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GreedyAgorist

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GreedyAgorist

Re: Garyst post# 85249

Friday, 10/11/2019 2:05:18 PM

Friday, October 11, 2019 2:05:18 PM

Post# of 89915
Too good to be true for zero commissions on penny stock trades, that is, too good too last in the case of some brokers who introduced zero commissions this week. Let's look at four of the larger brokers: E*Trade, Fidelity, TD Ameritrade, and Schwab.

As far as penny stocks go, the zero commission deal no longer applies at E*Trade, and may never have applied at TD Ameritrade.
E*Trade: $3.95 (maybe 2.95 for IRAs, your mileage may vary)
TD Ameritrade: 6.95 (Yikes! That rate seems like it is from a previous century, doesn't it?)

As for Fidelity and Schwab, they still seem to be honoring zero commissions on penny trades as of today.

My new goal in life is to be interviewed by Chantel Elloway. When that happens, my comments will be story, observation, opinion, maybe even enthusiasm. What I say will never be instructions on how you should risk your money. Same goes for these posts.

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