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Charles Schwab account types

Every account type Charles Schwab offers, with the minimum deposit and the terms, as recorded in the database.

Facts last checked . Read the full Charles Schwab review.

Accounts

Minimum deposit
$0
Account types
Individual Brokerage, Joint, Trust, Schwab One, Schwab One International, Global, Traditional IRA, Roth IRA, Rollover IRA, Custodial, Organization, Retirement, Margin, Futures, Forex, Paper Trading
Account currencies
USD, Global Account also supports AUD, CAD, EUR, GBP, HKD, JPY, NOK
Islamic account
No
Demo account
Yes, paperMoney
Professional account
Yes, specialist institutional/professional services
Minimum trade size
1 share or fractional Stock Slice from $5; forex minimum varies by instrument
Time to open
Approximately 15-20 minutes application time

What this means

Charles Schwab runs 16 account types. More choice is not automatically better: the tightest headline spread almost always sits on the account that also charges a commission, so the comparison that matters is the two added together.

Base currencies: USD, Global Account also supports AUD, CAD, EUR, GBP, HKD, JPY, NOK. Holding the account in the currency you fund it with avoids a conversion charge on every deposit and withdrawal - a cost that never shows up in a spread comparison.

The smallest position is 1 share or fractional Stock Slice from $5; forex minimum varies by instrument. For anyone starting carefully this matters more than the minimum deposit, because it sets the least you can put at risk on a single trade.

A demo account is available. Worth using for the platform rather than the results: fills are simulated, so it tells you how the software behaves but very little about execution.

Questions about Charles Schwab accounts

What account types does Charles Schwab offer?

Charles Schwab offers 16 account types: Individual Brokerage, Joint, Trust, Schwab One, Schwab One International, Global, Traditional IRA, Roth IRA, Rollover IRA, Custodial, Organization, Retirement, Margin, Futures, Forex, Paper Trading.

What is the minimum deposit at Charles Schwab?

The minimum deposit at Charles Schwab is $0. It can differ by account type and by the entity you register with.

Which base currencies does Charles Schwab support?

Charles Schwab accounts can be held in USD, Global Account also supports AUD, CAD, EUR, GBP, HKD, JPY, NOK. Holding the account in the currency you deposit avoids a conversion charge on every deposit and withdrawal.

Accounts at brokers under the same regulator

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