Brokerage account fees


Some have excellent customer service, available via phone, email or chat; others have extended wait times to receive a response even to basic questions or chats that sound overly scripted and robotic. If you want to know that you can get a real, live person when you need help, call the broker's toll-free number and say you have questions about opening an account. While one representative might not represent the entire pool of service people you'll always get, such calls are a great way to evaluate how friendly, responsive, and knowledgeable the company may be if you become a customer.

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Finance your fixer-upper with the equity in your home. Setting Up an Investing Account If you're a new investor with limited funds, an online, no-frills brokerage account might be just the thing you need. Many large banks also offer brokerage services. But the opening amount is just the beginning of the investment you'll make in your brokerage.

Other Fees Funding the account is the first step. Once you start investing, you will have to pay other fees, including the various trading commissions to buy stocks, mutual funds, and options, as well as maintenance fees and potential low-balance penalties. The online brokerages vary widely in terms of trading fees, self-service and broker-assisted trades, and the types of tools and research available to customers. Don't be fooled -- many online brokers will promise low trading fees or special promotions, but then hit you with an annual or maintenance fee.

You may also get money back as interest earned on the cash you hold in your account. Often that cash is automatically swept into a money market mutual fund or account.

While the interest rates are paltry right now, at least your idle cash earns something while you wait to make a trade. Many are incorporating mobile access and even smartphone apps into their basic service lineups. As with any service, the level of sophistication varies depending on the broker.

All broker-assisted trades are subject to service charges. Employee equity compensation transactions are subject to separate commission schedules. ATM fee rebates do not include currency exchange fees; fees imposed by merchants for POS transactions; or fees for stamp purchases, balance inquiries, or any transactions other than an ATM cash withdrawal from your Schwab One International account.

In the event that you have not received a rebate for a fee that you believe is eligible, please call a Schwab Client Service Specialist for assistance. Schwab reserves the right to modify or discontinue the ATM fee rebate at any time. Explanatory brochure available upon request or at www. Not all products, services, or investments are available in all countries. Nothing on this website is an offer to sell or a solicitation of an offer to buy securities, products or service, by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation.