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Fractional Shares | Invest in Stock Slices

schwab.com
Summary

Charles Schwab is a financial services company that offers investment opportunities in stocks, including fractional shares, and various cryptocurrency-related products. It provides commission-free online trading for listed stocks and ETFs, and offers different account types and investment management services.

Features
2/12
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Must Have

2 of 5

Commission-Free Stock Trading

Bitcoin Trading

Instant P2P Transfers

Prepaid Debit Card (Cash App Card)

Early Direct Deposit

Other

0 of 7

Fraud Monitoring & Security

High-Yield Savings

Round-Up Savings

Pay Over Time (Afterpay)

Instant Discounts & Offers

Customizable Card Designs

ATM Access & Fee Reimbursement

Pricing
Tiered
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Online Listed Stocks and ETFs

$0.00 one time
  • Online trading
  • Listed Stocks
  • ETFs

Options

$0.65 per item
  • Online trading
  • Options contracts
  • Options carry a high level of risk and are not suitable for all investors.
  • Certain requirements must be met to trade options through Schwab.

Schwab Mutual Fund OneSource®

$0.00 one time
  • Thousands of funds from Schwab Mutual Fund OneSource
  • $49.95 short-term redemption fee if held for 90 days or less.

US Over-The-Counter (OTC) Equities

$6.95 one time
  • US Over-The-Counter (OTC) Equities

All other mutual funds

$74.95 one time
  • Mutual funds not in OneSource®

Futures

$2.25 per item
  • Futures trading

Futures Options

$2.25 per item
  • Futures Options trading

Forex

$0.00 one time
  • Forex trading

Canadian Securities (Local exchange & OTC)

$6.95 one time
  • Canadian Securities trading

Foreign stock transactions (U.S. OTC market)

$50.00 one time
  • Foreign stock transactions placed on the U.S. over-the-counter (OTC) market

Foreign stock transactions (local exchanges)

$100.00 one time
  • Foreign stock transactions placed directly on local exchanges
  • Online trading not available.

Treasuries

$0.00 one time
  • Treasury Bonds
  • Treasury Bills
  • Treasury Notes
  • TIPS

Other Secondary Trades (Bonds)

$1.00 per item
  • CDs
  • Corporate Bonds
  • Municipal Bonds
  • Government Agencies
  • Zero-Coupon Treasuries
  • STRIPS

Schwab Intelligent Portfolios®

$0.00 one time
  • Automated Investing
  • ETFs in portfolio
  • FDIC-insured deposit at Schwab Bank
  • Minimum account balance of $5,000.

Schwab Intelligent Portfolios Premium®

$30.00 monthly
  • Automated Investing with Guidance
  • ETFs in portfolio
  • FDIC-insured deposit at Schwab Bank
  • Minimum account balance of $25,000.

Schwab Wealth Advisory™

Custom
  • Wealth Advisory services
  • Minimum account balance of $500,000.

Schwab Managed Portfolios

Custom
  • Managed Portfolios
  • Minimum account balance of $25,000.

Managed Account Select® Equity Strategies

Custom
  • Equity Strategies
  • Minimum account balance of $100,000.

Managed Account Select® Fixed Income Strategies

Custom
  • Fixed Income Strategies
  • Minimum account balance of $250,000.

Wasmer Schroeder™ Strategies

Custom
  • Wasmer Schroeder Strategies
  • Minimum account balance of $250,000.

Windhaven® Strategies

Custom
  • Windhaven Strategies
  • Minimum account balance of $100,000.

ThomasPartners® Strategies

Custom
  • ThomasPartners Strategies
  • Minimum account balance of $100,000.

Schwab Personalized Indexing™

Custom
  • Personalized Indexing
  • Minimum account balance of $100,000.
Rationale

Charles Schwab offers commission-free stock trading, including fractional shares (Schwab Stock Slices), and provides various ways to gain exposure to cryptocurrency markets, including spot bitcoin funds and crypto-related stocks. While it offers investment features, it does not provide peer-to-peer transfers, a prepaid debit card, or early direct deposit, which are core features of Cash App.