TDAmeritrade, in a battle against the likes of Vanguard and Fidelity has launched a commssion free ETF program to their customers.
The are toting that they have over 100 different ETF’s that you can trade for no commission. You can choose from popular ETF’s from iShares, Vanguard, StateStreet, Powershares and more.
Here is a comparison chart that they created lining them up against the competition:
The only catch with this deal is that you must hold the ETF’s for at least 30 days, if you sell one within the 30 day window you will be charged a short-term trading fee.
What is great about this deal is that accounts at TDAmeritrade are free. There are no minimum balances or activity fees. So if you are solely going to invest in the free ETF’s, you cost of investing is $0. Not a bad way to get some money into the market for no cost whatsoever.
TDAmeritrade is a full service discount broker, so any other stock trade will cost you $9.99 per trade. If you don’t currently have a broker or are looking to switch, this ETF deal can make you pull the trigger.
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