schwab's prices for implementing trades are low versus full-service brokers, but it is not the least expensive discount broker. An analysis of commissions and fees among 19 discount brokers by Smat Money found that its fees were the highest for the three sample trades conducted (100 shares of a $20 listed stock, 500 shares of a $20 listed stock, and 100 shares of a $50 over-the-counter stock). Schwab's total price quote of these trades was $220, while the the lowest-priced firm (E*Trade) charged $69.85.