E-Trade offers $20 commission global trading platform

by TDavid | February 21, 2007 at 10:07 am

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Trading stocks online outside of the US markets hasn't been possible -- until now. Or, well, for some E-Trade customers anyway.

The pilot project, which begins with 1,000 E-Trade customers this week, allows them to buy, hold and sell stocks in Canada, France, Germany, Hong Kong, Japan and Britain. The rollout is expected to take two months before all customers have access, and could one day expand to 42 international markets.

The launch unlocks thousands of stocks previously unavailable to online traders, and pressures top rivals Charles Schwab and TD Ameritrade Holding to make similar moves.

There are lots of inexpensive online brokerage services like Sharebuilder that allow US stock trades fairly inexpensively and even allow buying partial stocks for those who want to dip their toes into more pricey stocks like Google which is at $478/share as of this writing.

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