YAST: Yet Another Stock Thread

[manlymatt83]

Is Sharebuilder the only brokerage that charges a large order surcharge?

# Large order surcharge: In addition to the base commission, a large order surcharge of $0.015 for each additional share over 1,000 shares will be incurred. The total commission (base commission + surcharge) is subject to a maximum of 2.5 percent of the principal, but no less than the base commission. (does not apply to Automatic Investments)

It seems that if I buy/sell like 10,000 shares of something I'll end up paying an extra $100 or $250... that sucks.

Do other brokerages do this?

 

[ebaycj]

Most real (read: not online-only) brokers do.

Just make ten trades @ 1000 if it comes out cheaper for you that way.

 

[montypythizzle]

I agree.

 

[LS21]

at 10$/share, an extra 300$ on a 100k order isnt really a dip in the bucket.... its like mis timing and paying an extra 3/10th of a cent for the share..

 

[TallBill]

Originally posted by: LS21
at 10$/share, an extra 300$ on a 100k order isnt really a dip in the bucket.... its like mis timing and paying an extra 3/10th of a cent for the share..

Thats large enough for me to notice. .3% isn't really that small IMHO.

 

[manlymatt83]

Agreed. Kind of stinks. Maybe I should use zecco for my larger trades.

 

[manlymatt83]

Originally posted by: ebaycj
Most real (read: not online-only) brokers do.

Just make ten trades @ 1000 if it comes out cheaper for you that way.

is TD ameritrade a fake broker?