Schwab Reduces Trade Commissions to $4.95 and Lowers Per Contract Options Fee to $0.65

Charles Schwab press release ----- The Charles Schwab Corporation today announced it will reduce its standard online equity and ETF trade commissions from $6.95 to $4.95 and lower options pricing to $4.95 plus $0.65 per contract effective March 3, 2017. Competitor firm information obtained from their respective websites as of 2/28/17. Competitor pricing and offers subject to change without notice. "We never want commission costs to be a barrier for investors deciding which firm can best serve their needs,” said Schwab President and Chief Executive Officer Walt Bettinger. “In addition to low commissions, our industry-leading low-cost S&P index mutual fund is nearly five times less than Vanguard and three times less than Fidelity. When combined with our unique Satisfaction Guarantee and outstanding client service, we believe that Schwab is clearly the best place for investors looking for value and service."As previously announced, starting tomorrow, expenses for the Schwab market cap-weighted index mutual funds will be lowered, their investment minimums will be eliminated, and the use of a single share class will ensure that even the smallest investor can invest at low costs historically available only to large institutions. To learn more click on the picture below to read the release.