- Joined
- 11 July 2017
- Posts
- 7
- Reactions
- 0
Can someone "list" all the fees that could be expected when buying or selling shares?
This really depends on which broker you choose. For example, CMC Markets charge $11/trade, Interactive Brokers charge $6/trade and ETRADE charge $19.95/trade. These are all minimums and go up depending on volume. This information is usually found on the broker's website.Thanks so much. Yes, I am an Australian citizen in fact. So every trade that happens- there is a brokerage fee to be paid. Let's say for example I buy 10k worth shares today and sell all of them tomorrow for 10500 dollars.what is an estimated fee I will pay buying as well as selling.
You can work it out yourself:For sake of calculation let's assume I am with CMC markets. Ok then can you workout for the scenario I gave in my previous message.
Thanks pixel. so is that ALL the charges/fees that I will be expectingYou can work it out yourself:
Look up the rate at which CMC brokerage is calculated. Let's assume it's 0.1% with a minimum $15. Then you'll be charged $15 each way, meaning your trade will give you $500 - 2 * $15 profit, or $470.
From the broker, yes. The only other thing to think about is market data fees. Most brokers provide free delayed data but you will usually need to pay for live data.Thanks pixel. so is that ALL the charges/fees that I will be expecting
From the broker, yes. The only other thing to think about is market data fees. Most brokers provide free delayed data but you will usually need to pay for live data.
only one example:Is live data a requirement if I am planning to trading online? and when you say delayed data- how much delayed is it?
Is live data a requirement if I am planning to trading online? and when you say delayed data- how much delayed is it?
True when you buy and sell "at Market"The bid-ask spread is not a 'fee', but is often the biggest cost, particularly in low volume shares.
I agree with this but there are limitations to the free data.True when you buy and sell "at Market"
but even with (free) end-of-day data only, you can place your orders based on support and resistance; that makes the determination of limits for "at Limit" orders much easier even without seeing market depth updated in real-time.
Mind you, as a full-time Intraday trader, I'm not advocating eod trading for everyone; but casual investors with a day job can do it quite easily. Pick the right stocks to hold through trends measured over weeks or months, making 2 or 3 trades a month, and you never have to look at a live chart or m/depth. Checking the eod chart after hours, or the usual 20-minute delayed chart during the day, and you can detect all but the most abrupt trend changes in time.
I agree with this to a point.
I was using free data from Yahoo and Google downloaders and recently have noticed a lot of errors in the datasets. A lot of apparent fat finger spikes, incorrect volumes and daily trading ranges.
IMO a decent EOD data subscription is worth the cost. I can do all my analysis using an EOD data package in Metastock/Quantshare and then place orders using the Interactive platform and trade 'blind'. I have an old Commsec account so can get an idea of order flow and depth.
I could potentially use the Interactive data subscription but want to have the ability for hard coded screens and backtesting ability and Commsec fees are ridiculous.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?