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Author Topic: Commission Free Trading  (Read 585 times)

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HawgWild

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Commission Free Trading
« on: October 02, 2019, 09:14:36 am »

Got an email from TD Ameritrade this morning announcing commission free trading beginning tomorrow, 10/2. Nothing's free. What's next, account maintenance fees?
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ricepig

Re: Commission Free Trading
« Reply #1 on: October 02, 2019, 09:59:44 am »

I don’t know, but I saw it hit all the discount guys really hard in the market. I agree, nothings for free.
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aristotle

Re: Commission Free Trading
« Reply #2 on: October 02, 2019, 12:22:18 pm »

They are reluctantly matching Schwab's move. They'll make their money through advisers (and robo advisers). As a TDAm user, this is good news for me. But I don't own stock in the company.
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HawgWild

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Re: Commission Free Trading
« Reply #3 on: October 02, 2019, 04:55:42 pm »

But I don't own stock in the company.

Good thing. Saw where the pps was down 26% today.
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aristotle

Re: Commission Free Trading
« Reply #4 on: October 03, 2019, 09:09:51 am »

Good thing. Saw where the pps was down 26% today.

Definitely not a decision they were happy about making. It was, however a perceived necessity to match the Schwab move.
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GoHogsGo321

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Re: Commission Free Trading
« Reply #5 on: October 04, 2019, 06:31:29 pm »

Doing this because more people are going to Robinhood. 
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