Brokerage fees can come in different forms, so it is good to research your broker before committing to any account.
Here are some of the typical fees that you should look into before committing.
Account Maintenance Fee
This can be in the form of either a monthly or an annual fee. In addition, you are charged for the maintenance of your account Or any subscriptions for premium research or investing data.
This is also called a stock trading fee, and this is a brokerage fee charged when you buy or sell stocks. You may also pay commissions or fees for buying and selling other investments, like options or exchange-traded funds.
This is not often in most cases, but it still does happen. A sales load is paid on some mutual funds sold by the broker who sold you the fund.
It would help if you were wary of these charges as most mutual funds today don’t have these, and remember, the broker is trying to sell these to you because they get a commission.
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