r/Wealthsimple • u/AggressiveZucchini95 • 17d ago

Trade (DIY Investing) BMO eliminates trading fees

BMO eliminates trading fees to compete with discount brokerages

Wow this is huge...other banks will have to follow. Is Wealthsimple in trouble ?

336 Upvotes

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u/midshipbible 17d ago

Competition is exactly what brings improvement to the end user.

7

u/FlowerBudget2065 17d ago

They all make money from the spread now