Robinhood Business Accounts
Robinhood does not currently provide business-oriented brokerage accounts. If you are searching for a
good alternative for a business account, Charles Schwab may be an excellent choice. Schwab is among the leading brokers in the country, and the perks it offers combine to create a strong product.
Keep reading to see if Schwab suits your needs.
Free Charles Schwab Account
$0 commissions + satisfaction guarantee at Charles Schwab.
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Free Robinhood Account
3% IRA match and up to $200 FREE stock at Robinhood.
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Charles Schwab Business Account
Charles Schwab has a brokerage account made for organizations called
the Schwab Organization Account, also referred to as the Schwab One Account. This account fits both incorporated and non-incorporated entities.
The application for the Schwab Incorporated Organization Account can be found here, and the application for the Schwab Non-Incorporated Organization Account can be found here.
Opening a Sole Proprietor Account
Opening a Schwab One account is a simple procedure, as long as you satisfy the requirements.
To start, download and complete the application for the account you want. The form will ask for your financial and identification details. You will also have to accept risk disclosures and sign a relationship agreement with Charles Schwab.
Once your application is complete, you can send it to Schwab using one of a few methods.
Uploading Your Application
To upload your application on the Schwab website, first log in to your account and go to the message center. In the message center, you’ll find the correct upload links.
You can also fax the documents to 1-888-526-7252 or bring them to the closest Schwab branch. It’s also fine to mail them to one of the Schwab offices.
Account Requirements
As noted, Schwab One accounts require a minimum relationship balance of $250,000.
Schwab determines this balance by reviewing the total amount of funds across all of its services, not just the brokerage account. If you have a business checking account, a SEP IRA, and a brokerage account, the combined total would count toward the ‘minimum relationship’ requirement.
Investing Within a Schwab One Account
There are multiple ways to handle funds in a Schwab One account. Whether you prefer active investing, managed portfolios, or advice services, Schwab has something for everyone.
Supported Investment Vehicles
Whatever your plan is for a business brokerage account, Schwab probably offers the strategies and investment products you need.
You can invest in stocks, ETFs, advanced options, mutual funds, and fixed-income assets like CDs and bonds.
Fees and Commissions
Aside from the rather high ‘relationship’ minimum that must be maintained for Schwab One, trading costs are small.
Trading stocks, ETFs, and options has zero commissions. Nonetheless, trading isn’t entirely free. Here are a few examples of potential trading fees:
Options come with a $0.65 per-contract fee, while OTC stock trades carry a $6.95 fee. Trades of foreign securities cost $50 per transaction. There are also clearing and exchange fees, but these are usually minimal.
Tools and Services
Finally, Schwab provides a variety of robust tools and services to Schwab One clients. These include several trading platforms (including thinkorswim), automated investing, financial planning, and a large selection of educational content to keep pace with all the available securities and techniques.
Updated on 3/17/2025.
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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