Personal Finance
Hidden Fees to Watch Out for When Choosing an Online Brokerage
By ValueChampion  •  February 23, 2021
If you're looking to start investing, then you're not alone. Online trading has grown in popularity in recent years, with easy-to-use platforms and transparent trading. Besides knowing the risks in trading, however, you should also be aware of the fees you will have to pay. While the advertised fees listed on many brokerages websites might seem marginal (less than 1% per transaction), not all are transparent. Moreover, these "hidden fees" could make or break your trading experience with a firm. Below, we break down all the fees you need to be aware of before you start investing. High Platform Fees Some online trading platforms will charge you a platform fee or custodian/custody fee. These administration fees give you access to the platform and are used for maintenance and improvement of the services. These can be charged monthly or annually, and billed every month, six months, or year. Platform fees can...
Read the full article
By ValueChampion
We distill sprawling marketplaces—for insurance, credit cards, bank accounts, and more—down to choices that represent a sweet spot for value—as in offering the features, returns, or experience we think you need for the smallest outlay. We ask: Is the return on a particular purchase or decision worth the cost or risk of that option, and how does the choice stack up against other options?
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance