Charles Schwab (thinkorswim)
$0 stock commission · fractional shares · 24/5 overnight trading · options
Key capabilities
- Commission
- $0
- Fractional shares
- Yes
Schwab Stock Slices, S&P 500 only, ≥ $5/slice, up to 30 at once
- Extended hours
- Yes
- Overnight (24/5)
- Yes
~1,130 eligible · S&P 500 + Nasdaq-100 + Dow 30 + ~600 ETFs
- Options
- $0.65
- OTC access
- 3/5 full, 2/5 limited
- Penny-stock surcharge
- Variable service fees on certain restricted
- Short locate
- moderate
OTC market access by tier
OTC Markets organises non-exchange-listed securities into five tiers by disclosure quality. Charles Schwab (thinkorswim)’s coverage:
- OTCQXFull
- OTCQBFull
- Pink CurrentFull
- Pink LimitedLimited
- Grey MarketLimited
Notes
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Frequently asked
- What does Charles Schwab (thinkorswim) charge for stock trades?
- $0 on stocks, with a variable service fees on certain restricted penny-stock surcharge.
- Does Charles Schwab (thinkorswim) offer fractional shares?
- Yes — schwab stock slices, s&p 500 only, ≥ $5/slice, up to 30 at once.
- Does Charles Schwab (thinkorswim) have 24-hour trading?
- Yes — approximately 1,130 eligible securities (S&P 500 + Nasdaq-100 + Dow 30 + ~600 ETFs).
- Can I trade penny stocks and OTC names on Charles Schwab (thinkorswim)?
- Partial. 3/5 OTC tiers offer full access, 2/5 with limited access. Pink Limited and Grey market are typically the most restricted.
- What does Charles Schwab (thinkorswim) charge for options?
- $0.65 per contract.
