Charles Schwab review

4-star brokerage firm rating

Charles Schwab Fees Schedule, IRA Accounts Rates, Margin Interest Rates, Cash Sweep, Stock Trading Costs, ACAT Fee in 2015

Charles Schwab Hidden Fees

The company doesn't list all its fees on its website. For example, Full Account Transfer Out Fee is $50 but the website lists it as $0, Partial Account Transfer Fee is $25 and $0 on the website. Many other fees are nowhere to be found. It looks dishonest and not fair to prospective customers.

Charles Schwab Fees, Trading Commission Structure, and Investment Products

Stocks and ETFs $8.95
Stocks and ETFs broker assisted $33.95
Stocks and ETFs phone trades $13.95
Options $8.95 + $0.75 per contract
Mutual funds $76 to buy, $0 to sell. OneSourceĀ® Mutual Funds - free
CDs, Corporate Bonds, Municipal Bonds, Government Agencies, Zero-Coupon Treasuries, including STRIPS and Mortgage-Backed Securities $1 per bond, $10 minimum, $250 maximum
Preferred Stocks and REITs $8.95
Commercial Paper and Foreign Bonds, Unit Investment Trusts call for pricing

Investments stocks, bonds, mutual funds, futures, Treasury issues, options, CDs, insurance, ETFs, annuities, non-U.S. securities and ADRs, WEBs and Canadian foreign orders
Charles Schwab minimum deposit to open account $1,000

Charles Schwab Margin Interest Rates

Debit Balance Margin Rate
$0 - $24,999.99 8.50%
$25,000 - $49,999.99 8.00%
$50,000 - $99,999.99 7.00%
$100,000 - $249,999.99 6.875%
$250,000 - $999,999.99 6.75%
$1,000,000 - $2,499,999.99 6.25%
above $2,500,000 6.00%

Charles Schwab Account Activity Fees

Amount Late settlement$25
Mutual fund Online and Automated Phone short-term redemption fee$49.95
Mutual fund Broker-Assisted short-term redemption fee$49.95, plus $25 service charge
Order out of certificates (for U.S. and Canadian securities)$500 per certificate $0 per issue
Order out of certificates (for foreign securities)Physical certificates Variable fee (based on the location of the transfer agent)
Restricted stock re-registration/gifting$75 per transfer
Failure to maintain required minimum balance in certain Schwab Proprietary Non- Sweep Money Funds, including SVAI (check prospectus for minimum balance requirements) $10 per redemption

Custody Fees for Non-publicly Traded Securities

Annual maintenance fee for restricted securities$150 per position
Annual maintenance fee for other non-publicly traded securities$250 per position
Maximum of $500 per account
If applicable, fees for ineligible securities and valuation are additional.
Transaction fee$100 per transaction
Ineligible security fee$250 per year per position
Valuation fee Effective September 1, 2013: $500 per year per position valued
Non-transferable fee$1 per month per position

Note: Certain Non-Publicly Traded Securities may be exempt from certain fees. Custody fees for Non-Publicly Traded Securities are billed annually in arrears.

Charles Schwab Review and Website Link

Read full Charles Schwab Review.

Charles Schwab Fees are as of 2015 and are subject to change. For the most recent information go to their website:

Charles Schwab review

This article was updated on 7/23/2015.

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