Funds are also subject to management fees and expenses. Schwab reserves the right to exempt certain funds from this fee, including Schwab Funds ®, which may charge a separate redemption fee, and funds that accommodate short-term trading. Schwab's short-term redemption fee of $49.95 will be charged on redemption of funds purchased through Schwab's Mutual Fund OneSource service and held for 90 days or less.
Non-Schwab Mutual Fund OneSource trades are up to $74.95 per purchase and $0 per redemption for online and automated phone trades. Thousands of mutual funds through Schwab Mutual Fund OneSource 4 are transaction-free for both online and automated phone trades, and a $25 service charge applies to broker-assisted trades. Futures trades are $2.25 per contract 8 for both online and broker-assisted trades. 3 Service charges apply for automated phone trades ($5) and broker-assisted trades ($25) for stocks, ETFs, and Options. 1 Online options trades are $0.65 per contract. Online listed stock and ETF trades at Schwab are commission-free. How much does it cost to execute a trade? Do you charge trading commissions? There are no fees to open and maintain a Schwab account. How much will it cost to open an account? There is no minimum investment needed to open a brokerage account. What is the minimum investment needed for a brokerage account? If for any reason you’re not completely satisfied, we’ll refund your eligible fee or commission and work with you to make things right.** At Schwab, our commitment to your satisfaction is backed by a guarantee.
We believe every investor deserves to work with a firm they can count on.
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