Stock Markets Exposed
Stock Trading Online commisions ???
If the website says $10 per trade does this mean if I buy 50 shares of a company (just one transaction ) does this mean $10 x 50 shares is = ($500 commision) .
Public Comments
- No, it means [ (50 shares) * (market price) ] + $10 commission + any other fees
- no $10 for a bid $10 for a sell round trip $20 watch out for other fees tho
- Paul - the above answers are correct, but Scottrade offers $7 trades without minimums or any amount of trades required per month. I use them. You should check them out.
- $10 to buy, $10 to sell. However if you put in an order to buy 50 shares of Company A stock at a given price, the first share bought on that day will cost you the majority of the commission and the last share will cost you the remainder. So if your order is partially filled and you've bought 25 shares and are charged $8 (hypothetically) and the market closes without your completing the purchase and the next day the trade is completed you can get hit again with the total $10, so you've now paid $18 in commissions just for the purchase.
- I use Trade King. $4.95 to buy or sell any number of shares. Visit my blog: http://coveredcall.wordpress.com
