Do online trading websites charge per trade or per shares bought and sold? Is the $10 fee for every time you make a stock purchase or sale? Or do they charge you $10 for every share bought/sold?
Depends on the broker. Most charge a fee per transaction, not per share.
They charge per TRADE, not per share. Otherwise, if the fee is $10 and you buy 10,000 shares, the cost will be too prohibitive if they charge per share
And the fee depends on the brokerage or online trading site you participate in. Some will charge you lower rate if you hit a certain number of trade per year or if you have certain amount in your account.
Check with the trading company or site you want to use for their fees
i cant believe u think its per share…so someone who wanrts to buy a 2 dollar stock u think they have to pay 10 dollars per stock? LMAO!!!
no its per trade but htere are some brokers who charge commission + a certain amt per share for example:
10/trade + .01/share.
so just make sure you read the fine print or talk to a representative to have things cleared up and not just one representative..2 or 3..since sometimes they just tell u what u wanna hear!
Check out their websites for detail. Different brokers charge differently
When you buy or sell stocks on line the trading company charges you for per transaction. The number of stocks you buy does not matter if you are investing less than a million dollars or some other high number dollar value. If you buy in 6 or seven figures than the trading company charges you another fee on the investment dollar amount.
Another thing to remember is to check the minimum investment amount when you are opening an account with a trade company. For example, E-trade requires a 30 thousand minimum opening balance in order to trade at a rate of 7 dollars per trade. Where Ameritrade charges 4.99. There are many traders on line the new companies does not require a min balance to open an account. Also, if you made any money on your trades, some companies send you a check book to spend or cash out your money. It is easier to put your hands on your money, other than waiting fund transfers between your bank and the trader’s.
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