If I canceled an online trade, whill i get charged commission? Do i only get charged if the trade goes through?
2006-09-25 03:48:45 · 4 answers · asked by barry1009 1 in Business & Finance ➔ Investing
If you cancelled before the trade went through, say a limit order that never triggered, you will not get charged a commission.
You are only charged a commission for a completed trade.
2006-09-25 03:57:00 · answer #1 · answered by TJ 6 · 2⤊ 1⤋
It depends on your broker. Most only charge you commissions on your executed trades. So you're probably fine.
However, there are a few (like interactivebrokers.com) where you accumulate "charges" for any edit / change / cancel that you do. These "charges" usually will be wiped out if you have completed trades generating commisions greater than the "charges" you racked up.
For those brokers, they just want to be sure you're not in there every day just putzing with the system generating costs without any revenue to them.
Hope that helps!
2006-09-26 15:39:16 · answer #2 · answered by Yada Yada Yada 7 · 1⤊ 0⤋
It should be only when trade goes through i cancel all the time
2006-09-29 01:37:35 · answer #3 · answered by blopyblopy 1 · 0⤊ 0⤋
You are charge commissions only on executed trades.
2006-09-25 11:08:42 · answer #4 · answered by Anonymous · 1⤊ 1⤋