Hello Traders!
The good news continues, this week I found out that TDAmeritrade and Charles Schwab were offering free online trades, then I found out the E-Trades one of the first online brokerages has also begun offering free online stock trades, commission free and fee free!
These are the changes:
Online stock trades are Free
Online ETF trades are Free
Online options trades are now Free, but a $0.65 per contract fee.
Option exercise and assignment are Free.
Close any options trade for $0.10 or one dime.
This change comes after Charles Schwab and TDAmerica announced similar Fee to Free changes!
Charles Schwab Changes:
Online stock trades free.
Online options trades are now $0 per trade plus $0.65 per contract.
This is a big change for Stock traders as all their trades are now free. But also a big change for Options Traders as well, as they were previously paying a price of $7 to $15 for each order and now the price at all three brokerages is 65 cents per contract.
This is very exciting because the other online trading sites which were free or cheaper had very inferior or unintuitive platforms, so now you have the opportunity to use the best platforms in the industry for Free or near Free.
It may be a Bear Market but we have Bull market developments!
✍🏼 By Shortsegments
Picture Credits:
ER Rade Website, used under Creative Commons rules for advertising materials.