Posts  / #POST-231563
REDDIT

Are Fidelity and Schwab literally free to trade on?

I
Jul 7, 2026 · 04:41

I have an advisor that charges just under 1%. I'm not comfortable to invest on my own yet, but I'm getting there.

Just reading about Fidelity and Schwab. I can't seem to find the fine print anywhere. I know there may be expense ratios for actual funds, but other than that are they literally free? Is there some magic number like if I invest $100k it's going to start charging?

How can they be legitimately free? Are there hidden fees?