Home › Forums › Financial Markets/Economics › Charles Schwab just dropped trading commissions to $0
- This topic has 9 replies, 6 voices, and was last updated 5 years, 1 month ago by Coronita.
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October 1, 2019 at 10:47 AM #22756October 1, 2019 at 2:19 PM #813694The-ShovelerParticipant
Not big into trading these days (maybe 20 years ago LOL).
But it seems they must be making something off the transaction.
October 1, 2019 at 5:04 PM #813695CoronitaParticipant[quote=The-Shoveler]Not big into trading these days (maybe 20 years ago LOL).
But it seems they must be making something off the transaction.[/quote]
They make money with all the accounts with sizeble deposits.
October 2, 2019 at 9:12 AM #813696OwnerOfCaliforniaParticipantTD Ameritrade just matched, as expected:
https://finance.yahoo.com/news/td-ameritrade-joins-party-cuts-232459946.html
October 2, 2019 at 9:15 AM #813697spdrunParticipantThey’re making money off of either margin fees or not giving the most favorable buy/sell prices. Possibly both. I’d honestly rather pay a commission and get the most favorable prices than have the fees be hidden and non-transparent.
October 2, 2019 at 10:19 AM #813698CoronitaParticipant[quote=spdrun]They’re making money off of either margin fees or not giving the most favorable buy/sell prices. Possibly both. I’d honestly rather pay a commission and get the most favorable prices than have the fees be hidden and non-transparent.[/quote]
Lol… Unless you have several millions or your family does, you will never get the most favorable prices….
Folks with a large account or with family with a large family account always gets placed at the front of the queue. Doesn’t matter unless you day trade.
October 2, 2019 at 11:28 AM #813699scaredyclassicParticipant[quote=flu][quote=spdrun]They’re making money off of either margin fees or not giving the most favorable buy/sell prices. Possibly both. I’d honestly rather pay a commission and get the most favorable prices than have the fees be hidden and non-transparent.[/quote]
Lol… Unless you have several millions or your family does, you will never get the most favorable prices….
Folks with a large account or with family with a large family account always gets placed at the front of the queue. Doesn’t matter unless you day trade.[/quote]
Vanguard has a long list of fee free ETFs
October 2, 2019 at 5:15 PM #813704outtamojoParticipant[quote=OwnerOfCalifornia]TD Ameritrade just matched, as expected:
https://finance.yahoo.com/news/td-ameritrade-joins-party-cuts-232459946.html%5B/quote%5D
I am holding out for a free toaster.
October 3, 2019 at 8:38 AM #813706scaredyclassicParticipant[quote=outtamojo][quote=OwnerOfCalifornia]TD Ameritrade just matched, as expected:
https://finance.yahoo.com/news/td-ameritrade-joins-party-cuts-232459946.html%5B/quote%5D
I am holding out for a free toaster.[/quote]
Toast really is one of the best dishes one can make
October 12, 2019 at 7:36 AM #813741 -
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