Vanguard starting Commission FREE ETF trading for 1800 ETFs starting August 2018!

Vanguard said it would offer commission-free online transactions for nearly 1,800 ETFs, up from the current 77.

No other major brokerage does this (except Robinhood, M1Finance)

Details here:

https://investornews.vanguard/coming-in-august-the-largest-commission-free-etf-lineup-offered-to-investors/

https://www.prnewswire.com/news-releases/vanguard-to-further-drive-down-the-cost-of-investing-by-broadening-commission-free-etf-trades-300675259.html

https://www.cnbc.com/2018/07/02/vanguard-slashing-costs-on-nearly-all-etfs-even-rival-schwab.html

Competitors

• Fidelity offers 93 commission free ETFs:
  • https://www.fidelity.com/trading/commissions-margin-rates
• Schwab offers 200+ commission free ETFs:
  • https://www.schwab.com/public/schwab/investing/accounts_products/investment/etfs/schwab_etf_onesource
• TDAmeritrade offers 300+ commission free ETFs:
  • https://research.tdameritrade.com/grid/public/etfs/commissionfree/commissionfree.asp
• Etrade offers 250+ commission free ETFs:
  • https://us.etrade.com/what-we-offer/investment-choices/etfs

NOTE: This news is good for short term traders or intermediate/advanced investors. For buy/hold and new investors this doesn't make much difference if they are investing in traditional low expense mutual funds or already free low expense ETFs.

Edited: to add M1Finance, vanguard website link

Edited to add the NOTE based on u/dequeued recommendation. See detailed discussion below.

Edited to add information about commission free ETFs of other brokerages.

Submitted July 02, 2018 at 02:42PM by chicagobuy https://ift.tt/2MJQL3Y