COMMISSION FEES CAN take a large bite out of investment returns when buying and selling individual stocks, funds and other investment products.
Traditionally, these fees ranged from $1 to as much as $50. Fortunately, more online brokerages are moving toward a free stock trading model, which is good news for investors. In fact, Robinhood, an investment app, has offered zero-commission trading for years.
“Cutting commissions is definitely a step in the right direction in terms of reducing the costs for the investor,” says Stan Gregor, CEO of Summit Financial in Parsippany, New Jersey.