Commissions
What is it? A fee brokerages charge when securities are bought or sold. In general, full-service brokers charge the most, but they also provide research and many other services.People often go to discount brokers to save on commissions. These days some discounters are not competing as much on price and offering more services. Others are charging rock-bottom prices ? as low as $7.95 for an online trade. Going to a discount broker is best for investors who do their own research and know what they want to buy. Before you hook up with the lowest bidder, however, make sure you know what services you want and what the broker will provide. Many investors have accounts at both full-service and discount brokers.Added By: Jada
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