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...
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E*Trade Announces $0 Base Commissions for Online Stock, ETF, and Options Trades
21–30 of 73 posts
Re: E*Trade Announces $0 Base Commissions for Online Stock, ETF, and Options Trades
#22Thinking of moving from Fidelity to Etrade/TD Ameritrade but hanging around a bit and seeing if (when) Fidelity would follow suit with implementing 0 commission trades.
I really like Etrade's research tools and trading tools. Power Etrade is very useful for deciphering short/medium term trades.
Re: E*Trade Announces $0 Base Commissions for Online Stock, ETF, and Options Trades
#23Re: E*Trade Announces $0 Base Commissions for Online Stock, ETF, and Options Trades
#24Re: E*Trade Announces $0 Base Commissions for Online Stock, ETF, and Options Trades
#25E*Trade, Schwab, and pretty much every other brokerage is playing catchup with RobinHood, which has had free trades on stocks and options from the very beginning. This has caused a steady exodus of users on these commission charging platforms, crossing over to RH. It's especially pronounced with Millenials and Gen-Z / "Post millenials".
You may not always get the best pricing, and also there are no market trades as of this writing on RobinHood, but the RH UI handily beats everyone else in terms of ease of use and simplicity.
The options trading functionality, for instance is very simple. You select options and then it presents you with a list of (screen) options on whether you think stock will go up, down, or sideways. Based on that, they show you low risk, high risk call options, put options or stangles and straddles. You can place a trade with a couple of taps. If you want to get more specific and sophisticated, you can choose the expiry dates and select your own call / put options.
Compare this to TD Ameritrades UI and Schwab's UI, it looks like some guys from the 90s, stuck in the 90s, are still working on the UI team.
Truly clunky, horrible, confusing and annoying.
Re: E*Trade Announces $0 Base Commissions for Online Stock, ETF, and Options Trades
#26Re: E*Trade Announces $0 Base Commissions for Online Stock, ETF, and Options Trades
#27Right 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...
Id venture robinhood is getting a little too much credit here.
The order this happened in was Interactive Brokers, Schwab, TD Ameritrade, Etrade. They were obviously all prepared to do it in the event one of them went for it. Interactive Brokers did this more to give themselves a competitive edge over Schwab, TDA, and ETrade. That lasted about a day.
Re: E*Trade Announces $0 Base Commissions for Online Stock, ETF, and Options Trades
#28Thinking of moving from Fidelity to Etrade/TD Ameritrade but hanging around a bit and seeing if (when) Fidelity would follow suit with implementing 0 commission trades.
Fidelity already offers no-commission trades on most of the iShares ETFs.
Re: E*Trade Announces $0 Base Commissions for Online Stock, ETF, and Options Trades
#29Maybe 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.
Interactive's margin rates are benchmark + 1% for 100k, bm + 5% for 1m. So right now, 2.33% at $1m which compares really favorable to a mortgages. They also let you set liquidation preferences on your assets.
Re: E*Trade Announces $0 Base Commissions for Online Stock, ETF, and Options Trades
#30Right 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...
Id venture robinhood is getting a little too much credit here. The order this happened in was Interactive Brokers, Schwab, TD Ameritrade, E trade. They were obviously all prepared to do it in the event one of them went for it. Interactive Brokers did this more to give themselves a competitive edge over Schwab, TDA, and E Trade. That lasted about a day.
Kinda sucks that IB started a whole new (gimped) service for this. I want my TWS and API access, why can't they let me choose whether I want to pay commissions or let them sell my order flow and do the trades for free?