Question:

Ways to buy stocks with no extra charges?

by  |  earlier

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Most people use stock brokers that take a commission or something?

is there any way to buy and sell stocks without paying any interest or any other little catches? (just paying the share price*how many shares)?

what about buying and selling online? is this possible?

or actually going to NYC?

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3 ANSWERS


  1. No way. it's not going to happen

    Nothing in life is free,  why should expect to do something without paying something for it, especially something that's a high risk business.

    Broker/dealers provide a needed service, the are exchange members that permit others to trade, they pay their exchange dues, they pay assessments to regulatory agencies, they support clearing firms, why should they give all this away for nothing.

    How do you clear your transactions on the exchange, who pays the clearing fees.

    How do you support specialist and/or market makers.

    How does you money move from your bank to whoever's bank.

    How are you protected from fraudlent trading,

    Who protects you when the other side backs away from a trade.

    If you're going to trade on the exchanges, you have to use a broker/dealer, either uses their services or use their websites.


  2. Put at least $2500 in your account with www.Zecco.com and you get 10 free trades a month

  3. No. all are going to charge a commission or trade fee to execute the trade. Why would they do it for free? It is a business. Use an online account for the lowest fees - not a broker who is signficantly higher. E-trade and Bank of america are pretty low cost. My B of A account is $10 per trade - no matter how many shares. This is expensive if you only buy one share...but at a few hundered it becomes almost irrelevant. No. you can't go to NYC and try to get on the floor to sell or buy a few shares. Sorry.

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