Charles Schwab goes Commission Free

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Warrior Trading // Ross Cameron // Day Trade Warrior

[connorforde]

Schwab also purchased TD Ameritrade. Waiting for the Think or Swim platform to be integrated with Schwab. Potentially lowering the interest rate that cash earns will offset the income from commissions.

[andrescv]

I love cybersecurity of schwab, everytime the system detects some unusual activity, they call you or send you a email or message to alert you that your account is open, they have protocols of security with your money, this is important in this time, when hackers are more dangerous than ever, remember is YOUR MONEY.

[jamesd]

Merrill Lynch/ Bank of America is similar to Schwab but has basically Commission free for years (100 free trades per month). Clearly, cannot day trading in either brokerage, investment or at most swing trading Large Cap only

[mikeandsues]

Sucks because Schwab just introduced new 6.95 fees per OTC trade. The reason I moved to them was because of their no fee OTC trading. Rethinking it now.

[obijuan]

TD is free too. And has one of the best workstations. I also use Schwab for Checking, because their ATM card has no foreign currency conversion fees when used overseas.

[TheAlbundy]

Get rid of PDT rule .. that is big next thing for any broker to convince the trade commission because it’s a scam

[TheNas]

Ross,
The big issue I think is the pfof( price for order flow). will it decrease?
Robinhood was theoretically free but not really because other brokers report price improvement such as schwab. You were getting a free trade but you were not ever getting a price improvement which could be tens of dollars on each trade.

[ComedyClipsYTB]

I think were going to see slightly more volume across the board. I also think people might take more risky trades/investments b/c of no commissions and that might get people into some trouble they wouldn't have been in otherwise.

[aembusiness]

Hey, I am super new to the stock market and stocks in general so please forgive me if this question isn’t a very smart one lol.
Is there a way to invest in a companies stock without using a middle man/without using one of the trading apps? Like say I want to buy stock from Tilray- I do I do this without using an app like E-Trade, TD Ameritrade, Charles Schwabb, Fidelity, Robin Hood, etc;
In other words, is there a way to go directly to a given company to purchase stock from them and just keep records of your own stocks/stock portfolio??
In more other words— how do I avoid using a company to buy stock from another company??

[davidbarnett]

which platform would you recommend Charles Schwab or TDA, i want to be able to buy stocks and have the opportunity to by and sell futures. From what i can find TDA only has about half or even less futures on offer, and Charles Schwab has what looks like all futures avalible. My concern is, from what i can find its sounds like Charles Schawb is a bit slower to make trades. TDA looks good but offers less on the futures side, and what i can find sounds like they make trades faster. Any help would be appericated. PLEASE Thanks.

[martinofit]

Do you have any videos of you using their platform Street Smart Edge?

[rashadahmadov]

Hi Ross.
Tell me please what is the best platform for scalping?because I hold shares maximum 1 minute (sometimes I less than 1 minute) and sell it.

[Fazitos]

Thanks for the video Ross, I would like to see your thoughts on their platform for fast day trading and comparing it with TOS and light speed, Respect. Cheers

[aleksandraskrivosejevas]

have been using their platform streetsmart edge for a while. my favorite platform of all(TOS is my 2nd favorite). Did not notice any changes so far since they dropped commissions to 0

[OhhDipzy]

Which would you say is better for penny trades with triple zero stocks? Schwab or td?

[earthstuff]

Hey Ross, what do you think about SAXO TRADING PLATFORMS from Europe. It has the fastest Executions by far. But the commission are crazy.

It’s good for avoiding PDT?

[Twingo]

Only Interactive Brokers planed the cut, they updated their Website and you get all details. Schwab &Co only reacted. Put a statement out and that’s it. It’s a shame how they did it. But it had to be quick after IBˋs perfect planed step. I don’t think that their offers in detail will be better to IBˋs one (IB Lite) - why should they? I don’t think that they will go to 0 for heavy trader, esp. if you are using external software and their API environment. Let’s see what the details will tell us, when they update their websites.

[dumbmoneytrader]

I use TOS, and they went ZERO commision as well. I couldn't be happier! They still charge .65 cents per option contract, and I'm an option trader... but it's still a much better deal than before. I think Robin Hood is toast now, lol! Unless they can think of something to compete with the big brokers. But they just lost their ONLY advantage.

[t.i.lthingsilike]

Td Ameritrade good platform a bit faster executions but no OTC stocks, E-Trade excellent executions and just back tracked on OTC stocks and finally Schwab best customer support, good executions and OTC stocks to play with. Only question is will Ross open a Schwab acct to

[rooftoptrading]

Schwab fills on street smart edge are actually better than interactive brokers to my great shock.