Get the insights, articles and trading strategies you want // Sign up for Schwab's free Investing Insights(R) Trading Edition newsletterConnect with traders just like you // Explore the Schwab Trading Community

(1009-10549)

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.

©2009 Charles Schwab & Co, Inc. All rights reserved. Member SIPC

$8.95 per equity trade applies to online trades in eligible accounts once 30 or more qualifying trades are placed in the household in the current calendar quarter or 120 or more qualifying trades are placed over the prior 12 months or once the household balance reaches $1,000,000 or more. If less than 30 qualifying trades are placed in the household per current calendar quarter or 0-119 over the prior 12 months and there is $999,999 or less in household balances, then equity commission rate is $12.95 for first 1000 shares plus $0.015 for each additional share. Direct access trades are charged an additional $0.003 per share above 5000 shares.$8.95 per option trade plus $0.75 per-contract applies to online trades in eligible accounts. Please see the Charles Schwab Pricing Guide for detailed information.

*Account and assets deposited must be new to Schwab. Current Schwab clients and households are not eligible. 50 free trades expire 45 days after account approval. Applies to base online equity and option commissions only. Option per-contract and equity per-share fees may apply. To qualify, you must commit to making a minimum of 36 online equity or options trades per year and deposit $25,000. Offer valid until 12/31/09. 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. Direct access trades, unlisted foreign ordinary stocks and equity trades resulting from options exercise or assignment are not eligible for this offer. Only trades placed through Schwab.com, StreetSmart Pro¨, StreetSmart.comª, 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.

Schwab's StreetSmart.com™ and StreetSmart Pro® are available for Schwab Active Trading clients who place 36 trades or more per year. Access to NASDAQ Level II quotes is provided for free to non-professional clients who have made 120 or more equity and options trades in the last 12 months, 30 or more equity and options trades in either the current or previous quarters or maintain $1 million or more in household balances at Schwab. Schwab Active Trading clients who do not meet these requirements can subscribe to NASDAQ Level II quotes for a quarterly fee. Professional clients may be required to meet additional criteria before obtaining a subscription to NASDAQ Level II quotes. This offer may be subject to additional restrictions or fees, and may be changed at any time.

The speed and performance of streaming data may vary depending on your modem speed and ISP connection. Access to electronic services may be limited or unavailable during periods of peak demand, market volatility, systems upgrades or maintenance, or for other reasons.

Schwab does not recommend the use of technical analysis as a sole means of investment research.

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.