ive been looking on the internet and i see trade for 8 dollars. does that mean every time you buy a stock they charge you eight dollars?
2006-11-01 03:42:08 · 4 answers · asked by matt_sorrentino 1 in Business & Finance ➔ Investing
There may be some extra items that are not obvious. I use Scottrade, which is still $7 a trade, buying or selling, not round-trip. They used to have a block policy, 5,000 shares as I recall, so if yours does (Scottrade dropped it), then large trades may cost you more. Also, there may be an extra charge for things like non-major exchange or foreign trades. So if I'm buying on the Moscow exchange or Bagdad or Warsaw exchanges, there will be extra charges. Scottrade still charges extra for penny stocks, if my shares are less than a $1 each, they charge more. Read the fine print. Still, for most things you've got a good deal. But if you want the stock certificate for your files or to hang on the wall or want to send it to another brokerage company or want to be a registered owner, there will be an additional charge.
2006-11-01 14:59:10 · answer #1 · answered by Rabbit 7 · 1⤊ 0⤋
yes. sometimes more depending on company. So small you should not even notice it. Go to schwab.com & get an account. Can buy mutual funds without upfront fees.
2006-11-01 06:31:45 · answer #2 · answered by vegas_iwish 5 · 1⤊ 0⤋
go to an online source that's x amount of free trades a year
2006-11-01 03:46:51 · answer #3 · answered by Juleette 6 · 0⤊ 1⤋
every transaction you pay,whether it is buying or selling..
2006-11-01 03:45:22 · answer #4 · answered by byciclerabbit 3 · 0⤊ 0⤋