Schwab drops stock trading commissions as fee war escalates

Schwab drops stock trading commissions as fee war escalates

Discount brokerage Charles Schwab said on Tuesday it is eliminating commissions for online trading of stocks, ETFs and options listed on U.S. or Canadian exchanges. The decision marks a turning point for online brokers, as newer rivals such as Robinhood have been capturing market share in recent years by offering commission-free stock trades.

Simone
Simone
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