How to calculate commissions?
I'm going to open an account to trade stocks and I'm trying to understand how much they charge, but I couldn't understand what these terms mean. I'm talking about Nasdaq and NYSE here.
Here's the link : http://uk.saxomarkets.com/Documents/...ive_Trader.pdf
Here's what I got:
- You pay $6 as long as you buy not more than 1000 stocks at once.
- You pay 0.7 cents per stock if you order more than 1000 stocks at once.
Have I got that right?
Welcome to the forums. We can wait and see if someone familiar with that company clearing your trades is on this board, but that is what it looks like to me as well, 6 per trade for 1000 or less shares. Best to confirm that with someone familiar with using them, or call their customer service