InvestorQ : How important are broking costs while selecting a broker?
Mahil Khan made post

How important are broking costs while selecting a broker?

Answer
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TSH answered.
1 year ago


When you consider the broker cost, look at the apparent cost and also the hidden costs. A very important criterion for any trading account is the rate of brokerage charged. Obviously, no broker can practically offer you zero brokerage but the brokerage rates should be competitive. There is a cost to the service that the broker provides but you should be able to get value for money. More importantly, check for hidden costs. Some brokers may load costs like money transfer fee, service charges, mailing charges, download charges etc. Be wary of such charges being loaded. Prefer a brokerage structure that is value for money and is as transparent as possible.