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Confused about commission.


Guest Paul B.

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I agree it is not very clear. I assume you would get 0 commissions starting from the 4th trade, i.e after you have placed 3 trades in the month and paid commissions on those. If you are trading stocks frequently I would recommend you look at different brokers such as Robinhood.

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Just as an aside, it should be noted that the commission waiver is applied on a monthly basis. That is to say making three trades in a month will only grant you the waiver in the following month - any additional trades (beyond the three needed to gain the commission reduction) made in the same month will still be subject to a £10 commission.

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On 30/06/2020 at 08:29, ItsAlex said:

I agree it is not very clear. I assume you would get 0 commissions starting from the 4th trade, i.e after you have placed 3 trades in the month and paid commissions on those. If you are trading stocks frequently I would recommend you look at different brokers such as Robinhood.

I wonder whether you were would be charge on the 4th trade?

If, not then it still cost a regular trader (more than 3 trades in the month) £30 assuming each trade is £10.

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