Schwab cuts commissions to zero on US stocks, options and ETFs

RedDuke said:
Wow. No Commissions everywhere
More...

Not quite. Real service is still paid for. The free stuff is fluff.

Kind of a reversal from days of olde, when the fluff was $8 and $10 a trade, and the real stuff was $1. Now, the real stuff is *still* $1 a trade, but the fluff (whose development has been depreciated and only requires a new programmer for "mobile" development) is now, "free."

The march of technology.....
 
Simply amazing what a simple app like Robinhood can do to an entire industry. Its baffling that Robinhood has literally changed the entire brokerage industry upside down. No one would have thought this when Robinhood came about, they thought no way could they survive and here we are today with commission free trading. I remember how much commission I used to pay back in the day when calling a broker set you back a few hundred dollars. Glad those days are long gone. Wondering what industry will be next to give free service out, maybe call phone service sometime in the next 5 years? Waiting for that patiently.
 
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