The full-service US giant that also owns thinkorswim, a professional-grade trading platform.
- US long-term investors
- Options and futures traders
- Stocks (per order)
- Free
- Minimum deposit
- None
- FX conversion
- 1 %
- Pros: USD 0 commission on every online listed US stock and ETF order, with no share cap and no proprietary-fund restrictions
- Cons: No spot cryptocurrency trading — only ETFs, futures and crypto-adjacent equities, which puts Schwab behind Fidelity and well behind Robinhood
Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.