Robinhood Business Accounts
Robinhood does not currently provide brokerage accounts built for businesses. If you need a
possible substitute for a business account, Charles Schwab may be a strong option. Schwab is one of the leading brokers in the country, and the features it offers combine to create a compelling setup.
Read on to find out whether Schwab is a good fit for your needs.
Free Robinhood Account
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Charles Schwab Business Account
Charles Schwab offers a brokerage account for businesses called
the Schwab Organization Account, which uses the Schwab One Account application. This account is built to serve the needs of both incorporated and non-incorporated organizations.
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 fairly easy process, assuming you meet the requirements.
To get started, download and complete the application for the account type you need. The application will ask for financial details and identification information. In addition, you will need to accept risk disclosures and sign a relationship agreement with Charles Schwab.
After the application is complete, you can send it to Schwab in a few different ways.
Uploading Your Application
To upload your application to the Schwab website, the first step is to log in to your account and go to the message center. Inside the message center, you will see the appropriate upload links.
Another choice is to fax the documents to 1-888-526-7252 or bring them to your nearest Schwab branch. It is also possible to mail them to one of the Charles Schwab offices.
Account Requirements
As mentioned, Schwab One accounts have a minimum relationship requirement of $100,000.
The balance is determined by looking at assets held across Schwab accounts and services, not just the brokerage account itself. So, if you have multiple eligible Schwab accounts, the combined total can count toward the relationship minimum.
Charles Schwab Website
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Investing Within a Schwab One Account
There are many ways to manage money in a Schwab One account. Whether you want active trading opportunities, portfolio management, or advisory help, Schwab offers a range of possibilities.
Supported Investment Vehicles
No matter what your goals are for a business brokerage account, Schwab likely supports the strategies and investment types you need.
You can invest in stocks, ETFs, advanced options strategies, mutual funds, and fixed-income products like CDs and bonds.
Fees and Commissions
Aside from the fairly high account relationship minimum needed to qualify for Schwab One, fees are low.
Stocks and ETFs can be traded with zero commissions. However, it is important to remember that trading is not entirely free. Here are a few examples of the types of trading fees you may run into.
Options have a per-contract fee of $0.65. In addition, OTC market securities, trades placed directly on foreign exchanges, fixed-income investments, and some mutual funds can involve extra charges. There are also exchange and clearing fees, although they are generally small.
Tools and Services
As a final reminder, Schwab offers several strong tools and services to its Schwab One clients. These include multiple trading platforms (including the acquired thinkorswim), automated investing, financial planning, and a large library of educational content to help investors stay informed about the securities and strategies available on the platform.
Open Charles Schwab Account
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Updated on 3/28/2026.
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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