping product lineup that includes bonds, CDs, and more than 10,000 mutual funds—over 4,000 with no transaction fee. Schwab Intelligent Portfolios offers automated investing at 0.00–0.30 % management fees, while a nationwide branch network provides in‑person support, all with no minimum to open an account.
| Feature | |
|---|---|
| Website | https://www.schwab.com/ |
| Broker Type | Full-service |
| Trading: Stock & ETF? | Yes |
| ETF & Stock commission | $0 online (listed stocks/ETFs) |
| Fractional Shares? | Yes (most U.S.-listed stocks/ETFs, from $1) |
| Percent Allocations? | Yes (Personalized Portfolio Builder) |
| Crypto Trading? | Yes, via Schwab Crypto (BTC/ETH currently; not NY/LA/territories) |
| Crypto Fees | 0.75% of notional value (min $0.01) per buy/sell |
| Options Trading? | Yes |
| Options Fee | $0 online commission + $0.65 per contract |
| Bond Trading Available? | Yes |
| Receives payment for order flow (PFOF)? | Yes (receives PFOF rebates) |
| Interface: Web trading? | Yes |
| Desktop trading? | Yes, thinkorswim desktop (Windows/Mac; free for brokerage clients) |
| API Trading? | Yes, Trader API (Individual) for self-directed retail accounts (orders, data; via developer.schwab.com) |
| Mutual Funds: Offered? | Yes |
| Total Mutual Funds | ~14,500 from 600+ families (incl. 4,000+ NTF) |
| NTF Mutual Funds | 4,000+ (no-load via OneSource & others) |
| Non-NTF Fund Fee | Up to $74.95/buy online ($0 sell); some $49.95; 8.5% cap, <$100 exempt |
| Early Redemption Fee? | No; $49.95 Schwab fee on NTF funds held ≤90 days (some exemptions) |
| Redemption Hold (Days) | 90 days (NTF/OneSource funds; some Schwab Funds exempt) |
| Early Redemption Fee | $49.95 online/automated phone; $49.95 + $25 broker-assisted |
| Accounts: Margin Accounts? | Yes ($2,000 min. cash or marginable securities) |
| IRAs Offered? | Yes (Traditional, Roth, SEP, Rollover, Inherited, Custodial, SIMPLE) |
| HSAs Offered? | Yes (HSBA via participating HSA providers; no standalone Schwab HSA) |
| Money Market Sweep? | Yes (Cash Features Program: Bank Sweep or Schwab One Interest) |
| CDs Offered? | Yes (brokered CDs via Schwab CD OneSource) |
| Robo-Advisor: Offered | Yes |
| Robo-Advisor Service | Schwab Intelligent Portfolios® (Premium also offered) |
| Robo-Advisor Fees | $0 advisory (standard); $300 one-time + $30/mo (Premium); ETF OERs 0.02–0.15%. Mins $5k/$25k. |
| Basics: Headquarters | Westlake, TX |
| Year Founded | 1971 |
| Clearing Firm | Charles Schwab & Co., Inc. (self-clearing) |
| Local Branches? | Yes, more than 420 branches in 48 U.S. states |
| New Account Minimum | $0 |
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