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Fidelity eliminating commission fees on trades now

+144 Deal Score
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Joining schwab, td ameritrade, etrade, etc.

This looks to be active right now.

https://www.fidelity.com/

Reference: https://www.bostonglobe.com/busin...story.html
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Created 10-10-2019 at 12:04 AM by cmpe
in Finance (2) Get Fidelity Coupons
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#2
About time
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10-10-2019 at 03:37 AM
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#4
Quote from poincare
:
I'm not sure I understand. How is this a deal? Why is this even posted? This is just common sense and can easily be seen from the Fidelity web site. Am I missing something?!
Isn't that the point of all the deals on Sd? You post what you find at stores that literally everyone could of already known. Sd just makes it easier because we are community looking out for one another.
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#5
Thanks
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#6
Quote from poincare
:
I'm not sure I understand. How is this a deal? Why is this even posted? This is just common sense and can easily be seen from the Fidelity web site. Am I missing something?!
How is this not a deal? They are providing a service without charging for it. And with fidelity investing, you get access to some of the best investment tools money can buy. Being that this is free, you get the generic stuff. Happy investing.
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#7
Finally. Wish it was a day sooner, as I just started moving money out yesterday.

https://www.fidelity.com/why-fide...icing-fees

Sounds like they are still keeping their sweep options, which are way better than the other brokerages.

"Great rates on cash

When you open a new retail brokerage account, your cash automatically goes into a money market mutual fund, earning a higher rate than the competition."
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Last edited by clocks11 October 10, 2019 at 06:28 AM.
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#8
Now if I just had some extra money to make trades.
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#9
Quote from poincare
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I'm not sure I understand. How is this a deal? Why is this even posted? This is just common sense and can easily be seen from the Fidelity web site. Am I missing something?!
You really dont know how this works huh?
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#10
Of course this is right after I make a few trades. Thanks OP!
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#11
Quote from c_bird
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Now if I just had some extra money to make trades.
In a few easy steps i could teach you to make 💰 💰. Step one, buy my book which explains how to make money. The name of the book is making money writing a book about making money.
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Last edited by Slashinhobo October 10, 2019 at 06:39 AM.
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10-10-2019 at 06:40 AM
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#13
They must've been losing tons of accounts otherwise they'd never do this. This combined with their auto money market feature is going to be painful for them.
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#14
On top of this there is no payment for order flow. So for all the penny stock day traders this adds up
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#15
Quote from chaderino
:
They must've been losing tons of accounts otherwise they'd never do this. This combined with their auto money market feature is going to be painful for them.
They get most of the money from making 401k accounts that dont look like poo. Last year they started getting aggressive on retaining 401k customers by offering zero admin fee index funds IF you converted your 401k to an ira account.
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