Combined with free third-party research and platform access – we give you more value more ways
Don’t drain your account with unnecessary or hidden fees. Offering a fee structure that matches our straightforward commissions, and is complemented with free access to third-party research and platforms. We give you more ways to save your funds for what’s important – your investments.
Certificate Withdrawal
| |
|---|---|
DEMO | |
Certificate Withdrawal2 | $500 |
Checking
| |
|---|---|
DEMO | |
Checkbook reorder | FREE/100, IRA – Free/20 |
Copy of check | $0 |
Debit Card
| |
|---|---|
DEMO | |
ATM fees* | Unlimited Rebates – Nationwide |
Annual fee | $0 |
Minimum balance | NONE |
*Any nationwide withdrawal fees incurred from using another bank’s ATM will be reimbursed. | |
Miscellaneous
| |
|---|---|
DEMO | |
Overnight delivery | Billed at cost |
Stop payment | $0 |
Reorganization
| |
|---|---|
DEMO | |
Mandatory | $38 |
Voluntary tender offer | $0 |
Statement & Trade Confirmations
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|---|---|
DEMO | |
Electronic statements | FREE |
Paper monthly statements by U.S. mail3 | FREE: accounts with liquidation value ≥ $10k $2: accounts with liquidation value < $10k |
Paper quarterly statements by U.S. mail | FREE: accounts with liquidation value ≥ $10k $2: accounts with liquidation value < $10k |
Paper trade confirmations by U.S. mail | FREE |
Replacement paper statement by U.S. mail | $5 |
Replacement paper trade confirmations by U.S. mail | $5 |
Transfers4
| |
|---|---|
DEMO | |
Outbound full account transfer | $75 |
Outbound partial account transfer | FREE |
Wires (outgoing) domestic or international | $25 |
DEMO
| |
|---|---|
Alternative Investment custody fee | $250 per position charged annually |
Alternative Investments transaction fee | $100 per transaction |
Forced margin sellout | $25 + applicable commission |
Foreign Security (Non-Canadian OTC stocks) | $44 + applicable commission and all applicable local market charges (as of 11/3/22) |
Mutual fund short-term redemption | $49.99 |
Commission-free ETF short-term trading fee | $0.00 |
Regulation T extension | $25 |
Restricted security processing | $250 |
Return check/electronic funding | $25 |
Removal of Non Marketable Security | FREE |
American Depositary Receipt (ADR) Fee | “ADR pass-through fees” are charged by banks that custody ADRs (ADR agents). The fees are charged to companies that allow their clients to hold ADRs, such as DEMO, and then those fees are passed through to the client that owns the ADR. The fee normally averages from one to three cents per share, however the amount and timing of these fees can differ by ADR and are outlined in the ADR prospectus. Certain countries charge additional pass-through fees (see below). |
French Financial Transaction Tax (FTT) Ordinary & ADR – all opening transactions in designated French companies will be subject to the French FTT. View impacted securities. | 0.30% of the total transaction cost |
Italian Financial Transaction Tax (FTT) Ordinary & ADR – all opening transactions in designated Italian companies will be subject to the Italian FTT. View securities subject to the Italian FTT. | 0.10% of the total transaction cost of in scope equities and other financial instruments, and a flat amount which ranges from EUR0 .025 to EUR 200 depending on the relevant instruments and on its notional value for derivatives, traded on a regulated market or multilateral trading facility in a EU Member State. |
Spanish Financial Transaction Tax (FTT) Ordinary & ADR – all opening transactions in designated Spanish companies will be subject to the Spanish FTT. View impacted securities. | 0.20% of the total transaction cost. |
DEMO
| |
|---|---|
“Section 31” Fee | $0.000008 per $1.00 of transaction proceeds |
Options Regulatory Fee | $0.009686 per options contract |
Trading Activity Fee | $0.000145 per equity share $0.00244 per options contract $0.00092 per bond $0.00000092 x value per asset-backed security trade |
The “Section 31 Fee” applies to certain sell transactions, assessed at a rate consistent with Section 31 of the Securities Exchange Act of 1934. DEMO remits these fees to certain self-regulatory organizations and national securities exchanges, which in turn make payment to the SEC. These fees are intended to cover the costs incurred by the government, including the SEC, for supervising and regulating the securities markets and securities professionals. The rate is subject to annual and mid-year adjustments which may not be immediately known to DEMO; as a result, the fee assessed may differ from or exceed the actual amount of the fee applicable to your transaction. Any excess may be retained by DEMO. Fees are rounded to the nearest penny. The Options Regulatory Fee varies by options exchange, where an options trade executes, and whether the broker responsible for the trade is a member of a particular exchange. As a result, DEMO calculates a blended rate that equals or slightly exceeds the amount it is required to remit to the options exchanges. The Trading Activity Fee will be assessed at a rate consistent with Section 1 of Schedule A of FINRA’s By-Laws for trading activity. Current rates are: $0.000145 per share for each sale of a covered equity security, with a maximum charge of $7.27 per trade; $0.00244 per contract for each sale of an option; $0.00092 per bond for each sale of a covered TRACE-Eligible Security (other than an Asset-Backed Security) and/or municipal security, with a maximum charge of $0.92 per trade; $0.00000092 times the value, as reported to TRACE, of a sale of an Asset-Backed Security, with a maximum charge of $0.92 per trade. Fees are rounded to the nearest penny. | |
Monthly Subscription Fees | ||
|---|---|---|
| Non-professional clients | Professional clients |
Streaming News | FREE | $99.00 |
NASDAQ Level I | FREE | $24.00 |
NASDAQ Level II | FREE | FREE |
Real-time OPRA quotes | FREE | $31.50 |
Real-time AMEX quotes | FREE | $23.00 |
Real-time NYSE quotes | FREE | $45.00 |
ICE Futures US | $115.00 | $115.00 |
Premium Research Subscriptions | ||
|---|---|---|
| Non-professional clients | Professional clients |
MarketEdge® Daily | $9.99 | |
MarketEdge Daily Plus | $19.99 | |
Carefully consider the investment objectives, risks, charges and expenses before investing. A prospectus, obtained by calling 800-669-3900, contains this and other important information about an investment company. Read carefully before investing.
Market volatility, volume and system availability may delay account access and trade executions.
Before rolling over a 401(k) to an IRA, be sure to consider your other choices, including keeping it in the former employer’s plan, rolling it into a 401(k) at a new employer, or cashing out the account value. Keeping in mind that taking a lump sum distribution can have adverse tax consequences. Be sure to consult with your tax advisor.
All investments involve risks, including the loss of principal invested. Past performance of a security does not guarantee future results or success.
DEMO was evaluated against 14 other online brokers in the 2022 StockBrokers.com Online Broker Review. The firm was rated #1 in the categories “Platforms & Tools” (11 years in a row), “Desktop Trading Platform: thinkorswim®” (10 years in a row), “Active Trading” (2 years in a row), “Options Trading,” “Customer Service,” and “Phone Support.” DEMO was also rated Best in Class (within the top 5) for “Overall Broker” (12 years in a row), “Education” (11 years in a row), “Commissions & Fees” (2 years in a row), “Offering of Investments” (8 years in a row), “Beginners” (10 years in a row), “Mobile Trading Apps” (10 years in a row), “Ease of Use” (6 years in a row), “IRA Accounts” (3 years in a row), “Futures Trading” (3 years in a row), and “Research” (11 years in a row). Read the full article.
†Applies to US exchange listed stocks, ETFs, and options. A $0.65 per contract fee applies for options trades.
This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Hong Kong, Japan, Saudi Arabia, Singapore, UK, and the countries of the European Union.
Brokerage services provided by DEMO, Inc., member FINRA/SIPC, a subsidiary of The Charles Schwab Corporation. DEMO is a trademark jointly owned by DEMO IP Company, Inc. and The Toronto-Dominion Bank. © 2023 Charles Schwab & Co., Inc. All rights reserved.
