I am sorry to but I am a newbie. Maybe one day I ll be as good as you are : ) I saw that Etrade charges $7 to $12 per stocks, does it mean that if you buy 100 shares, you have to pay 700 to 1200 + the shares price? Thank you very much.
2007-10-25 18:54:16 · 7 answers · asked by Sébastien 2 in Business & Finance ➔ Investing
No:
Your broker charges a set commission regardless of how many shares you buy. As an example Scottrade charges $7.00 a trade whether you buy 100 shares or 500 shares of a stock.
They charge that commission each time you buy a stock and each time you sell a stock. So if you were using Scottrade your total commission cost for one stock would be $14.00 by the time you bought and sold one stock.
As far as shares go it depends on the stock price:
If you bought 100 shares of a stock that cost $5.00 a share it would cost you $500 plus your $7 in broker commission, if using Scottrade, to buy those 100 shares or to put it simply $507.00.
The links below offer a ton of free information to help you learn about the stock market.
2007-10-25 19:16:09 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Etrade Cost Per Trade
2016-10-03 02:50:33 · answer #2 · answered by aldi 4 · 0⤊ 0⤋
no it's per trade.
ie. I buy 500 shares of Apple stock, the commission for that trade is 7 bucks
so I end up paying 500XShare price + 7 dollars commission
omg, it's not per share, that would be horrible no one will make any money but the broker!
if you want to be short term growth stock holder participate in frequent trade.. u need to find the broker with cheapest commission, i use scottrade, it's awesome only 7 bucks per trade.
I also have sharebuilder too but they charge 15 per trade. I use them to hold my long term stocks.
Good luck!
2007-10-25 19:08:31 · answer #3 · answered by Anonymous · 1⤊ 0⤋
This penny stock service has years of proven experience. Ultimately it is the best service for beginners to use https://tr.im/learnpennystock
You will have to wait between 3 and 10 days to get into the system in most cases. When I signed up it took 8 days. I wished it was faster, but if you can wait a week or two to start earn life changing money than you will have what it takes to make it in this business.
2016-01-17 20:15:13 · answer #4 · answered by Carmelia 3 · 0⤊ 0⤋
If you're asking questions like this you should be with a broker that's more geared to the less experianced.
i.e.;
Charles Schwab, Inc.
Fidelity Brokerage
Don't try to save $5 per trade and lack the support you'll need. It will cost you a whole lot more.
(BTW: Read a couple of books on investing before doing anything. If you don't.... why bother with trading... just go to Las Vegas)...........................
2007-10-26 01:11:10 · answer #5 · answered by Common Sense 7 · 1⤊ 0⤋
I do not know the best way to answer this without offending
2016-07-30 05:59:34 · answer #6 · answered by ? 3 · 0⤊ 0⤋
Was wondering the same thing
2016-08-26 04:26:59 · answer #7 · answered by Anonymous · 0⤊ 0⤋