Commissions at brokers continue to decline

There is an ongoing commission war among the major brokers.

Charles Schwab Corp. will reduce the price of standard trades of stocks and exchange-traded funds on its online service, bringing them below those of its competitors, and lower expenses on its market-cap weighted index mutual funds, it said Thursday.

Effective Friday, Schwab will cut its standard online equity and ETF trade commissions to $6.95 from $8.95, bringing them below those of competitors, including Fidelity Investments and the Vanguard Group, it said.

TD Ameritrade and E*Trade charge commissions of $9.99 per stock trade. Fidelity charges $7.95 per stock and ETF trade, with the exception of their commission-free ETF options.

source: WSJ

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