Hey guys hoping Someone could help me please, I'm confused in regards to commission.
For example Assume i'm using Flat rate ""0.08%of trade value (commision)"""
And I spend 7271.00HK ($1000) on a stock worth 0.01HK. = I will than have 727100 Shares.
My ignorant question is; Do you calculate commision on the amount you spend?
For example commission's calculation: 7271.00HK ($1000) Amount spent x 0.08 commision = 581HK ( $80)
This can't be right!! $80 for commission ahh!!!
can you guys show me how it's done please...