Thursday, March 23rd, 2017

When you use an online stock trading company and they say per trade what does that mean?

When using a society of investors? N in l? Line, as they say for example 3. 99 per trade? Means you can buy many stocks in a company for 3. 99? As? let’s say we want? to buy 1,000 shares of Coca Cola that s? it cost me? 3. 99 with the commission? N? M? S Items with the purpose of clarifications? N before shooting myself in the pie.Gracias beforehand.

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3 Responses to “When you use an online stock trading company and they say per trade what does that mean?”
  1. Anthony E says:

    Hey. Yes and no to your first question. You can buy as many shares of stock in a company for a set price with several online trading firms but if you get into bulk amounts of stock (10,000 shares) than you may have additional fees. Doo plenty of research on those firms and the real deal with their pricing policies.

    A lot of companies advertise $3.99 trading but there is a catch. One company that I can think of offers cheap stock trading fees if the checking account that you are linking to your stock trading account has funding of $50,000 or more.

    So be VERY careful and read the fine print. Consult an investment representative at a local bank or investment firm too just to see what programs they have to offer.

    I would suggest watching CNBC and reading on Yahoo Finance also.

  2. Rabbit says:

    It all depends on the fine print of your broker. When I started using Scottrade, they had a 5,000 share limit for the $7 commission. Today, I don’t think they have such a limit, but you can explore their site for more info: http://www.scottrade.com/online_trading_documents/trading_execution/index.asp

    Second, if my brokerage had “3.99” commission and I wanted to buy “1000 share in Coca Cola” it would cost me 1000 times the price of KO (closed at 49.00 today, so that is the neighborhood of what you would buy it for, some $49,000 PLUS 3.99 (which IS the commission).

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