In an attempt to get a leg up on competitors, Charles Schwab announced it will cut commissions on 18 index mutual funds and ETFs .
The company will reduce its standard online equity and ETF trade commissions from $8.95 to $6.95, making Schwab’s trading commission the lowest among competitors including Fidelity, Vanguard, TD Ameritrade and E*Trade, the firm said in a statement.
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