Barclays and Halifax Stockbroker deals?

Question

Basically, im a total newbie to this strange world of shares and trading, im only soon to be 18.

I've been looking at these deals Barclays and Halifax have. it says i have to pay £11.95 for Real-time online sales for all shares, same with real-time buying for all shares.

Now is this £11.95 some kinda monthly fee or do i have to pay £11.95 with each time i buy or sell something?

Answer 1

That means that you pay the fee (of £11.95) every time you make a trade (buy, sell, short, etc...).

Ex: buy 50 shares of X at £10/share =>

£500+£11.95=£511.95 will be taken from your account.

If you sell them the next day for

£15/share =>£750-£11.95= £738 will be deposit in your account.

750-500=250

250-11.95-11.95= 226.10

After fees you made £226.10.

They will always charge the fee even when you lose money.