E trade was launched in 19 80. Twotrade charged about 14 dollar, 95 cent commission for most new york sock exchange market orders. In 98, fidelity charged the same amount, but only if you had a hundred thousand dollars or more in your account and traded more than 12 times a year. Some brokerages also charged more for investors to place a limit order, about five dollars. Eventually this created a race to zero, where trading became free because of robin hood in 20 15.

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