Some brokers have lowered their commissions.
On February 3, 2017 Schwab cut its commissions from $8.95 to $6.95.
On February 16, 2017 Firstrade cut its commissions from $6.95 to $4.95. They also dropped options from $0.75 to $0.65 per contract.
Which broker will be next to drop rates?
When was the last time Interactive Brokers lowered their commissions?
In 2016 IB’s Electronic Brokerage pretax profit margin was 61%, up from 49% in 2015.
IB has plenty of room to cut commissions if…