TD Ameritrade follows suit with Charles Schwab, cutting commission to 0 starting October 3rd

After the recent Charles Schwab announcement, TD Ameritrade released this announcement shortly after:

There will still be a $0.65 fee per contract on options however. Quite interesting that this came out of the blue. It could be a push to drive Robinhood out of the market, as Online Brokerages aren’t as dependent on Commission as their main source of revenue anymore. However, I believe that this will have positive long-term effects on all online brokerages. What are your thoughts on this news?


h/t  Bkxpw


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