Fidelity Investments is the latest major broker to do away with commissions on online stock trades, joining an all-out price war among its rivals.
Fidelity announced Thursday that it will no longer charge customers to trade US stocks, exchange-traded funds (ETFs) or options.
The company, one of the world’s largest asset managers, joins a growing list of brokers that have slashed online trading fees in quick succession.
E-Trade had been charging commissions of $6.95 per trade, while Fidelity charged $4.95. Fidelity says it has over 20 million online brokerage accounts.