Discount Online Stock Trading: Charles Schwab Calls the Shots

Charles Schwab (SCHW) has recently cut the commission rates for online trades of equities and non-Schwab exchange-traded funds regardless of the retail investor’s account size and trading frequency.

A new NerdWallet study examined the trading patterns of online investors and found that they are overpaying by more than $1.8 billion per year. NerdWallet Study Key Findings:

By Morningstar: By Timothy Strauts We look for the best of the bunch among commission-free trading programs for exchange-traded funds.

A surge in the trading of low cost financial stocks gave online brokers such as E*Trade and Charles Schwab a big boost in August.

A surge in the trading of low cost financial stocks gave online brokers such as E*Trade and Charles Schwab a big boost in August.

By Qineqt:Charles Schwab Corporation (SCHW) operates as one of the largest discount brokers in the U.S. The company posted better than expected results for the second quarter of the current year, and the latest business trends are encouraging. The company has recently announced the closure of its trading wing in Europe, which will reduce the uncertainty stemming from the debt-stricken continent.

LONDON (Reuters) - Charles Schwab and TD Ameritrade , two large United States-based trading firms, are shutting down some of their European businesses, marking the latest casualties of a slow trading year in the region. Charles Schwab warned clients on Tuesday it would close the European arm of OptionsXpress, its derivatives trading unit, on November 30. Schwab told customers in an email seen by Reuters: "It is important that you take steps today to transfer your account to another company or liquidate your positions and withdraw your funds. ...