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Schwab Cuts Commissions To Zero, As Free Trading Edges Toward The Norm

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Charles Schwab is slashing its online trading commission from $4.95 to zero starting Monday. The company cited competition from new online rivals.

The traditional online broker is cutting commissions from $4.95 per trade to zero. Charles Schwab is under pressure from newer firms like Robinhood, which are app-based and target younger customers.

(Image credit: Joe Raedle/Getty Images)


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