Is there any fee paid to the broker if you hold a trade for more than a day?

Answer 1

Not sure what your mean ..

1) If you mean your have failed to pay up on the same day - well usually you have to settle (pay up) within 3 days .. otherwise you may be charged interest on the outstanding money or the broker may sell the shares and (if they dropped in price) charge you the difference

2) If you have placed a 'limit' order (which means the trade is only processed when the market price reaches your limit), most brokers will allow you to keep the order open for up to a month. I've never heard of any charge being made for this.

Answer 2

If I read this correctly the answer would normally be no. Presumably you mean a limit order? On SETs the order would finsh at the close and would have to re-submitted the next. Under Mifid the broker would probably confirm the order by telephone (recorded?) each day, just to make sure. Otherwise a market order would be good for the end of the week. Of course it could be good til end of month or good til cancelled(GTC) but the broker would probably know the client well for this. It is safer for all concerned to have relatively short timeframes for limits and confirm at the beginning each new day. Dont forget under MIFID the client is always right so brokers are very cautious these days!

Answer 3

according to the agreement between the parts,but in normal,if the buyer agreed on the quality and the price,and if the broker joined the buyer and the seller togther,then his fees should be paid,because that is his roll only.