Robinhood Business Accounts
Robinhood does not currently provide brokerage accounts registered to businesses or other legal entities. If you need a
strong alternative for a business brokerage account, Charles Schwab may be worth considering. Schwab is a major U.S. broker, and its combination of investment products, services, and competitive pricing creates a flexible offering.
Continue reading to learn whether Schwab could meet your business-investing needs.
Charles Schwab Business Account
Charles Schwab provides businesses and other qualifying entities with a brokerage account known as
the Schwab One® Organization Account. Schwab offers separate versions of this account for incorporated and non-incorporated organizations.
The Schwab Incorporated Organization Account application is available here, while the Schwab Non-Incorporated Organization Account application is available here.
Opening a Sole Proprietor Account
Establishing a Schwab One® Organization Account is reasonably straightforward as long as you satisfy the account requirements. A sole proprietor needs to complete the application intended for non-incorporated organizations.
Start by downloading and filling out the application that corresponds to your organization type. The form requests financial data and personal identification information. You must also accept the relevant disclosures and sign Schwab's account agreement.
After completing the application, you can return it to Schwab through several available submission methods.
Uploading Your Application
To upload your application to the Schwab website, first log in to your account and navigate to the Message Center. In the Message Center, you will find the appropriate upload links.
Alternatively, you can fax the documents to 1-888-526-7252, bring them to your nearest Schwab branch, or mail them to one of Charles Schwab’s offices.
Account Requirements
A $100,000 relationship minimum applies to Schwab One® Organization Accounts.
Schwab determines whether this requirement has been met by adding together assets across all qualifying Schwab accounts, including the newly opened Organization Account. As a result, eligible assets already held in other Schwab accounts may be applied toward the minimum.
Charles Schwab Website
Investing Within a Schwab One Account
A Schwab One® Organization Account offers several approaches to managing business investments. Depending on your needs, you may trade investments directly, use professional portfolio-management services, or obtain investment guidance. The available services, account minimums, and costs vary according to the option chosen.
Supported Investment Vehicles
Schwab provides access to a large selection of investment products that can support many different goals for a business brokerage account.
Available products include stocks, ETFs, mutual funds, CDs, bonds, and additional fixed-income investments. Options and other advanced brokerage features require account eligibility and approval from Schwab.
Fees and Commissions
Apart from the relationship-minimum requirement, Schwab's standard trading charges are relatively competitive.
Online transactions in U.S. exchange-listed stocks and ETFs have $0 commissions. Online options orders have no base commission, although Schwab charges $0.65 for each contract. This means that not every transaction is entirely free. Below are several other examples of charges that may apply.
Online transactions in U.S. OTC equities cost $6.95 per trade. Trades of foreign ordinary shares placed through the U.S. OTC market carry a $50 foreign transaction fee. Foreign-stock orders submitted directly to a local exchange use a different pricing schedule. Regulatory, exchange, clearing, ADR, and other relevant charges may also apply.
Tools and Services
Schwab supplies Organization Account customers with numerous tools and services. These can include thinkorswim trading platforms, assistance from a Schwab Financial Consultant, eligible professional investment-management programs, and an extensive educational library covering the investments and trading strategies available at Schwab.
Open Charles Schwab Account
Visit Schwab Website
Updated on 9/12/2026.
I work in investment analytics and have been investing in the market since I was in high school. I enjoy anything that involves lots of strategy (i.e. a good game of chess), which is why I was naturally drawn to investing and researching companies. Outside of investing, I’m a big fan of the outdoors. In summer, you’re most likely to find me kayaking, camping, and hiking in the mountains.
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