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Welcome USAA members.

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Welcome USAA members.
Take the next step toward your tomorrow with Schwab.

Get closer to your goals with a Schwab brokerage account.

When it comes to brokerage accounts, Schwab's here to help you.

online equity trades

  • $0

    Online listed equity trades¹

  • $0

    Account minimum

  • $0

    Opening and maintenance fees

  • Satisfaction Guarantee²

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Ready to get started?

Easily use and manage your brokerage account with Schwab support.

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    Buy and sell

    Trade stocks, options, bonds, mutual funds, ETFs, and other financial products.3

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    Manage with ease

    Use Schwab.com and the Schwab mobile app4 to conveniently manage your brokerage account.

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    Research and plan

    Get online tools to screen and evaluate investments, develop a plan, and more.

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    Get support 24/7 + convenience of 300+ branches

    Call our financial professionals anytime. Plus get local support at a branch near you.

$0 online equity trades reflects our commitment to make investing accessible to everyone.

  • $0

    Listed Stocks

    online commission1

  • $0

    Options

    online commission1,
    plus $0.65 per contract5

  • $0

    Listed ETFs

    online commission1

See all prices and rates >

Specialized trading platforms and support, too.

  • computer monitor

    Powerful trading platforms

    Use our web, software, and mobile platforms to manage your brokerage account with trading tools.

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    Trading education

    With Schwab's trading education, grow your trading skills.

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    Trading specialists

    Access a team of professionals who share your passion for trading.

Common questions

A brokerage account is an arrangement between you and a licensed brokerage firm. Once your account is set up, you can deposit funds and place investment orders through the brokerage account, and the transactions will be carried out on your behalf. You have the freedom to invest in whatever you choose—stocks, bonds, mutual funds, and more—as you own all the assets in your brokerage account.

A margin account allows you to borrow against your eligible securities and can be helpful when you need to buy more securities, take advantage of timely market opportunities, or give yourself a source of overdraft protection. However, margin borrowing is not for everyone, and you should consider all risks and limitations before selecting this option. Learn everything you need to know about margin loans with The Schwab Guide to Margin.

A cash account only allows you to use the cash that you deposited to buy stocks, bonds, mutual funds, or other investments. This type of account presents less market risk as you are only investing assets that you already have, but can be limiting when timely opportunities or emergencies arise.

You must be approved in order to trade options in a Schwab brokerage account. During the online application process, you can choose to add options trading and apply for one of four levels of approval based on your based on your objectives, experience, and financial position. 

Options carry a high level of risk and are not suitable for all investors. Certain requirements must be met to trade options through Schwab. Please read the Options Disclosure Document titled Characteristics and Risks of Standardized Options. Supporting documentation for any claims or statistical information is available upon request.

Account Opening and Funding Questions

Consolidating all your accounts at Schwab may help you better manage your finances. We can help you every step of the way in bringing your assets over, in a tax-efficient manner. Learn more about transferring accounts to Schwab.

  1. Social security number(s)
  2. Driver's license
  3. Employer's name and address (if applicable)
  4. Statement information for any assets or cash you'd like to transfer

There is no minimum investment needs to open a brokerage account.

The easiest way to open Schwab brokerage account is online. You can also get help opening an account by calling us at 866-232-9890 or visiting one of 300 local branches.

The online account application process only takes about 10 minutes. Key steps include:

  • Choosing the type of brokerage account (individual or joint)
  • Providing your personal, employment, and financial information
  • Selecting specific account features 
  • Creating login credentials and providing contact information for your account
  • Verifying your identity 
  • Indicating how you'll fund the account

There are multiple ways to fund your new Schwab account:

  • Electronic funds transfer (EFT) with Schwab MoneyLink® to transfer funds or assets from an external account. You may also continually fund your account by setting up auto deposit to transfer funds from your checking account.
  • Wire transfer request from another financial institution.
  • Check deposit by mail or in person at your local Schwab branch.

Full funding instructions and access to online fund transfer tools will be provided after your account is opened.

Ready to get started?

We're here to help

1.Standard online $0 commission does not apply to over-the-counter (OTC) equities, transaction-fee mutual funds, futures, fixed-income investments, or trades placed directly on a foreign exchange or in the Canadian market. Options trades will be subject to the standard $0.65 per-contract fee. Service charges apply for trades placed through a broker ($25) or by automated phone ($5). Exchange process, ADR, and Stock Borrow fees still apply. See the Charles Schwab Pricing Guide for Individual Investors for full fee and commission schedules.

2. If you are not completely satisfied for any reason, at your request, Charles Schwab & Co., Inc. ("Schwab"), Charles Schwab Bank, SSB ("Schwab Bank"), or another Schwab affiliate, as applicable, will refund any eligible fee related to your concern. Refund requests must be received within 90 days of the date the fee was charged. Schwab reserves the right to change or terminate the guarantee at any time. Go to schwab.com/satisfaction to learn what's included and how it works.

3. Account must be approved and funded before trading can occur. Options carry a high level of risk and are not suitable for all investors. Certain requirements must be met to trade options through Schwab. Please read the Options Disclosure Document titled Characteristics and Risks of Standardized Options. Supporting documentation for any claims or statistical information is available upon request.

4. Requires a wireless signal or mobile connection. System availability and response times are subject to market conditions and mobile connection limitations.

5. Please see the Charles Schwab Pricing Guide for detailed information on equity and options commissions. Multiple-leg options strategies will involve multiple commissions. Options carry a high level of risk and are not suitable for all investors. Certain requirements must be met to trade options through Schwab. Please read the Options Disclosure Document titled Characteristics and Risks of Standardized Options before considering any options transaction. Supporting documentation for any claims or statistical information is available upon request.

USAA and the USAA logos are registered trademarks of the United Services Automobile Association and are being used by Schwab Holdings, Inc., and its affiliates under license.

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Brokerage Products: Not FDIC Insured • No Bank Guarantee • May Lose Value

The Charles Schwab Corporation provides a full range of brokerage, banking and financial advisory services through its operating subsidiaries. Its broker-dealer subsidiary, Charles Schwab & Co. Inc. (Member SIPC), and its affiliates offer investment services and products. Its banking subsidiary, Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender), provides deposit and lending services and products.

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, Charles Schwab Hong Kong clients, Charles Schwab U.K. clients.

© 2024 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. Unauthorized access is prohibited. Usage will be monitored.

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