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It has a 1.02% annual fee, but be careful of the 1.5% short-term trading fee for sales within 90 days of purchase.
It charges $.90 per contract up to 10 contracts; there are no fees per contract after that, so your total trading fee for each side of the trade is capped at $9.00.
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The traders say they have brought greater competition to the markets and have substantially cut trading fees for even the smallest investors.
No trading fees for matching orders, you will have to pay an initiation fee to each server you want to trade through.
They climbed a collective 9.6% (before dividends and after a 1% trading fee on new positions), versus 10% for equivalent amounts invested at the same times in the S&P.
The new lower trading fees at Schwab argue for its consideration for any account that can handle market risk.
The 50 long recommendations fell a collective 10.6%, after our usual 1% subtraction for trading fees.
But these were rejected by European officials, prompting further concessions two weeks ago and an assurance last week that derivatives trading fees would be capped for three years after the deal.
"We have had short-term trading fees on our international funds for many years," said Scott Beyerl, a spokesman for Fidelity Investments, the largest American fund manager.
Hoped-for 2000 revenues: $3 million to $5 million in trading fees.
Hoped-for 2000 revenues: $5 million in trading fees and advertising.
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