Low costs and great service shouldn't be a tradeoff.
See how Schwab compares.
Pricing: US$0 commissions on online listed equity trades
- Schwab
- Phillips Securities
- Interactive Brokers (IBKR PRO)
- Saxo
- Tiger Brokers
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Online equity trade price structure>SchwabOne flat fee>for all trade sizesPhillips SecuritiesFlat fee>depends on Total Asset ValueInteractive Brokers (IBKR PRO)Fee decreases>
with trade size
SaxoFee decreases>
with premium client account planTiger BrokersFee increases>
by trade size-
Online listed equity trade commission>SchwabUS$0>per trade1Phillips SecuritiesUS$3.88 for asset value SGD0 - 29,999>US$2.88 for asset value SGD30,000 - 249,999US$1.88 for asset value SGD250,000+Interactive Brokers (IBKR PRO)US$0.0035 per share(for <=300K shares/month)Minimum US$0.35 per tradeMaximum 1% of trade valueSaxoBronze - 0.06% (min. US$4)>Silver - 0.04% (min. US$3)Gold - 0.03% (min. US$2)Platinum - 0.025%(min. US$1.50)Diamond - 0.02%(min. US$1)Tiger BrokersUS$0.005 / Share>Min. US$0.99 / Order Max. 0.5% *Trade Value / Order
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Monthly account maintenance fee>SchwabUS$0>Phillips SecuritiesSGD16.05 per quarter (Waived for account with > 1 trade per quarter)Interactive Brokers (IBKR PRO)U$0>
SaxoBronze - FreeSilver - SGD5/monthGold - SGD15/monthPlatinum - SGD45/monthDiamond - SGD145/month (waived with conditions)Tiger BrokersUS$0>-
Satisfaction Guarantee2>SchwabTRUE>Phillips SecuritiesX>Interactive Brokers (IBKR PRO)X>SaxoX>Tiger BrokersX>
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Custody>SchwabUS$0>Phillips SecuritiesWaived until 12/31/2022>Interactive Brokers (IBKR PRO)US$0>SaxoBronze - 0.12%>Silver - 0.12%Gold - 0.12%Platinum - 0.12%Diamond - 0.06%VIP - 0.06%Tiger BrokersUS$0>
What you might expect to pay on a typical online buy and sell listed stock trade.
- Schwab
- Phillips Securities
- Interactive Brokers
- Saxo
-
Tiger Brokers
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Total fee for a round trip of 2,500 Shares at $10 per share ($25,000) held for 1 year>SchwabUS$0>Phillips Securities$7.76>Interactive Brokers$17.50>Saxo$30.00>Tiger Brokers$25.00>
All costs displayed are standard online equity trades. Competitor firm pricing information obtained from their respective websites as of 4/20/2022. Competitor pricing and offers subject to change without notice.
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