Stock trading is on the rise—but because of Millennials no one is charging for it. Brokerage accounts and trading activity have doubled in the last ten years thanks to young investors. However, major brokerage firms like Charles Schwab and Fidelity have been slashing fees to compete with newer free-trade startups like Robinhood, SoFi, and Square. To reach the next generation of traders, industry leaders have “no choice” but to follow suit and cut commissions. (CNBC)
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