Wells Fargo is dropping the trade fee on stocks and ETFs from WellsTrade, its self-directed trading platform. They’ll still charge commissions to trade options.
This comes on the heels of Merrill Edge removing fees yesterday, along with many other brokerages who’ve announced the same over the past month or two. Not sure how many people use WellsTrade, in any case, it looks like everyone is headed in this direction.
Hat tip to Investment News
