E*Trade Announces $0 Base Commissions for Online Stock, ETF, and Options Trades

Post by User23 » Sat, Oct 05, 2019, 9:32 PM UTC

Post by dang » Sat, Oct 05, 2019, 9:35 PM UTC

mrep wrote: post #3

Right along with charles schwab [0]. Amazing what a little competition from Robinhood can do. [0]: https://www.cnbc.com/2019/10/01/charles-schwab-is-eliminatin...

Post by Animats » Sat, Oct 05, 2019, 9:44 PM UTC

Post by alphabettsy » Sat, Oct 05, 2019, 9:57 PM UTC

maxerickson wrote: post #7

Animats wrote: post #6

So how do they make their money? Front-running? Payments for order flow?

Interest. https://www.kalzumeus.com/2019/6/26/how-brokerages-make-mone...

Post by charlesdm » Sat, Oct 05, 2019, 10:04 PM UTC

User23 wrote: post #2

Maybe next the brokers will stop asking almost 6% above Libor for a loan that’s better secured than most mortgages. I get offers in the mail for unsecured personal loans that are better rates than margin from any broker besides Interactive Brokers. Warning about them though: I hear they are extremely aggressive on margin calls and skip right to liquidation so be smart.