Q&A: Brokerage Fees
How much should you expect to pay to buy shares? Here, a look at typical brokerage fees
Q – How much is the usual cost to have a broker purchase a stock? Does $250 sound excessive? – L.R.
A – Full-service brokerage firms typically have a minimum charge ($150 is the rate at one company I deal with). That amount can increase depending on the size of the trade – the more money that’s involved, the higher the commission. Ask your broker for a fee schedule.
Discount brokerage firms charge much less – some advertise trades for less than $10. But of course they don’t offer any advice either. – G.P.
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