E*Trade (NASDAQ:ETFC) sinks 14%, TD Ameritrade (NASDAQ:AMTD) slides 14%, Interactive Brokers (IEX:IBKR) falls 4.6%, and Charles Schwab (NYSE:SCHW) falls 6.1% after Schwab announces that it will reduce U.S. stock, ETF, and options online trade commissions from $4.95 to zero, starting Oct. 7, 2019.
The company said there’s no minimum account size to open a full-featured Schwab brokerage account.
https://seekingalpha.com/news/3502850-online-brokers-tumble-schwab-cuts-commissions-zero
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