Just a month after Charles Schwab & Co., Inc. announced they were reducing trading commissions, they have delivered more good news! Schwab anticipated that their competitors would likely respond to their significant commission decreases and they were right. Now, Schwab is adjusting their pricing again to remain competitive and make sure that trading commissions will never become a barrier to choosing them as a Custodian.
Starting on March 3, 2017, Schwab reduced their standard online equity and ETF trade commissions further, from $6.95 to $4.951 per trade. Schwab’s cost of investing will continue to remain among the lowest in the industry.