New account opening commission rate drops to "one in ten thousand" as brokerage fee rate price war intensifies

Recently, there have been market reports indicating that several brokerage firms have lowered the commission rate for new individual investor accounts to as low as 0.01%. Journalists have learned that for clients with larger asset sizes, some brokerages have even reduced the commission rate to 0.008%. However, there are also brokerages where the minimum commission rate for new accounts is 1.2%. Overall, although the fee levels among various brokerages vary, it is inevitable that commission rates will gradually decline. In addition, the financing rates for margin trading at brokerages have further decreased. Currently, some brokerages have margin financing rates above 4%, while others have set up promotional activities for ETF financing with rates as low as 3.99%. However, brokerage trading commission rates still need to maintain a certain "bottom line." For example, industry associations in some regions require brokerages to report commission limits, and the rates executed in actual business must be consistent with the reported standards