Charles Schwab at a glance

Overall
5.0 NerdWallet rating
Account minimum
$0
Stock trading costs
$4.95
Options trades
$4.95 + 65 cents per contract
Account fees (annual, transfer, closing, inactivity)
No annual or inactivity fee; up to $50 account closing or transfer fees
Commission-free ETFs
More than 500 commission-free ETFs effective March 1
Mutual funds
More than 4,000 no-transaction-fee mutual funds
Tradable securities
• Stocks.
• Bonds.
• Mutual funds.
• ETFs.
• Options.
• Futures.
Trading platform
Two platforms offered with no trade minimums or fees
Mobile app
Above-average capabilities
Research and data
Free and extensive
Customer support options (includes website transparency)
24/7 phone support; live chat and email support; more than 300 local branches; some information is difficult to locate on website
Promotion
Referral award for first-time clients; 500 commission-free trades for two years, with qualifying deposit of $100,000