Brokerage Commission Fee Cuts
You may have seen the news…TD Ameritrade, Schwab, and other brokerages are eliminating base commissions!
The TDA change goes into effect on October 3, 2019. Schwab’s change is effective October 7, 2019. That’s when you should start to see lower commissions on qualifying trades in your account(s).
Option trades at TDA will now have only a $0.65 per contract fee with no exercise or assignment fees. Please see the company press release for additional details on this milestone announcement: The Best Just Got Better: TD Ameritrade Introduces $0 Commissions for Online Stock, ETF and Options Trades.
If you have any questions, feel free to reach out to the ZEGA team.