TDAmeritrade follows Schwab down the rabbit hole

If you thought that TDAmeritrade and other online brokers were primarily in business in order to make money per trade, recent events should have disabused you of that notion.  Schwab was the first to take the "trades are free" plunge but everyone else has to follow and so they are following.  This is the online stock broker version of beggar thy neighbor using currency devaluation.  It is clear evidence that something is very wrong with the global financial system.  NOTHING IS FREE and the fact that they have made what people thought to be their core businesses free means people don't really know what these assholes are doing with their money.

Would it be too much if I again reminded everyone that this will not end well?

Commission-free trading starts on October 3  |  View online The investing and trading experience you know and love is getting even better. Starting on October 3, you'll also enjoy: commission on online equity trades (exchange-listed U.S. stocks) commission on online ETF trades (domestic and Canadian) commission on online option trades (Contract fees now only $0.65, plus no assignment or exercise fees.) The change to zero commissions comes with zero change to the level of service you've come to expect. You still get unlimited free access to our best-in-class trading platforms. Plus, you get award-winning service and education, and an extensive branch network. What's more, since one of your accounts has a negotiated rate, that lower rate would still apply where applicable. See, who says you can't get something for nothing?

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