The safety dossier

Home / Reviews / Charles Schwab / Fees

Charles Schwab fees, after the safety questions

Cost is the last thing to weigh when the question is whether your money is safe, so this page comes after the regulation page and reads in that light.

Regulation: SEC; FINRA; CFTC/NFA for futures and forex. How Charles Schwab is regulated

Facts last checked . Read the full Charles Schwab review.

What it costs to trade

Spread from
0.0 pips
EUR/USD spread
Approx. 1.0 pip
GBP/USD spread
Approx. 1.2 pips
Commission
$0 forex commission
All-in cost, EUR/USD
Approx. 1.0 pip
Spread type
Variable
Overnight swap
Both: forex rollover may be charged or credited; securities margin borrowing incurs interest
Deposit fee
None for standard electronic funding
Withdrawal fee
$0 ACH; wire and specialist transfer fees may apply
Currency conversion
0.20%-1.00%, depending on transaction size

What this means

Cost is the last thing to weigh here, and never the thing that should decide it.

A quoted spread from 0.0 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

Charles Schwab lists a minimum deposit of $0. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Questions about Charles Schwab fees

Does Charles Schwab charge to deposit or withdraw?

Deposit fees at Charles Schwab: None for standard electronic funding. Withdrawal fees: $0 ACH; wire and specialist transfer fees may apply.

What does Charles Schwab charge to hold a position overnight?

Overnight financing at Charles Schwab is recorded as both: forex rollover may be charged or credited; securities margin borrowing incurs interest.

What is the EUR/USD spread at Charles Schwab?

Charles Schwab records an average EUR/USD spread of approx. 1.0 pip on a variable pricing model.

Fees at brokers under the same regulator

More about Charles Schwab