Active Trading
Charles Schwab & Co., Inc.
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Important Topics:   StreetSmart Pro   Options   ETF   Active Trader   Education

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Charles Schwab & Co., Inc. received the highest numerical score among self-directed investing service providers in the proprietary J.D. Power and Associates 2009 Self-Directed Investor Satisfaction StudySM. Study based on responses from 5,065 investors measuring 13 providers and measures satisfaction of self-directed investors. Proprietary study results are based on experiences and perceptions of consumers surveyed in June-July 2009. Your experiences may vary. Visit jdpower.com.

Options carry a high level of risk and are not suitable for all investors. Certain requirements must be met to trade options through Schwab. Multiple-leg options strategies will involve multiple commissions. With long options, investors may lose 100% of the principal invested. Spread trading may only be done in margin accounts. Please read the Options Disclosure Document entitled "Characteristics and Risks of Standardized Options" before considering any options transaction. Call your local Schwab office, or write to Charles Schwab & Co., Inc. at 101 Montgomery Street, San Francisco, CA 94104 for a current copy.


The $8.95 flat commission does not apply to foreign stock transactions, large block transactions requiring special handling, employer negotiated commission schedules applicable to equity compensation transactions, or restricted stock transactions. All broker-assisted and automated phone trades are subject to service charges. A minimum deposit of $1,000 is required to open most Schwab brokerage accounts. Waivers may apply. See the Charles Schwab Pricing Guide for details. Employee equity compensation transactions are subject to separate commission schedules.

1. E-Trade pricing shown is based on $12.99 commission for the first 2,000 shares, with a charge of $0.015 for each share above 2,000. E-Trade charges $9.99 per online equity trades to clients who make 120-599 trades a year or who have at least $50,000 in assets. E-Trade charges $7.99 per online equity trades to clients who make 600-5,999 trades a year and $6.99 per online equity trade to clients who make at least 6,000 trades a year.

2. optionsXpress pricing shown is based on $14.95 per trade up to 1,000 shares and $.015 per share for 1,001 shares and above. optionsXpress charges $9.95 per trade up to 1,000 shares and $.01 per share for 1,001 shares and above for qualified active stock trader customers maintaining 9 or more trades per quarter.

*150 free trades expire 90 days after account approval. Applies to base online equity, ETF and option commissions only. Option per-contract fees still apply. To qualify, you must agree to make a minimum of 36 online equity or options trades per year and deposit $50,000. Free trades will be assigned at account opening.  Account and assets deposited must be new to Schwab. Current Schwab clients and households are not eligible.   Please see the Charles Schwab Pricing Guide for detailed information. Offer valid until 6/30/2010. Offer is nontransferable, limited to one per household, and may not be combined with other offers. Accounts ineligible for this offer include, without limitation: 401(k), 403(b), Custodial, 529 Plan and Estate accounts. Unlisted foreign ordinary stocks are not eligible for this offer. Only trades placed through Schwab.com, StreetSmart Pro®, StreetSmart.com™, or Schwab Wireless are eligible for free trades. No credit will be given for unexecuted trades. Domestic, nonprofessional accounts only. Schwab, Schwab-affiliated, broker-dealer and exchange employees are not eligible. Other exceptions may apply. Schwab reserves the right to restrict this offer at any time. 

Access to electronic services may be limited or unavailable during periods of peak demand, market volatility, systems upgrades or maintenance, or for other reasons.

This site is designed for U.S. residents. Non-U.S. residents are subject to country-specific restrictions. Learn more about our services for non-U.S. residents.

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