TD Ameritrade becomes the latest broker to eliminate fees — and its free stock trades will be available before Charles Schwab's

The change will go into effect on Thursday, October 3. That's just days before Charles Schwab's fee move, which will take place on Monday, October 7.

TD Ameritrade announced Tuesday it would cut fees to zero for online stock and exchange-traded fund transactions. It made the announcement after Charles Schwab said earlier in the day it was cutting fees. The firm's price change will go into action this Thursday, while Schwab's begin on Monday, October 7. Charles Scwhab's initial announcement spurred sharp selling across the brokerage industry.

TD Ameritrade announced Tuesday it would cut fees to zero for online stock and exchange-traded fund transactions. It made the announcement after Charles Schwab said earlier in the day it was cutting fees. The firm's price change will go into action this Thursday, while Schwab's begin on Monday, October 7. Charles Scwhab's initial announcement spurred sharp selling across the brokerage industry.

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