Hi all, thanks for having me. I'm new to investing and having some trouble understanding the transaction costs using brokers, especially their diffrences.
Popular brokers in my country are Keytrade or Binckbank, both trading at a cost of 7,5 EUR for European Markets and 30 DOLLAR for American Markets. If I'd do a monthly transaction of 500, would I pay 30 dollar each every month (ending up in 360 dollars a year only in transaction costs, excl. taxes, product costs (ETF's),...).
For a small investor that seems like a high barrier to cross...
I've looked at DEGIRO and the total costs there would be around 50 dollar a year. That's cheap, but seems sketchy as well. How to start investing and finding a reliable broker?
Submitted June 04, 2018 at 04:21AM by CunningTatum https://ift.tt/2xHOgw8
