Charles Schwab (thinkorswim) fees & pricing
Complete commission schedule, margin tier ladder, cash-sweep yield, and PFOF stance.
Last reviewed May 13, 2026
Full fee schedule
Every documented Charles Schwab (thinkorswim) fee, grouped by category. Green = competitive; red = negative outlier; neutral = market-rate.
| Category | Item | Price | Notes |
|---|---|---|---|
| Stocks & ETFs | US stock / ETF commission | $0 | — |
| Options | Options base + per-contract | $0 + $0.65 | — |
| Futures | Futures per contract per side | $2.25 | Via thinkorswim |
| Crypto | Spot crypto commission | 0.75% per trade | BTC & ETH only; launched May 13, 2026 |
| Mutual funds | Mutual funds — NTF | $0 | 4,000+ NTF; short-term redemption $49.95 if held < 90 days |
| Mutual funds | Mutual funds — transaction-fee | Up to $74.95 buy / $0 sell | — |
| Bonds | US Treasuries (online) | $0 | — |
| Bonds | Corporate / muni bonds | $1 / bond | $10 min, $250 max |
| Stocks & ETFs | OTC online trade | $6.95 | — |
| Margin | Base margin rate | 10.000% | Effective 12/12/2025 |
| Cash sweep | Default cash sweep (Schwab Bank Sweep) | ~0.45% | Manually buy SWVXX for ~4.0% money-market yield |
| Account & service fees | Full ACAT transfer-out | $50 | $25 partial |
| Account & service fees | Domestic wire out (online) | $15 | $25 broker-assisted |
PFOF: Accepts payment for order flow on equities; accepts PFOF on options. Schwab accepts PFOF on equities and options post-Ameritrade integration.
Margin rates by debit balance
Step-line — rate is constant within each tier. Overlay shows every other broker we’ve reviewed for context. Lower is better.
See margin tiers as a table
| Debit balance | Rate (APR) | Notes |
|---|---|---|
| ≥ $0 | 13.575% | — |
| ≥ $25,000 | 13.075% | — |
| ≥ $50,000 | 12.125% | — |
| ≥ $100,000 | 11.625% | — |
| ≥ $250,000 | 11.125% | — |
Cash sweep
Default cash sweep
0.45%(Schwab Bank Sweep (default))
Default sweep is FDIC-insured but yields well below market. SWVXX (Schwab Value Advantage Money Fund) pays ~4.0% but requires manual purchase.
As of May 13, 2026