Trader Upgrade

TDAmeritrade announced today , October 1, 2019, that it will begin offering $0 commissions on stock trades, effective October 3, 2019. The news came after a competitor, Charles Schwab, released news that they would be offering $0 commission trades effective October 7, 2019. There has been pricing pressure on brokerages' commission structures over the years after many brokerages charged up to $10 on trades just a few years ago. Popular firms like Etrade and TDAmeritrade gradually lowered their commissions to $7 or $5 to compete against each other. Recently, startups such as Robinhood and WeBull have gained popularity with millennials and new traders with their $0 Commission pricing structure. The downside to these startup brokerage companies is that they have not been able to offer much as far as customer support and trading tools and platforms. TDAmeritrade's award-winning Thinkorswim platform , education program, and customer support really give them a hug