Broker no commission on shares, ETF, options - Charles Schwab stops taking commissions for trading stocks
Charles Schwab Corp Discount Brokerage Company ( SCHW. N ) said on tuesday, what eliminates commissions for online stock trading, ETF and options, listed on the US or Canada stock exchanges. Experts warn, what is the last step of Schwab, probably, will have an impact on the entire sector, forcing competitors to follow suit and eliminate commissions. TD Ameritrade competitors ( AMTD. O ) and E * Trade ( ETFC. O ) decreased by 22% And 18% respectively, while Schwab shares were down 9,7%.