Brokers' price war is back: new accounts enjoy "10,000" commissions, and ETF financing rates are as low as 3.99%

On November 27th, the commission rate was generally reduced to "10,000", the ETF financing rate was as low as 3.99%, and the brokerage company started a "price war". It was learned from a number of brokerages that at present, the commission rate for new accounts opened by individual investors is at least 1/10,000, and some brokerages require account funds to reach 500,000, while some have no capital requirements. Regarding whether it can be achieved "10,000 1 free 5", many brokerage business department managers said that it is not operable due to regulatory and compliance requirements. The two financing rates have also been adjusted. It is understood that at present, the financing rate that brokerages can give to new customers of the two financing is generally 5%. After the transaction, depending on the amount of funds, the financing rate can be applied to be reduced to about 4.5%. There are also brokerages that have recently launched limited-time discounts for ETF financing, with interest rates as low as 3.99%.