USAA Brokerage Services, a division of USAA Investment Management Co., said it is lowering its minimum trading price to the lowest in the industry.
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The San Antonio online brokerage firm said Wednesday that is lowering its price for customers who conduct at least 25 or more trades in a 90-day period to as low as $6.95 a trade, from $8. The new rate also applies to traders who execute at least 16 trades in the same period and have at lease $50,000 of eligible assets.
E-Trade Financial Corp. offers a rate of $6.99 a trade to investors who make at least 1,500 stock or options trades a quarter.
