Blogs by Eric Sandrib

October 3, 2019

In the last 48 hours, three of the four largest discount brokerages have cut their commission charges on trades to zero. Combined, Charles Schwab (who commenced the expedition to zero), TD Ameritrade, and E-Trade have US$2.35 trillion retail client assets and over 28 million brokerage accounts. Thus, the switch to zero commission by these three firms enables the majority of U.S.-based clients engaged with retail brokerages to now use their services for free.