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Author Topic: What Stock Brokerage is the Most Economical with Unlimited Share Buying?
DWE
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What are those additional charges on top of the 5 dollar commission fee that ChoiceTrade charges?

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"NEVER UNDERESTIMATE THE POWER OF THE U.S./CHINA CONNECTION"

SSTY & TPDI

www.suretrace.com

Posts: 3662 | From: The City of Angels, Beautiful Los Angeles, California | Registered: Oct 2005  |  IP: Logged | Report this post to a Moderator
motorhed
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With the extra fees I've been charged from Choicetrade, it averages to $6.50 a trade. I've yet to hear back from them on it.
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Ivan Baca
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I use MyTradz.com their fees are $7.95 per trade up to ten million shares trading, as low as .0001. very happy with their service.
Posts: 13 | From: Golden, Colorado | Registered: Sep 2005  |  IP: Logged | Report this post to a Moderator
DWE
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quote:
Originally posted by motorhed:
With the extra fees I've been charged from Choicetrade, it averages to $6.50 a trade. I've yet to hear back from them on it.

Well..... It your fees don't exceed $6.50 per trade, it's still a way better deal than Schwab at $9.95, I suppose.

--------------------
"NEVER UNDERESTIMATE THE POWER OF THE U.S./CHINA CONNECTION"

SSTY & TPDI

www.suretrace.com

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EverGreen
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there's any additional fee

the 3.xx trans.fees are debited only on SALE and are NASD fees (also other broker debit them)

quote:
Originally posted by DWE:
What are those additional charges on top of the 5 dollar commission fee that ChoiceTrade charges?


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EverGreen
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i found this:

Please be advised that SEC Transaction Fees and NASD Regulatory Funding Fees apply only to SELL side transactions

Regulatory Funding Fee
$.000075 per share

The Regulatory Funding Fee is charged for each sell side transaction at a rate of $.000075 per share, capped at $3.75 for each execution.


Transaction Fee
$.0000317 per Dollar

This Transaction fee is charged for each sell transaction based on the principal (dollar) amount of the securities sold. This fee is levied by the SEC (Securities and Exchange Commission). To calculate this fee, multiply the per dollar charge ($.0000317) by the total dollar amount of sales for each sell transaction.






quote:
Originally posted by DWE:
What are those additional charges on top of the 5 dollar commission fee that ChoiceTrade charges?

[/QB][/QUOTE]
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MoneyMoneyMoney
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I keep all my hard base stocks like Goog, Schw, JNS, and HD at Sharebuilder for the 4 dollar buy in once a month.

I then have Fidelity which gets 8 dollars for most unless your buying big blocks.

Cheapest is Scottrade for sure and its a six time winner of the J.D. Power ratings.

Gl all

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I buy fast and sell faster!

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MoneyMoneyMoney
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I love all three. For daytrading Scottrade for sure.

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I buy fast and sell faster!

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T e x
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what's your take on Sharebuilder, M3? saw that months ago, wondering about opening sumpin for my kids...

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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DWE
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After doing some research on discount stock brokerage houses these last few days, I think I'm going with ChoiceTrade. Anybody here that disagrees on choosing ChoiceTrade, please let me know the reason(s) why. Thanks!

--------------------
"NEVER UNDERESTIMATE THE POWER OF THE U.S./CHINA CONNECTION"

SSTY & TPDI

www.suretrace.com

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BROOKLYN'S FINEST
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DWE: IF YOU DON'T MIND....WHY DID YOU CHOOSE CHOICETRADE???

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NO REWARD....UNLESS THE RISK IS TAKIN'--- JAY-Z

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DWE
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Because of it's much lower cost on commission fees when buying and unlimited share buying power. Compared to Schwab at 999,999 shares for $9.95, that's saving alot.

--------------------
"NEVER UNDERESTIMATE THE POWER OF THE U.S./CHINA CONNECTION"

SSTY & TPDI

www.suretrace.com

Posts: 3662 | From: The City of Angels, Beautiful Los Angeles, California | Registered: Oct 2005  |  IP: Logged | Report this post to a Moderator
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