How Much Do Stockbrokers Charge?
Your stockbroker charges a fee called a commission, each time you buy and sell a stock. Commissions are used to pay for your brokers salary and for the services the firm provides. When you buy you pay your broker for the value of the stock plus the commission and other charges. When you sell your stock, you receive the value of the stock less the commission and other charges. The commission charged is agreed upon between the stockbroker and the client. Since March 1994, all commissions including those charged on corporate bonds, stock and block transactions were deregulated. Besides the brokers commission, the other charges attached to the purchase and sale of shares are: the Jamaica Stock Exchange Cess of 0.15625 % on either side of the transaction.
