You will be charged per trade but you have to buy and sell each company separately. For example if you want to buy 100 shares of Disney, you will pay the transaction fee. If you want to buy 50 shares of Microsoft, you will pay another transaction fee. If you want to sell 20 shares of your Disney stock, you will pay another transaction fee, and so on. Every transaction will be subject to the trading fee, but it's much cheaper than working with a full-service broker. If you buy shares from 10 different companies, you will pay 10 fees.
Discount brokers like Scottrade or Etrade allow people to buy and sell online. Unlike a full service broker, they cannot advise you on your investments.
· 8 years ago