Charles Schwab
Commission-free online trading with deep retirement, branch, and Scheduled/AIP automation support.
Last verified 2026-10-04
Legal entities
Charles Schwab & Co., Inc. (FINRA BrokerCheck firm id 5393)
Details
| minimum to open | $0Not confirmed at a primary source in this pass. |
|---|---|
| monthly fee | $0Not confirmed at a primary source in this pass. |
| equity trade fee | 0 USD per tradeNot confirmed at a primary source in this pass. |
| fractional min | $1Not published in retrievable text for this broker. |
| etf fee | 0 USD per tradeCONFIRMED $0 online, with three explicit carve-outs: (1) scope is U.S. EXCHANGE-LISTED ETFs only - 'Unlisted ETFs are subject to a commission'; (2) 'An industry fee applies to sell transactions'; (3) broker-assisted trades get the negotiated broker-assisted rate, quoted as $0 + $25 service charge, so broker-assisted ETFs cost $25, not $0. |
| margin apr low | 10.325%Tiered on margin debit balance; each tier is the base rate plus or minus a spread. NO INTEREST IS CHARGED for margin balances below $100. Tiers at $500k and above are not published - call 877-752-9749. Borrowing requires at least $2,000 in cash or marginable securities. |
| margin apr high | 12.075%Tiered on margin debit balance; each tier is the base rate plus or minus a spread. NO INTEREST IS CHARGED for margin balances below $100. Tiers at $500k and above are not published - call 877-752-9749. Borrowing requires at least $2,000 in cash or marginable securities. |
| cash apy gold | 3.47%CRITICAL PRODUCT SEPARATION. The DEFAULT Schwab brokerage sweep pays 0.01% APY. The 3.47% figure belongs to a DIFFERENT product - Schwab Intelligent Portfolios(R), an automated advisory account, not a self-directed brokerage account - and must NOT be presented as a Schwab brokerage cash rate. The 3.47% is itself formula-driven: the rate resets monthly to the 7-day yield (with waivers) of Schwab Government Money Fund - Sweep Shares (SWGXX). Separately, Schwab Money Funds pay 3.71% (SWVXX investor shares, $0 minimum) and 3.86% (SNAXX ultra shares, $1,000,000 minimum) as 7-day yields as of 10/02/2026, but those are opt-in fund purchases, not the default brokerage sweep. |
| cash apy standard | 0.01%CRITICAL PRODUCT SEPARATION. The DEFAULT Schwab brokerage sweep pays 0.01% APY. The 3.47% figure belongs to a DIFFERENT product - Schwab Intelligent Portfolios(R), an automated advisory account, not a self-directed brokerage account - and must NOT be presented as a Schwab brokerage cash rate. The 3.47% is itself formula-driven: the rate resets monthly to the 7-day yield (with waivers) of Schwab Government Money Fund - Sweep Shares (SWGXX). Separately, Schwab Money Funds pay 3.71% (SWVXX investor shares, $0 minimum) and 3.86% (SNAXX ultra shares, $1,000,000 minimum) as 7-day yields as of 10/02/2026, but those are opt-in fund purchases, not the default brokerage sweep. |
| crypto available | not verified |
| account types | cash, taxable, ira, roth iraAccount types not published. |
| coverage | SIPC member. Schwab brokerage cash is swept into a bank deposit program that is FDIC-insured per depositor per program bank.Coverage terms not transcribed. |
Sources
Each URL and the specific claim it supports.
- www.schwab.com— Brokerage fees, account types, coverage and margin terms.retrieved 2026-10-04
- www.schwab.com— Brokerage fees, account types, coverage and margin terms.retrieved 2026-10-04
- www.schwab.com— Brokerage fees, account types, coverage and margin terms.retrieved 2026-10-04
- www.schwab.com— Brokerage fees, account types, coverage and margin terms.retrieved 2026-10-04