Online brokers step up competition with free trades

0 Comments | USA TODAY, January, 2007 | by Matt Krantz

Investors are becoming interested in free trade. No, not the kind between nations. Instead, some are finding they can save hundreds of dollars a year by taking advantage of a flurry of new offers for free online stock trading. Upstart online brokerages, such as Zecco.com, and aggressive banks, such as Wells Fargo and Bank of America, are giving the big four online brokerages -- E-Trade, TD Ameritrade, Charles Schwab and Scottrade -- a run for their money, and for yours, with offers of free online trades.

The competition raging among online brokers is good news for you. Not since online trading entered the mainstream in the late 1990s has the industry seen such aggressive price slashing. Given the enticing new offers, and given the stock market's recent stellar performance,...

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