Buying Stocks
Q: Hello. I'm thinking about buying stocks for the first time. I have an account with ING & they now have Share builder on ingdirect.com Is Share builder good as far as brokerage companies are concerned? I only have a limited amount of money to Initially Invest. Does anyone have any good information on Share Builder? I saw what their rates were. I do have another question to ask. I'm new at this so please forgive me if this sounds like a stupid question. When you buy stocks, lets just say that I want to buy 10 Shares of VG. Does that mean that the 10 shares that i bought count as One Trade or does it mean that I will be charged a commission fee 10 times Thank you for your help In advance.
A: commission fee applies to the executed order. its possible that there is a per share fee in addition to the commission fee. There isn't a per share fee in sharebuilder, just the comission fee, which would range between free or 9.95 depending on the 'service type' you subscribed to. Trade with Banc of America Investment Service. No comission fee and No per share fee. No fee at all for any trade. As long as you keep at least $15000.00 balance in the account. I am enjoying their service for last couple of monthes. Seriously no fee at all for any number of trading. Isn't that great! According to the finer BAI prints https://www.baisidirect.com/ Online equity trades as low as $0 (1) (1) Maintains a combined total of $25,000 or more in your deposit accounts at Bank of America N.A. (...) Perhaps the rules have changed??
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