Late to the party, TD Ameritrade tried to make a spectacular entrance by offering free trades on more than 100 ETFs. The brokerage uses the help of Morningstar’s research team to select the ETFs, which cover a range of ETF sponsors, including iShares, PowerShares, State Street, Vanguard, WisdomTree, iPath and Van Eck, among others. [The ETF Supermarket Has Arrived.]
Additionally, the firm was the first to offer free trades on funds that cover commodities, junk bonds and a number of iShares country-specific funds.
Vanguard
Famously known for its low-cast lineup, Vanguard offers free trades on all of its ETFs to its clients. The diverse selection of Vanguard fund products offers investors an opportunity to build a well-rounded portfolio. Trades on non-Vanguard ETF will still be charged a low commission fee.
Scottrade
In March, Scottrade launched ETFs through FocusShares, who will sponsor the Focus Morningstar ETFs. The brokerage offers commission-free trades to clients and advisors who custody their assets with Scottrade. The firm started off with 15 new ETFs. [Scottrade Tries To Undercut Its ETF Competitors.]
Max Chen contritubed to this article.