- Charles Schwab & Co announced it is removing the U.S. Stock, ETF, and options commissions listed on U.S. or Canadian exchanges across all mobile and web trading channels
On October 7, 2019, Charles Schwab & Co is removing the final barrier for making investing more accessible to everyone by eliminating commissions for stocks, ETFs and options listed on U.S. or Canadian exchanges across all mobile and web trading channels. And clients trading options will continue to pay 65 cents per contract. This change is coming in conjunction with the release of Chuck Schwab’s latest book called “Invested.”
“From day one, my passion has been to make investing easier and more affordable for everyone. Beginning October 7, every Schwab client can trade U.S. stocks, ETFs and options commission-free. Eliminating commissions ensures my ultimate vision is realized – making investing accessible to all,” said Charles Schwab & Co. founder and chairman Charles Schwab.
“This is our price. Not a promotion. No catches. Period. Price should never be a barrier to investing for anyone, whether an experienced investor or someone just starting on the investing path. We’re proud to provide clients with a full-service, modern investing experience that delivers on our no trade-offs combination of service, simplicity and superior value – backed by a satisfaction guarantee2. In support of the valued independent investment advisors we serve, the same pricing will apply to their clients when trading at Schwab,” added Schwab CEO and President Walt Bettinger.
Previously, the price of online trade commissions for U.S. stock, ETF and options were $4.95. And there is no minimum account size to open a full-featured Schwab brokerage account. So every investor no matter how large or small is able to benefit from the expertise and support of Charles Schwab Corporation — which has more than $3.7 trillion in client assets.
Along with the zero-commission online trading, every Schwab client benefits from a branch network of 365 branches and more than 7,800 client-facing professionals, a broad range of investment products and services, the web and desktop trading platforms, 24/7/365 service and support, free access to portfolio building and analysis tools such as Portfolio Performance Reporting and our Select Lists, and free access to Schwab’s market and equity research and tools like Schwab Equity Ratings and investment screeners.
