Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Trending News

Promoted
Robert
Lv 4
Robert asked in Business & FinanceInvesting · 1 year ago

Help! I don't understand these brokerage fees? Stock Investing?

Can someone explain these brokerage fees? I'm getting into stock investing but I'm trying to understand everything.

The site says the fees are:

"0.80%

minimum of US$50 per trade plus agency fee of 0.4% with a minimum of US$40 per trade (Orders up to and including US$50,000)"

So lets say I invest $5000. What would the fees be?

Thanks!

3 Answers

Relevance
  • The Old Guy
    Lv 6
    1 year ago

    "Your trying to understand everything" - It's your account, at your brokerage firm, why not ask the brokerage firm ??

  • Anonymous
    1 year ago

    Depends on whether you invest it all in one trade or multiple trades.

  • StephenWeinstein
    Lv 7
    1 year ago

    $90 ($50 plus $40)

Still have questions? Get your answers by asking now.