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Australian buy-and-hold investors · ETF dollar-cost-averaging investors · Investors wanting CHESS-sponsored ASX holdings

Best suited for U.S.-centric investors and active traders who want a large, bank-affiliated multi-asset brokerage with $0 online listed stock/ETF commissions, strong platform dept…

Australian financial services are under Sanlam AFSL/Pearler AR structure; US clearing broker Alpaca is FINRA/SIPC member.

SEC; FINRA; SIPC; CFTC; NFA; FDIC

AR 1281540; Sanlam AFSL 337927; Openmarkets AFSL 246705; Cache Investment Management AFSL 514360; Cache RE Services AFSL 494886; super partners include AFSL 229757/500032/226319.

Charles Schwab & Co., Inc. CRD 5393; SEC 801-29938 and 8-16514

Pearler is AR 1281540 of Sanlam Private Wealth AFSL 337927; ASX products use Openmarkets AFSL 246705; US products use Alpaca Securities; Micro fund issued by Cache (RE Services) AFSL 494886.

Charles Schwab & Co., Inc.; Charles Schwab Futures and Forex LLC; Charles Schwab Bank, SSB; Charles Schwab Premier Bank, SSB

Not applicable / not disclosed for long-only shares/ETF investing; no negative balance protection guarantee found.

Not disclosed as retail brokerage negative balance protection; futures/forex are leveraged and losses may exceed initial investment.

US securities clearing broker Alpaca is FINRA/SIPC member; ASX holdings are CHESS-sponsored/HIN-based; cash/trust and partner structures vary by product.

SIPC protection up to $500,000 including a $250,000 cash limit for brokerage account assets; futures accounts are not protected by SIPC.

ASX initial investments must be at least AUD 500; Micro starts from AUD 5.

$0 minimum for standard U.S. brokerage and IRA accounts; Schwab One International accounts require a minimum deposit but amount is not disclosed in checked official pages.

Not applicable: Pearler is a shares/ETF investing platform, not a forex/CFD spread broker.

Not applicable to this stock/ETF investment broker profile; no CFD/FX spread schedule identified as a core product in reviewed sources.

AUD 6.50 per ASX or US buy/sell; prepay discount can reduce each buy/sell by AUD 1.00.

stock_commission: $0 online commission for listed stocks and ETFs; OTC equities $6.95; broker-assisted service charge $25; etf_commission: $0 online commission for listed U.S.-exchange ETFs; options_commission: $0 online base commission plus $0.65 per options contract; futures_commission: $2.25 per contract, per side, for futures and futures options; exchange, regulatory, overnight, NFA, and market-data fees may apply; mutual_fund_commission: $0 on thousands of Schwab Mutual Fund OneSource funds; all other mutual funds up to $74.95 per purchase; bond_commission: New-issue bonds/CDs: $0 online/selling concession included; Treasuries online $0; most other secondary bonds $1 per bond with $10 minimum and $250 maximum; forex_commission: $0 commission; forex trade costs are reflected in the bid/ask spread

Free to deposit and receive dividends for ASX and US Invest; Micro has nil establishment/contribution fees per FSG/PDS summary.

$0 for funds entering a standard brokerage account; banking deposit services generally no monthly/account minimum fees, but certain services can have fees

Pearler pricing says users can withdraw and close their account any time; managed-fund FSG summary lists withdrawal fee and exit fee as nil.

No fee for routine withdrawals from standard brokerage per FAQ; full outbound ACAT $50 and outgoing wire $25; Schwab Bank Investor Checking has unlimited ATM fee rebates for cash withdrawals worldwide, subject to conditions.

No inactivity fee found in the checked official pricing/FSG pages.

$0 annual maintenance/inactivity fee for standard brokerage accounts

ASX shares/ETFs, US shares/ETFs, managed-fund Micro options and self-directed super investments.

Stocks; fractional shares; ETFs; mutual funds; bonds/CDs/fixed income; money market funds; options; futures; futures options; forex; international stocks/ADRs/foreign ordinaries; cash products; annuities; alternatives; crypto ETPs/securities/futures.

Pearler website and Pearler mobile app.

Schwab.com; Schwab Mobile; thinkorswim desktop; thinkorswim web; thinkorswim mobile; paperMoney

ASX Invest supports multiple accounts (individual, joint, trust or minor); Pearler also offers Micro, Super, HomeSoon and Headstart products.

Individual Brokerage; Joint Brokerage; Schwab One Brokerage; Investor Checking-linked brokerage; Futures Account; Global Account; IRAs; custodial, education, trust, estate, organization, and business retirement accounts; Schwab Intelligent Portfolios.

AUD Cash funding via Invest & Cash/app; bank account linking uses Basiq or small deposit; PayID/direct debit/PayTo via Zepto; USD ACH and Wire details are available for US bank accounts.

ACH/electronic transfer/MoneyLink; wire transfer; check/mail check; Schwab Mobile Deposit for checking; direct deposit for checking; account transfer/ACAT; branch/in-person deposit where available.

Withdraw cash from AUD Cash to linked primary bank account through website or mobile app.

Transfer to linked bank/checking; wire transfer; check; ATM/debit card for Schwab Bank Investor Checking; ACAT outbound account transfer.

After a sell order, funds must settle for 2 business days before they are available for withdrawal; deposit holds can apply.

Cash moved from brokerage to linked Investor Checking is generally available in seconds, but weekend/after-hours transfers may not be available until the next business day; other withdrawal methods vary/not fully disclosed on checked pages.