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Brokerage fee

RECENT NEWS
CMC slashes its online brokerage fee
The Australian  Jul 29  Comment 
AUSTRALIA'S online stockbroking industry is set for a major shake-up, with CMC Markets slashing its brokerage fee as it chases market share.
Brokerage fee cuts likely: Kenanga
Business Times - Malaysia  Oct 19  Comment 
The government is likely to remove or reduce minimum brokerage fees to boost the equity market in the 2010 Budget, according to Kenanga Research. Incentives will also be unveiled to promote efficient fuel and related technology in the budget to...




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A brokerage fee is the fee charged by a brokerage company to facilitate the transactions between buyers and sellers.

There are two main types of brokerage fees: a flat fee, and a fee based on a percentage of the transaction.

For example, a brokerage company may charge a flat fee of $7 for stocks priced at $1 or above. For stocks under $1, the brokerage company may charge a flat fee of $7 plus 0.5% of the transaction.

There is usually an extra brokerage fee charged for options trading. For example, a brokerage company may charge a flat fee of $7 plus $1.25 per contract for option orders.

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