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Message
TD Ameritrade lowers cost per trade to $6.95
Posted on 3/1/17 at 9:49 am
Posted on 3/1/17 at 9:49 am
6
Posted on 3/1/17 at 9:51 am to LSUneaux
Fidelity goes from $7.95 to $4.95
Posted on 3/1/17 at 9:57 am to TigerTatorTots
Is Scottrade next?
Posted on 3/1/17 at 10:39 am to Paul Allen
This industry is going to end up being pennies per trade.
Posted on 3/1/17 at 11:14 am to lynxcat
quote:
This industry is going to end up being pennies per trade
Wouldn't shock me d they'd still be profitable.
That said, pennies per trade would make stock market "gambling" a problem.
Posted on 3/1/17 at 11:19 am to TigerTatorTots
quote:I use Fidelity for my trading account and did not know this. I just checked and you are right, $4.95 per trade. This is not a huge thing for me because I thought $7.95 was pretty cheap.
Fidelity goes from $7.95 to $4.95
Posted on 3/1/17 at 11:54 am to LSUneaux
Robinhood - $0 every trade. All day long.
Posted on 3/1/17 at 12:12 pm to PlanoPrivateer
quote:
quote:
Fidelity goes from $7.95 to $4.95
I use Fidelity for my trading account and did not know this. I just checked and you are right, $4.95 per trade. This is not a huge thing for me because I thought $7.95 was pretty cheap.
Just announced this week, schwab followed suit to the same amount.
Posted on 3/1/17 at 12:14 pm to Street Hawk
quote:
Robinhood - $0 every trade. All day long.
What's the catch here? Is execution not as good? Can you trade options? Do they have margin availability? Always been curious about this site.
Posted on 3/1/17 at 12:21 pm to whodatigahbait
quote:
What's the catch here? Is execution not as good? Can you trade options? Do they have margin availability? Always been curious about this site.
Not sure what all you can do in regards to margin and options. I do know it doesn't have anywhere near the data/research that is available through Fidelity. I use Fidelity for the majority of my investments and Robinhood for "play money" but use Fidelity to research stocks that I then buy on Robinhood.
Posted on 3/1/17 at 12:25 pm to TigerTatorTots
quote:
Fidelity goes from $7.95 to $4.95
Wonder if Vanguard will follow suit.
Posted on 3/1/17 at 12:51 pm to TigerTatorTots
quote:
Fidelity goes from $7.95 to $4.95
Charles Schwab follows suit.
Forbes Article
I'm currently with TD Ameritrade but it appears I'm renegotiating fees or moving elsewhere.
Posted on 3/1/17 at 12:51 pm to LSUneaux
thats still entirely too much, go to interactive brokers its significantly less but there are either account minimums $100k or x amount of monthly trades to avoid the inactive fee.
Posted on 3/1/17 at 2:02 pm to LSUneaux
Trying to compete with tradeking.
Posted on 3/1/17 at 2:06 pm to dabigfella
I pay notta for trades, it is part of my work funded 401K UBS account that charges .75% a year....so I guess it's really not nothing.
Posted on 3/1/17 at 2:09 pm to LSUneaux
Good to know.
Wonder if they will reduce fees for self directed accts?
Wonder if they will reduce fees for self directed accts?
Posted on 3/1/17 at 2:33 pm to dabigfella
quote:
thats still entirely too much, go to interactive brokers its significantly less but there are either account minimums $100k or x amount of monthly trades to avoid the inactive fee.
I need to check what I do but I get unlimited trades with Morgan Stanley. Forget if I pay a % or a yearly amount though for the brokerage
Posted on 3/1/17 at 2:57 pm to GenesChin
Ib is awesome if you're an active trader I love them they have tons of stocks that E*TRADE doesn't have to short,shld,Sears was one I couldn't borrow till I switched. I've noticed margin requirements vary as well tesla was 40% at Etrade and 25% at ib. Ib also pays me a dividend on my tesla shares in this program where the shorts pay to borrow your shares and pay you interest you split with ib. I can't say enough about them can't believe I wasted so much time at etrade
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