The American securities trader Fidelity Investments has canceled its commissions for a large number of services in the United States. With that step, the major player follows the example of a number of other parties in the struggle for the investor’s favor.
Fidelity no longer charges a commission for investing in stock market trackers and buying and selling US shares and options. The company also promises to give more interest on unused funds and to execute trading orders faster.
The price war in the investment world started last month. Charles Schwab, TD Ameritrade and E * Trade, among others, led Fidelity. By making their products cheaper, securities traders try to attract more investors and more invested capital. If they no longer charge commission, however, a lower turnover and profit threaten. Shares of those companies were therefore lowered.