Several brokers offer commission-free trades. This is an appealing offer to new and experienced investors, as it enables them to invest with little cost. However, these savings don’t come without a price. When you buy or sell investments through a brokerage, you may be charged service fees, advisory fees, or even fund fees. These fees can eat into your investment’s returns.
Fidelity offers commission-free trades on 91 ETFs. This includes all 19 iShares Core ETFs. It’s an excellent choice for investors looking for low-cost ETFs and top-notch customer service.
TD Ameritrade offers commission-free online trading on stocks and ETFs. The firm is owned by Charles Schwab & Co. Inc., and jointly owned with The Toronto-Dominion Bank.
Foreign exchange fraud in the U.S.
Despite being a relatively popular investment, the foreign exchange market is a hotbed for fraud. These schemes attract criminal liability and often involve false claims and promises of high returns.
Forex scams can occur through telephone marketing, email, and even advertising. They often target investors and ask them to recruit additional people. They then take the money and disappear.
If you suspect that you are a victim of a Forex scam, contact the Federal Trade Commission (FTC). The FCA investigates and prosecutes individuals involved in fraudulent activity. The FCA has a broad range of powers to prevent the abuse of the foreign exchange market. The agency may also work with other agencies to protect the public.
The Serious Fraud Office (SFO) is an investigative agency that prosecutes the most serious allegations of fraud. The SFO has the ability to recover monies from fraudulent activities without a criminal conviction. They have the authority to request information from the FCA, interview the defendant, and take any other action necessary to stop market abuse.