First Schwab, then TD Ameritrade, and now ETrade: the race to zero is in full speed.
The three financial giants have now significantly reduced commissions, with Etrade eliminating commissions on all US stocks and ETFs starting October 7th. Schwab bid adieu to digital charges on US stocks, ETFs, and options, with TD Ameritrade following suit.
As financial services laws in the US bulk up and consumer awareness of fees increases, it seems more financial institutions are leaning toward eliminating commissions before an outside entity forces them to do so.
