How can I reduce the brokerage costs when trading warrants?
Different types of brokers charge different amounts. Full service brokers charge more than a discount / online broker for the advice they provide. Some warrants, generally instalments and capital protected warrants, can be bought off-market directly from the issuer using a cash application with no or little fees charged. You must have a broker, however, to sell your warrants. Some warrants provide exposure to a group of shares within a sector or share a common characteristic. This allows you to pay one brokerage instead of 4 or 5 brokerage charges.
