Vanguard Enters Commission-Free ETF Trading War
Friday, May 7th, 2010Invest With An Edge submits:
By Patrick Watson
First Schwab, then Fidelity, now Vanguard is offering no-transaction-fee trading of its proprietary ETF products through its brokerage unit. The march toward free – or practically free – ETF trading is continuing with barely a pause. In a new commission schedule announced May 4, Vanguard began offering free trading of its own ETF family. At the same time the firm reduced fees on non-Vanguard ETF trades to as low as $2 for clients with balances above $500,000.
