Quick question about broker fees

mattonline · Jan 28, 2009

I got a question, i'm with Etrade UK and they charge £8.95 per trade, and i've been thinking about making a few investments to start me off, nothing more than £100 so i can get the feel of it first, is the £8.95 deducted from my profits, so if i loose money do they still take a fee, and do they take a fee both sides of the deal, when i buy a stock and then when i sell a stock?

And £100 is a low investment i know, but will the £8.95 fees eat away at my initial capital?

thanks again

Claudia123 · Jan 28, 2009

wow you got some learning to do. They dont care if you win or lose and yes they take a fee both ways. I suggest you try a demo account with one of the sb companies and learn. £100 with etrade will not last long!!

Good luck

raysor · Jan 28, 2009

mattonline said:
I got a question, i'm with Etrade UK and they charge £8.95 per trade, and i've been thinking about making a few investments to start me off, nothing more than £100 so i can get the feel of it first, is the £8.95 deducted from my profits, so if i loose money do they still take a fee, and do they take a fee both sides of the deal, when i buy a stock and then when i sell a stock?

And £100 is a low investment i know, but will the £8.95 fees eat away at my initial capital?

thanks again

This is too little. It doesn't give you a chance. The £8.95 is the cost of a trade, it doesn't metter whether you make or lose. Then you have the share spread and SDRT although that would be negligible. I presume £8.95 becomes £17.90 for the buy and the sell. (I know it gets worse!)

Jack o'Clubs · Jan 28, 2009

Boy is Claudia right, looking at your previous posts you're about the greenest newbie I've yet seen on these boards.

Open a free demo account somewhere and spent the £18.40 you would have paid in comms and stamp on your first trade on a good 'investing/trading for dummies' type book which would answer pretty much all the questions you've posted on here, plus a load you haven't even thought of yet...

Claudia123 · Jan 28, 2009

Maybe this is a perfect candidate for Mr Stanzione!!! pmsl

Quick question about broker fees

mattonline

Junior member

Claudia123

Established member

raysor

Established member

Jack o'Clubs

Experienced member

Claudia123

Established member

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