|Articles|September 16, 2008

Physician's Money Digest

  • December15 2004
  • Volume 11
  • Issue 23

Discount Broker Battles

A drop in online trading from 7.2%of American households in 2000 to5.9% this year is causing headaches fordiscount stockbrokers looking to shoreup faltering revenues. As online tradingvolume wanes, brokers are fighting formarket share. Some, like CharlesSchwab and E*Trade, are rolling outcredit cards that award points that canbe used for free stock trades. For now,however, the most popular businessretention tool is a deeper discount foractive traders. For example, if youmake 27 trades or more in a quarter,you can cut the commission at E*Tradefrom $19.99 plus a $3 handling fee pertrade to just $9.99. Over at FidelityInvestments, $30,000 and 120 trades ayear will get you an $8 per-trade commissioninstead of the usual $19.95.

Articles in this issue

about 18 years ago

Steer Clear of Dangerous Tax Promises

about 18 years ago

Model Portfolio Series: Equity Income

about 18 years ago

SUV Loophole Tightening

about 18 years ago

Going DIY on Finances

about 18 years ago

The State of Death Taxes

about 18 years ago

Cost of a Will

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