Min. Account Funding
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| Types | Charges | Remarks |
|---|---|---|
| Trading Fees (Online) | US$0 | Please note that the standard online US$0 commission does not apply to large block transactions. |
| Trading Fees (Broker-assisted) | US$25 | N/A |
| Monthly account maintenance fee | US$0 | N/A |
| Items | Charles Schwab | Charles Schwab First Trade |
|---|---|---|
| Trading Fees | US$0 | US$0 |
| Minimum deposit for account opening | US$25,000 | No minimum deposit required |
| Margin rate | NA | 8.75% |
| Investment products | Stocks, Exchange-traded Funds (ETFs),American Depositary Receipts (ADRs) , Fixed Income, etc. | Stocks, Exchange-traded Funds (ETFs) , Fixed Income, etc. |
| Ways to deposit | Wire transfer, check deposit & bank transfer | ACH electronic funds Transfer, wire transfer & bank transfer |
| Items | Charles Schwab | TD Ameritrade |
|---|---|---|
| Trading Fees | US$0 | US$0 |
| Minimum deposit for account opening | US$25,000 | US$0 |
| Margin rate | NA | 7.50-9.50% |
| Investment products | Stocks, Exchange-traded Funds (ETFs),American Depositary Receipts (ADRs) , Fixed Income, etc. | Stocks, Exchange-traded Funds (ETFs), Options, etc. |
| Ways to deposit | Wire transfer, check deposit & bank transfer | FPS, wire transfer, check deposit & bank transfer |
Download and fill out the account application and tax forms
Then, prepare required supporting documents e.g proof of ID
Next, submit the completed application and supporting documents to Charles Schwab office. Once the account is approved, you can fund your account and start investing.