Brokers and commissions
Although margin isn't a true cost (you get it back at the end of the trade, plus any profits or minus any losses), commissions are. Commissions are your broker's fees for his services, and they range across the board and by broker. The two major types of commission firms are the discounter and full service.
Commissions, while important, should not be your only consideration when choosing a broker. Low commissions do not always mean the best service. My firm is a full-service firm, and although our commissions are competitive for full service, they are generally a bit higher than discounters. I'm not trying to say there isn't a place for discount brokers. My firm also offers online trading at reduced rates for self-directed ...
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