3 down, 2 to go. Interactive Brokers, Schwab and TD Ameritrade are all going unlimited no-fees on trading commissions for stocks and ETFs
Of the big 4, ETrade and Fidelity are left. Won’t hurt Schwab as much as TD and ETrade, who have greater revenue exposure to stock and ETF commissions. Stock prices down across the board
And ETrade has followed suit. That didn’t take long!
More free stock trades for all coming soon. From Square, maker of the Cash app. They’ll be competing against Robinhood and other traditional stock brokers. They’ll be offering the ability to trade fractional shares as low as $1. Cool!
This literally reminds me of when MetroPCS came in the cellular service game offering unlimited calls/texts/emails/internet for a standard price which forced all the major cellular services in America to do the same. When a company provides a quality product to consumers for a reasonable trade off you’ll usually find the big guys will follow suit.