Schwab vs tastytrade options fees (2026)
Schwab is cheaper per contract ($0.65 vs $1.00). Schwab has the lower exercise/assignment fee ($0.00 vs $5.00). At the smallest balance tier each lists, Schwab charges 12.075% ($100-$24,999.99) and tastytrade charges 11.0% ($0-$24,999).
| Charles Schwab | tastytrade | |
|---|---|---|
| Per-contract commission | $0.65 Source: www.schwab.com, retrieved 2026-10-25 | $1.00 Source: tastytrade.com, retrieved 2026-10-25 |
| Exercise / assignment fee | $0.00 Source: www.schwab.com, retrieved 2026-10-25 | $5.00 Source: tastytrade.com, retrieved 2026-10-25 |
| Index option fees | $0.65/contract + exchange proprietary index fee passed through as Industry Fee (amount not stated by Schwab) Source: www.schwab.com, retrieved 2026-10-25 | $1.00/contract to open, $0 to close + $0.10 clearing + proprietary fee (SPX $0.60, RUT $0.18, VIX $0.35, NDX $0.25, XSP $0/$0.07) Source: tastytrade.com, retrieved 2026-10-25 |
| Margin rates | $100-$24,999.99: 12.075% $25,000-$49,999.99: 11.575% $50,000-$99,999.99: 10.625% $100,000-$249,999.99: 10.575% $250,000-$499,999.99: 10.325% Source: www.schwab.com, retrieved 2026-10-25 | $0-$24,999: 11.0% $25,000-$49,999: 10.5% $50,000-$99,999: 10.0% $100,000-$249,999: 9.5% $250,000-$499,999: 9.0% $500,000-$999,999: 8.5% $1M+: 8.0% Source: tastytrade.com, retrieved 2026-10-25 |
Per-contract figures exclude regulatory pass-through fees. Estimate your yearly cost with the calculator. See full pages for Schwab and tastytrade.