2007-02-22 04:15:07 · 3 answers · asked by Anonymous in Business & Finance ➔ Investing
Scottrade charges for each transaction. It is $7.00 to buy and $7.00 to sell. The number of shares you buy or sell doesn't make a difference.
I can buy 100 shares of xyz company today and it will cost $7.00 in commission. Or I can buy 5 shares of xyz company and it will still cost $7.00 commission.
If I buy 100 shares of xyz and another 100 shares of abc, that is two separate transactions so it would be $14.00.
The same goes for selling the shares.
2007-02-22 04:20:31 · answer #1 · answered by Faye H 6 · 4⤊ 0⤋
Interactive Brokers charges $0.01 a share. Buy 100 shares, pay $1.00 commission. I dropped Scottrade and am now using Interactive Brokers. Very good decision!
2007-02-22 04:26:18 · answer #2 · answered by guardrailjim 7 · 0⤊ 0⤋
Virtually all online brokers charge the same for every transaction, be it buying or selling.
2007-02-22 05:09:36 · answer #3 · answered by Carlos G 3 · 0⤊ 0⤋