broker charge

builder34

Hi all , just quick question on comissions from aib to buy and sell ur share a once off thing i bought they charged me 131 euro i sold they charged me 200 is this done on a rate i presumed it was set payment of 100 euro i am more than likely wrong just anyone in same situation know any different thank you

seven-iron

what?

Blackjack

The lack of punctuation makes it impossible to figure out what you're asking.

Sorry, I don't mean to sound rude, but I really haven't a clue what you're asking here.

builder34

Sorry guys

Ill try explain better, I bought 7545 shares in aib at 1.06 and i got charged 131 euro on commision for them to buy for me as this was a once off buy for me sdrt was 80 euro

Last week i decided to sell my aib shares and i got 1.61 a share this time when i received cert it showed commission of 201 euro

I am a novice at shares and bought on advice from friend but i thought that there was a set rate of 100 euro per transaction for commission

I have to presume that the commission works on price of shares so i was just asking for explanation of how the commissions work

ty

TheInquisitor

No its either a set rate or a percentage of the total value of the deal whichever is higher. it might be like 2% of the sale price which would make sense in looking at what you were charged. Im surprised your dealer didn't tell you how much the commission was though, always ask how much and try to haggle it down.

Cynical Dragon

Builder,
Looks like u are getting charged 1.65% commission to do a trade. Then you pay other charges on top of this like stamp when you are buying only. Just so you understand, you pay 1.65% commission of the total trade value. Trade value is simply the number of shares 7545 multiplied by the price 1.06 (or 1.61 when you were selling). This is a very high rate to be paying to trade..U should shop around..The crowd I use would have done the same trade for about 35 euro saving you 300 euros..

builder34 wrote: »

Sorry guys

Ill try explain better, I bought 7545 shares in aib at 1.06 and i got charged 131 euro on commision for them to buy for me as this was a once off buy for me sdrt was 80 euro

Last week i decided to sell my aib shares and i got 1.61 a share this time when i received cert it showed commission of 201 euro

I am a novice at shares and bought on advice from friend but i thought that there was a set rate of 100 euro per transaction for commission

I have to presume that the commission works on price of shares so i was just asking for explanation of how the commissions work

ty

builder34

Thanks guys

Yes i will shop around next time as aib branch made transaction for me as bit of novice that i am, i was aware it was more expensive this way but i didnt feel id be making many transactions in near future, to be honest i thought id be sitting on these shares for a bit but the fall was going fast and well if i asked how much they were going to charge me on commision by the time i would have processed it in my head i would be broke lol

well thanks guys and ill be more prepared next time applied for online account with goodbody s mayb not cheapest but ill start here anyways

cheers

pocketdooz

builder34 wrote: »

Sorry guys

Ill try explain better, I bought 7545 shares in aib at 1.06 and i got charged 131 euro on commision for them to buy for me as this was a once off buy for me sdrt was 80 euro

Last week i decided to sell my aib shares and i got 1.61 a share this time when i received cert it showed commission of 201 euro

I am a novice at shares and bought on advice from friend but i thought that there was a set rate of 100 euro per transaction for commission

I have to presume that the commission works on price of shares so i was just asking for explanation of how the commissions work

ty

Don't buy Irish bank shares on the advice of friends imo.

Daragh101

builder34 wrote: »

Hi all , just quick question on comissions from aib to buy and sell ur share a once off thing i bought they charged me 131 euro i sold they charged me 200 is this done on a rate i presumed it was set payment of 100 euro i am more than likely wrong just anyone in same situation know any different thank you

the mistake is trading with AIB.... try sharewatch .