Pay significantly more when buying shares than they are actually worth?
Hey, I recently opened a securities account with ING because I would like to trade stocks.
If I wanted to buy a share worth €170 now, I'd have to pay €200 in the end. Why is so much added on? (I always do this with an open trading platform, which adds €0 extra)
If you buy for only 170,- shares, there are a lot of order fees per percentage. That is why You should buy nothing under at least 1,000.
It’s also up to the stock. If it is a small commercial volume, it may be that the spread is extremely high, i.e. the price is 170,- , purchase price 175,- , sales price 165,- . That is why should not buy shares with small HV
The share trade with such mini amounts is uneconomic as the relationship between turnover and fees is not in any healthy relationship.
For example, I do not act under 5,000 EUR/trade, more clearly than that.
On the stock exchange, the price comes to be consistent with the supply and demand.
Issued orders appear in the so-called order book with a limited price value and the amount of ordered number, which is now in electronic form.
All Verkausforders are listed as ASK order, all purchase orders as BID order.
The difference between BID and ASK is called spread.
The course will then be completed to which the necessary number of shares are present in BID and ASK.
Orders without limit accept each course and can lead to nasty surprises in market-like titles.
I therefore usually only handle limit.
You don’t just buy one share because the extra costs are too high.
Ah ok thank you, but in the case it would be normal that I would have to pay 30 extra
You pay a fee of 10 to 20 euros, whether you buy 1 or 1000 pieces
I think it’s up to every purchase bill as the billing amount is. You don’t need to ask here.
Since when has a bill been bought without something?
Then you just look into the bank’s fee list. It’s obvious. Those who are already hard about it should not trade with shares.