“E*TRADE customers can further diversify their portfolio with domestic, international, fixed income, and specialty equity ETFs without paying commissions,” according to the statement.
News of E*TRADE’s commission-free ETF expansion comes about a month after rival Charles Schwab added a dozen ETFs to its Schwab ETF OneSource commission-free platform.
With the new 12 additions, Charles Schwab users can now access 254 ETFs from 69 Morningstar Categories with $0 online commission fees, no enrollment requirements and no early redemption fees.
Schwab ETF OneSource now offers commission-free ETFs from 16 providers, including ALPS, Deutsche Asset Management, Direxion, ETF Securities, Global X Funds, Guggenheim Investments, IndexIQ, John Hancock Investments, J.P. Morgan Asset Management, OppenheimerFunds, PIMCO, PowerShares, State Street Global Advisors SPDR® ETFs, USCF, WisdomTree and Charles Schwab Investment Management.
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