INSIDER
Charles Schwab, TD Ameritrade drop commissions for stock, ETF trading
Read full article: Charles Schwab, TD Ameritrade drop commissions for stock, ETF tradingCharles Schwab fired the latest shot in the war over fees charged by online brokers, announcing that it plans to eliminate commissions for trading stocks, ETFs and options on its mobile and web platforms. NEW YORK - An all-out price war has hit the brokerage industry as both Charles Schwab and TD Ameritrade have announced they will eliminate commissions for certain securities. Charles Schwab fired Tuesday's first shot in the war over fees charged by online brokers, announcing in the morning that it plans to eliminate commissions for trading stocks, ETFs and options on its mobile and web platforms. Investors will probably expect both discount brokers to counter the moves of Schwab and Interactive Brokers or risk losing market share. It said that as of Oct. 3, its US brokerage firm "will eliminate commissions for its online exchange-listed stock, ETF (domestic and Canadian), and option trades, moving from $6.95 to $0."