is cutting commissions on online domestic stock trades. Wednesday's "Fund Track" column
in The Wall Street Journal
noted that Fidelity is lowering the fee to $7.95 per trade. Previously, Fidelity used a tiered plan, charging between $8 and $19.95.
The cut is similar to a move made by Charles Schwab
in January, in which Schwab lowered online trading commissions by 31 percent.
As reported by The MFWire Tuesday
, Fidelity is also now offering 25 iShares
ETFs commission-free. The move again mirrors Schwab, who introduced eight commission-free ETFs in November.
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