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written by reader New trading fees at Charles Schwab

By backoffice, April 17, 2022

Lately I’ve noticed that certain penny stocks are now being hit with a trading fee and re-classified as OTC trades. The fees are 6.50 a trade and this also affects cryptos such as GBTC and ETHE. They used to be listed as funds on the summary which has been discontinued. Is this becoming common practice or are other discount brokers still charging zero fees on these trades. Thanks

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