The Pitfalls Behind Zero-Fee Trading
by Ryan Ermey, Associate Editor, Kiplinger's Personal Finance
Nov 01, 2019
2 minutes
After a years-long race among online brokers to slash investor costs to the minimum, in the end it only took a few days for a handful of major firms to cross the proverbial finish line. In October, announced it would eliminate its $4.95 commission on all online stock, exchange-traded fund and options trades. Within a week, several big-name online brokers rolled out similar commission-free, , , and . Some trading fees still apply: Options traders at these firms must still pay contract fees, for instance. But those have been lowered in some cases, too.
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