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Commission Question

There's a job I sold at 40% commission after the cost. The cost of materials and stuff like that would be taken out before arriving at the profit margin. My commission is 40% of the profit. We buy a ...
Wildlife's user avatar
-2 votes
2 answers
169 views

How do online payment service apps earn money?

How do apps like PayPal, Google Pay etc. earn money? Peer to peer transactions on Google Pay transfer the complete amount to the receiver so apparently there is zero commission involved. (For example, ...
bool thebuilder's user avatar
1 vote
1 answer
236 views

What's the difference between markups and "commissions, transaction fees and contract fees" when purchasing individual bonds on the secondary market?

I read on forbes.com: It can be difficult for investors to know the true cost of individual bonds on the secondary market, as prices frequently include markups. In addition, it’s entirely possible to ...
Franck Dernoncourt's user avatar
21 votes
6 answers
19k views

Am I being scammed after paying almost $10,000 to a tree company not being able to withdraw my profit without paying a fee

I was contacted by a woman on Instagram who told me I could make a $50,000 profit after sending in $500. This has been going on since August 2022. The senior trade manager told me that my account had ...
Lee's user avatar
  • 353
1 vote
0 answers
28 views

Forex spread commission on mini-lots, how does it work?

Hi guys and sorry if this is a dumb question So FP-Markets charges the spread as the commission on buying and selling Forex pairs with a full standard lot, my question is if I trade mini lots do I pay ...
RaniFaris's user avatar
  • 107
1 vote
1 answer
140 views

What parts of W8Ben to my overseas artists need to fill out?

I run a small online gaming company (sole proprietor LLC) and I frequently commission artists from both the US (whom I issue 1099s to, and will start to collect W9s from), but ALSO contract some work ...
poster9182737's user avatar
0 votes
1 answer
158 views

Stamp tax duty on UK stocks: when does it apply?

Some sources on the Internet tell that buying shares on UK stocks is assessed to a stamp tax duty of 0.5% of trade value for UK stocks and 1.0% of trade value for Irish listed stocks. I recently ...
Peggy's user avatar
  • 136
2 votes
1 answer
166 views

How does TD Easy Trade make money with commission-free trading (Canada)?

How does TD Easy Trade make money with commission-free trading? Is it solely through USD currency exchange fees like Wealthsimple? Is TD using the platform as a loss leader for their Direct Investing ...
Jimmy Vailer's user avatar
53 votes
9 answers
12k views

When buying a property, is your agent's incentive contrary to yours?

My understanding is that buyers agents are typically paid half the overall commission of a property sale, which itself is some percentage of the sale price. That means that as the sale price goes up, ...
Alexander's user avatar
  • 1,131
2 votes
1 answer
225 views

FSBO - showed house directly to buyer (without realtor involvement) then buyer submits an offer to their realtor. Who pays Realtor's commission/fees?

I recently showed my house to a friend of a friend, before officially putting the house on the market. The buyer then contacted me that evening advising they'd submitted an offer on my house to their ...
JC34's user avatar
  • 21
2 votes
2 answers
98 views

Is zero commission stock trading dependent on payment for order flow?

All zero commission stock brokerage firms I have looked at are able to offer zero commissions because of payment for order flow (PFOF). Is PFOF a necessary component of zero commission stock trading, ...
Flux's user avatar
  • 17.1k
0 votes
3 answers
177 views

Must I to pay a 2% commission if I invest in a mutual fund via an online broker?

If I invest in mutual funds via one of the online brokers; such as Interactive Brokers, Fidelity, Vanguard, etc.; do I need to pay a 2% commission to the exchange in which the shares are bought? If so,...
Our's user avatar
  • 373
2 votes
3 answers
169 views

Pros and cons of discount brokerages vs established brokerages

What are the pros and cons of a discount brokerage (such as Wealthsimple, Robinhood, etc.) compared to a more established brokerage (such as TD WebBroker, etc.)? Why do companies such as Wealthsimple ...
Jimmy Vailer's user avatar
9 votes
3 answers
3k views

FSBO seller, shows house to potential buyer, then get's contacted by a Buyer's Agent asking for commission amount

I have my house for sale. A potential buyer contacted me directly, I showed the house to his family and had various emails/telephone conversations with them. About a week later, I get a call from a ...
JAC's user avatar
  • 99
-1 votes
1 answer
164 views

How can I compare the order execution quality between two brokers if they don't follow the Financial Information Forum (FIF)'s template?

As explained in https://www.stockbrokers.com/guides/order-execution (mirror), the information present in SEC Rule 606 reports don't allow to compare the order execution quality between brokers. As a ...
Franck Dernoncourt's user avatar
11 votes
2 answers
2k views

Did the recent trend among stock brokers to switch to commission-free stock trades result in a degradation in trade execution quality?

I read on https://www.cnbc.com/2020/08/13/how-robinhood-makes-money-on-customer-trades-despite-making-it-free.html (mirror): Before, when brokers charged commissions for each trade, they often were ...
Franck Dernoncourt's user avatar
1 vote
1 answer
143 views

Paying commission to buyer who is a real estate agent

My listing agent found a buyer (her friend!) who is also a real estate agent. Is it ethical for this buyer (a real estate agent) to expect commission when she is buying my house? In this case, she is ...
user100258's user avatar
3 votes
1 answer
120 views

Trying to understand what trading costs actually are in funds and ETFs

I'm trying to understand what the trading costs are in ETFs and funds. Is the explanation below correct? ETFs have trading costs because they trade almost like stocks, so you need to go through a ...
Martel's user avatar
  • 1,281
7 votes
2 answers
2k views

Maximize trading commission bonus

As a new client of a broker I'm given $300 of free commission on trading (basically on everything: stocks, options, futures etc). Is there a way to capitalize this bonus by creating some combination ...
KingBOB's user avatar
  • 467
1 vote
0 answers
160 views

Is Trading 212 fair and legitimate broker for buying ETFs?

I am looking for a way to make an investment into an ETF. Many of the low cost international brokers are unavailable in my country while the local banks have fairly high commissions. I got a ...
Džuris's user avatar
  • 661
17 votes
8 answers
62k views

Should I become real estate agent to save on buying my own home and sell existing one?

I see cost to sell a home is at least 6% in commission and some expenses. I am planning to sell my $200K home and buy a new one of about $500K. Without arguing which party( buyer/seller) pays for the ...
Raj's user avatar
  • 3,492
5 votes
1 answer
276 views

How do US brokers make money and what should a consumer look out for?

My question is an extension of Brokerage Making money. Recently, Schwab and TD_Ameritrade have lowered commissions to zero. There are other brokers that also offer zero commission. I know there is ...
riya's user avatar
  • 1,245
1 vote
3 answers
168 views

Compliant investing

After saving for a couple of years, about half a year's salary has accumulated in my savings account and I now want to start investing long term in index funds, however if I open a securities account ...
user3656550's user avatar
1 vote
2 answers
110 views

Avoiding commission on tiny positions

A stock I had gave me some kind of dividend into 2 other stocks from a venture capital. Basically I never purchased those venture stocks and but I now have a tiny position on them (now worth about 2$ ...
FMaz008's user avatar
  • 133
-2 votes
2 answers
143 views

If per trade commision is 5$, then, if I place an order for 100 shares of 10 different companies at the same time, what will my commission be?

I'm trying to trade penny stocks and I'm trying to determine which is profitable in terms of commissions. If I have 10 companies, each of them is priced at 2$ and I need to purchase 100 shares in ...
Rishi Swethan's user avatar
0 votes
2 answers
141 views

Is there any disadvantage to applying for a credit card through a website's affiliate link?

I've researched a number of credit cards and I found one that I want to apply for. If a particular website was helpful in my decision process, is there any downside to applying for the credit card ...
turbulencetoo's user avatar
0 votes
2 answers
96 views

When do Commissions get charged?

I'm looking to finally start trading real money, and the broker I used to practice NEVER said anything about commission. Whenever I calculated the expected outcomes, commission did not seem to be ...
Shadow Sniper's user avatar
0 votes
2 answers
138 views

Help me understand these options prices

I learned about options in a financial mathmatics class a few years ago, and recently I thought I'd buy some for fun/to learn how it's done in real life. I don't like Intel (don't hate me) and it was ...
sudo rm -rf slash's user avatar
1 vote
1 answer
149 views

Is the buyer's agent fee assessed on a real estate sale if there is no buyer's agent? [duplicate]

Various sources I have read state that the typical real estate agent fee is 6% of the sale price of the home and that this is divided into 3% for the seller's agent and 3% for the buyer's agent. What ...
Five Bagger's user avatar
  • 9,785
3 votes
1 answer
251 views

Do over 96% of retail investors pay at least $4.95 per trade?

I read on https://www.stockbrokers.com/guides/order-execution (mirror): over 96% of retail investors pay at least $4.95 per trade. However, the claim isn't supported by any reference. Is there any ...
Franck Dernoncourt's user avatar
3 votes
1 answer
101 views

What do I need to file as far as taxes if I give out a one time commission to a friend

I have an LLC and I own a small recruiting side business. One of the people I "placed" at a company was through a friend. I paid that friend $3000 for his services or helping me find a candidate. My ...
user2994991's user avatar
2 votes
4 answers
310 views

If I buy and sell a zero commission stock, would I lose any money?

If I were to use Robinhood for zero commission stock trading, does that mean that if I were to buy $100 dollars in a stock and immediately sell it I wouldn't lose any money? I'm trying to make sure I ...
Laff70's user avatar
  • 123
-2 votes
1 answer
109 views

Why aggregate price improvement by size of order in shares and not size of order in value?

As explained in https://www.stockbrokers.com/guides/order-execution (mirror), the information present in SEC Rule 606 reports don't allow to compare the order execution quality between brokers. As a ...
Franck Dernoncourt's user avatar
5 votes
1 answer
150 views

Why might a brokerage firm stop offering a particular ETF commission free?

I have been happily buying units of IVV commission free via TD Ameritrade. They just revised their list of free ETFs and sadly IVV is not one of them. Most of the other institutions don't offer it ...
Sridhar Sarnobat's user avatar
1 vote
1 answer
179 views

Is there a better term that means "the amount subject to a commission rate"? [closed]

If you were building a commission report laid out like the example below, is there a succinct term or word that would work well for the third column? Employee Commission Type ??????????????? ...
Justin Heath's user avatar
4 votes
1 answer
5k views

How do brokerage firms make money?

I know that this question has been hinted at on other open question sites like Quora but I have yet to find anyone who lists all of the points in one place. I understand that firms make money by: ...
Jay Lord's user avatar
6 votes
1 answer
918 views

What dictates the costs of creating an options contract? (Commissions breakdown)

What are the exact components of options commissions? In other asset classes like stocks, I can clearly see the evolution of regulatory changes that allowed businesses to compete on the price of ...
CQM's user avatar
  • 20.2k
0 votes
2 answers
290 views

Whats the difference between multiplying by 0.999 and dividing by 1.001?

1/1.001 - 1*0.999 is non zero. But whats the difference between multiplying by 0.999 and dividing by 1.001? If say I was doing some foreign exchange at the airport and they wanted a 0.5% transaction ...
user45259's user avatar
-1 votes
1 answer
56 views

E*Trade commission

I was wondering how the commission on E*Trade works. They say that they take 7 dollars for each transaction, but do they also take a percent of your earnings? Lets say that I made 3000$, would they ...
Harsh's user avatar
  • 11
1 vote
1 answer
195 views

A Person Just Wants to Sell a House -- Whats the Commission?

Lets say a person owns 2 houses and wants to get rid of one. Lets say usually its 5% listing (60/40) seller/buyer agent In this case theres no buyer agent because seller is just looking to sell the ...
Rockyroad5619's user avatar
3 votes
3 answers
33k views

Are 'per trade' fees charged on every order or just once per stock?

As someone relatively new to stocks, I understand that stock brokers charge commissions: usually either per share or per trade. In general, are commissions taken every time you place any order (...
Thompson's user avatar
14 votes
5 answers
4k views

Why can Robinhood offer trading without commissions?

I was wondering why the startup Robinhood can offer free stock trading, while other online stock brokers charge commissions. How is it possible that this is the first initiative that offers this kind ...
Robert Dijkstra's user avatar
36 votes
1 answer
15k views

How does Fidelity make money off me?

I have an IRA account with Fidelity which I use to buy a handful of Fidelity mutual funds. Since they are Fidelity mutual funds, Fidelity does not charge commission on them. So how then does ...
David says Reinstate Monica's user avatar
13 votes
3 answers
4k views

Do I owe a finders fee to my tenant's broker if they didn't bring me the referral?

I am currently using a broker to help me find new tenants for my rental home. Currently, she has only advertised the home on Craig's list. However, at an open house that she was hosting for another ...
Terry's user avatar
  • 131
1 vote
1 answer
471 views

Freelance site with lowest commission fees? [closed]

I got a gig from one of the company via email & interviews and they made me a good offer. They want me to start this collaboration via Elance and when I looked at the fees/charges on Elance I ...
RanRag's user avatar
  • 111
0 votes
1 answer
650 views

If I join a prop trading firm, will I enjoy low commissions

I often hear that professional traders pay negligible (<1 cent ) commission per trade. Is this true? Does this mean that if I open up an account with a prop trading firm in Toronto and put up 25k,...
Victor123's user avatar
  • 16k
1 vote
1 answer
90 views

Does the ETF ticker price include its expense ratio?

When I look at an ETF ticker price, does the price already include the management expense ratio? Or will I get hit by the ratio when I try to sell? a.k.a if ETF X has a 100$ price with expense ratio= ...
Victor123's user avatar
  • 16k
3 votes
1 answer
494 views

In what ways is IEX different than a typical dark pool or a typical exchange?

In his recent best seller "Flash Boys" (#1 of the NYT best seller list), Michael Lewis tells the fascinating story of an unlikely hero, Brad Katsuyama from RBC. Upon realizing that "the stock market ...
arielf's user avatar
  • 131
1 vote
1 answer
3k views

Commission free trades for non permanent resident? [closed]

My brokerage gives me a few commission free trades per month. Non-citizen, non-permanent residents cannot open an account. Are there any brokerages that offer commission-free trades and are open to ...
mushroom's user avatar
  • 777
4 votes
2 answers
2k views

What's a recommended minimum amount for buying an index ETF, to minimize fees/commissions?

Let's say every month I transfer $559, which is about 3 shares of VOO. The commission from Fidelity is $7.95, which is about 1.42%. Is it worth doing that, or better, every other month buy worth of $...
CodeCrack's user avatar
  • 173