Robinhood Business Accounts
Robinhood does not currently offer business-focused brokerage accounts. If you are looking for a
good alternative for a business account, Charles Schwab could be a great choice. Schwab is one of the top brokers in the country, and the benefits it provides come together to create a powerful product.
Continue reading to see if Schwab is right for you.
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$0 commissions + satisfaction guarantee at Charles Schwab.
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Free Robinhood Account
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Charles Schwab Business Account
Charles Schwab offers a brokerage account specifically designed for businesses called
the Schwab Organization Account, also known as the Schwab One Account. This account is tailored to meet 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 simple process, provided that you meet the requirements.
To begin, download and complete the application for your desired account type. The application will ask for your financial information and identification data. Additionally, you will need to agree to risk disclosures and sign a relationship agreement with Charles Schwab.
Once your application is ready, you can submit 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 navigate to the message center. In the message center, you will find the appropriate upload links.
Alternatively, you can also fax the documents to 1-888-526-7252 and 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 balance requirement of $250,000.
The balance is calculated by looking at the money held across all of Schwab's accounts and services, not just the brokerage account. So, if you have a business checking account, a SEP IRA, and a brokerage account, the total balance would count towards the ‘minimum relationship’ requirement.
Investing Within a Schwab One Account
There are many ways to manage finances in a Schwab One account. Whether you are looking for active investment opportunities, portfolio management, or advisement services, Schwab has something for everyone.
Supported Investment Vehicles
No matter what your goals happen to be for a business-oriented brokerage account, Schwab likely supports the strategies and investment vehicles you require.
You can invest in stocks, ETFs, advanced options strategies, mutual funds, and fixed-income securities like CDs and bonds.
Fees and Commissions
Other than the relatively lofty account ‘relationship’ minimum that you must maintain to use Schwab One, fees are low.
Stocks, ETFs, and options can be traded with zero commissions. However, it's important to note that trading is not completely free. Here are a few examples of the types of trading fees you can expect.
Options have a per-contract fee of $0.65, while OTC market securities have a fee of $6.95 per trade. Additionally, trading foreign stocks incurs a fee of $50 per trade. There are also exchange and clearing fees, but they are generally negligible.
Tools and Services
As a final reminder, Schwab offers several impressive tools and services to its Schwab One clients. Among them are several trading platforms (including the newly acquired thinkorswim), automated investing, financial planning, and a full library of learning content to stay up to speed on the securities and strategies available on the platform.
Updated on 6/16/2025.
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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