Zero Commission

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Parvus
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Joined: Tue Jul 19, 2016 3:28 pm

Zero Commission

Post by Parvus » Wed Oct 02, 2019 4:03 pm

Finally!

OMAHA, Neb. - TD Ameritrade is also eliminating commissions for online trading of U.S. stocks and exchange-traded funds in the latest round of an industry battle over fees.

Investors will benefit from lower costs after the moves announced Tuesday by TD Ameritrade and Charles Schwab . But TD Ameritrade estimates it will lose about 15% of its revenue -- roughly $220 million to $240 million -- per quarter in the process.

TD Ameritrade said it will drop its commissions to zero from $6.95 on Thursday -- four days ahead of Schwab -- for online trading of stocks and ETFs listed in the U.S. and Canada.

TD Ameritrade's stock fell 25.8% Tuesday after Schwab's announcement. It slipped another 2% Wednesday.

The industry has been cutting investment fees for years, as customers demand lower expenses.
Каждый народ имеет то правительство, которое он заслуживает.

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