6. What are discount brokers?

Fees Overview: How Much Will I Pay to Buy and Sell Stocks?

Your fees depend on the broker. Robinhood is widely seen as one of the leaders in discount brokerages, as it was one of the earliest brokers to offer free trades on stocks and ETFs. However, there are many other brokers that also have free trades.

Each time you make a transaction, you pay a fee, whether you’re buying or selling. Different discount brokers offer different fee structures, however. Many discount brokers now have $0 transaction fees for buying and selling stocks and ETFs. Others charge anywhere between $0.99 and $9.99 each time you make a transaction.

If your discount broker charges a fee for your transaction, it’s important to pay attention to the number of transactions you make. The more transactions you make, the more it will cost you. So, consider limiting transactions when you use a broker that doesn’t have a $0 transaction fee.

Leave a Reply

Your email address will not be published. Required fields are marked *