Fund giant Vanguard is the latest brokerage to slash trading fees to zero - Business Insider

Online trading platform Robinhood was among the first services to offer commission-free trading in March 2015. The startup has since added new features likeVanguard already offered zero-commission exchange-traded funds through its platform. The company's new policy will still levy a $1 fee per contract for options transactions.

"Lowering the cost of investing is business as usual for Vanguard," Karin Risi, managing director of Vanguard's Retail Investor Group, said in a statement. "The expansion of our commission-free platform marks the latest demonstration of this unwavering commitment to our clients."in November that he wasn't convinced commission-free trading would benefit the firm's customers.

Though some analysts feared the slashing of fees would cut out a major revenue source for brokerage firms, some companies have already reported the move to be successful in attracting new clients. Schwab saw trading accounts

Great news from the low cost leader. John Bogel’s legacy lives on.

odibro Can’t take your money out anyway.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Should you invest your emergency fund? With enough extra money, yes - Business InsiderI have a year's worth of expenses in my emergency fund, and I started feeling like I was missing out by leaving so much money in a savings account. The Waz off-road car is cool I hope there’s addl reinforcement in that hood framing
Source: BusinessInsider - 🏆 729. / 51 Read more »

Strategies for negotiating more pay and benefits at work - Business InsiderQuantifying what you've accomplished and comparing salaries of similar roles are key to successfully negotiating higher pay and benefits.
Source: BusinessInsider - 🏆 729. / 51 Read more »