muscleman Posted December 17, 2018 Share Posted December 17, 2018 I am surprised to see this 500 free trades offer today from schwab. https://www.schwab.com/public/schwab/active_trader/start_trading/500year_offer2.html I know BoA offers a lot of free trades per month, and Chase started doing that as well. Robinhood is always free for all trades, and now Schwab joined the party as well? It seems like getting more client's money so they can get more kick-backs from Citadel is the new way to do business. ::) Note that all these brokerage firms have close to 0 interest payment on the cash balance, which is probably another source of income for them. At the same time, Fido pays 1.8% for idle cash if you choose "Government Obligation" as the cash sweep vehicle, while IBKR pays 1.7% on your idle cash. Link to comment Share on other sites More sharing options...
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