Charles Schwab, U.K., Limited

Charles Schwab, U.K., Limited
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Rates & Charges


Rates & Charges

We believe you should always know what you’re paying and never overpay.

And your satisfaction should be guaranteed*.

All amounts are in US dollars.

Minimum to open an Individual/Joint account: US$25,000. For full details of fees and commissions, please see the Charles Schwab Pricing Guide for Individual Investors.

  Online Trades1 Broker-Assisted Trades
Stocks $4.95 $4.95 + $25.00 service charge
  Online Trades3 Broker-Assisted Trades
Options $4.95 + $0.65 per contract Online pricing + $25.00 service charge
 
New issues, including CDs
Online Trades Selling concession is included in the offering price
Broker-Assisted Trades
Treasuries, including Auction and Secondary: Treasury Bonds, Treasury Bills, Treasury Notes, and TIPS
Online Trades $0
Broker-Assisted Trades Online pricing + $25.00 per trade service charge
Other Secondary Trades: CDs, Corporate Bonds, Municipal Bonds, Government Agencies, Zero-coupon Treasuries, including STRIPS
Online Trades $1 per bond+
$10 minimum
$250 maximum+
Broker-Assisted Trades Online pricing + $25 per trade service charge
Commercial Paper, Foreign Bonds, Asset-Backed Securities, Mortgage-Backed Securities, Collateralized Mortgage Obligations, and Unit Investments Trusts
Online Trades These are specialty products—please contact us for information.
Broker-Assisted Trades
Preferred stocks and REITs7
Online Trades $4.95
Broker-Assisted Trades Online pricing + $25.00 per trade service charge
  Online Trades Broker-Assisted Trades
New issues, including CDs Selling concession is included in the offering price
Treasuries, including Auction and Secondary: Treasury Bonds, Treasury Bills, Treasury Notes, and TIPS $0 Online pricing + $25 per trade service charge
Other Secondary Trades: CDs, Corporate Bonds, Municipal Bonds, Government Agencies, Zero-coupon Treasuries, including STRIPS $1 per bond+
$10 minimum
$250 maximum+
Online pricing + $25 per trade service charge
Commercial Paper, Foreign Bonds, Asset-Backed Securities, Mortgage-Backed Securities, Collateralized Mortgage Obligations, and Unit Investments Trusts These are specialty products—please contact us for information.
Preferred stocks and REITs5 $4.95 Online pricing + $25.00 per trade service charge

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Access to Electronic Services may be limited or unavailable during periods of peak demand, market volatility, systems upgrade, maintenance, or for other reasons.

1. Restrictions apply: The standard online $4.95 commission does not apply to foreign stock transactions, large block transactions requiring special handling, or restricted stock transactions. Foreign ordinary shares that trade online in the U.S. over-the-counter (OTC) market and do not settle in the U.S. will have a $50 foreign transaction fee added to the cost of the transaction. See the Charles Schwab Pricing Guide for details. Employee equity compensation transactions are subject to separate commission schedules.

2. 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.

3. Two-legged online option orders such as spreads, straddles, combos, and rollouts are charged only one $4.95 base commission, plus per-contract fees for the total number of option contracts. For Broker-Assisted Options Commissions, add $25 to the Online Options Commission. Complex option orders involving both an equity and an option leg, including Buy/Writes or Write/Unwinds, are charged per-contract fees for the option leg, plus commissions for the equity leg subject to the client’s current commission schedule. There is no base commission for the option leg.

Exchange Process Fee—This is a fee Schwab charges to offset fees imposed on us by national securities and self-regulatory organizations or by U.S. option exchanges.

The Securities and Exchange Commission (SEC) assesses transaction fees on national securities exchanges and self-regulatory organizations based on the aggregate dollar amount of sales of certain securities. The SEC recalculates the amount of this fee periodically—at least once per year but sometimes more often. National securities exchanges and self-regulatory organizations offset the transaction fees by charging their member broker-dealers such as Schwab, and we, in turn, offset this fee by charging you an Exchange Process Fee for covered sell transactions.

U.S. option exchanges charge Schwab and other broker-dealers per-contract fees for purchases and sales of exchange-listed options. The exchanges may charge these fees even on transactions executed on other exchanges, which can result in multiple fees being imposed on Schwab for a single transaction. Schwab offsets these fees by charging you a single Exchange Process Fee for each covered transaction. Any Exchange Process Fee that appears on your trade confirmation for a sale of an exchange-listed option will combine the offsets for the fees charged both by the U.S. option exchanges and by the national securities and self-regulatory organizations.

The Exchange Process Fee will rise or fall periodically depending upon the rates set by the SEC or by the U.S. option exchanges, as applicable.

Several U.S. option exchanges currently assess a fee upon Schwab for covered transactions. Of them, the Chicago Board Options Exchange (CBOE) and the International Securities Exchange (ISE) fees, as shown in the table below, will be included in the Exchange Process Fee.

4. Please contact Schwab’s fixed income specialists for product availability and other details.

+ Schwab reserves the right to act as principal on any fixed income transaction, public offering or securities transaction. When Schwab acts as principal, the bond price includes our transaction fee (outlined above) and may also include a markup that reflects the bid-ask spread and is not subject to a minimum or maximum. When trading as principal, Schwab may also be holding the security in its own account prior to selling it to you and, therefore, may make (or lose) money depending on whether the price of the security has risen or fallen while Schwab has held it.

Note: Large block transactions (orders of more than 250 bonds) may be available for special handling and/or pricing—please call us for information.

5. Restrictions apply: The standard online $4.95 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. Foreign ordinary shares that trade online in the U.S. over-the-counter (OTC) market and do not settle in the U.S. will have a $50 foreign transaction fee added to the cost of the transaction. All broker-assisted trades are subject to service charges. A minimum deposit of $25,000 is required to open a Schwab One International account. Waivers may apply. See the Charles Schwab Pricing Guide for details. Employee equity compensation transactions are subject to separate commission schedules.