Broaching fees can quickly make your investment in the stock market to get worse; Especially if you often place orders. The comparison is necessary for paying the weakest commissions.
➡ In this article, we compare fees for transport charged on the main investment platforms in France.
What to know about the cost of mediation
Before comparing brokerage costs, understanding what we are talking about: Broach fees are paid for the costs of your brokers on the stock market (or brokers) for the purpose of purchasing or sales transactions of financial securities (stocks, bonds, ETF, etc.).
It is important to realize that only transactions carried out lead to the cost of mediation. Unpaid or canceled scholarship order does not cause mediation fees before making; Still happy!
Most brokers use the cost of mediation that are:
- proportional to the amount of transaction,
- With a form of tast: The more you place your orders or the more your orders are significant and the lower the commission rate is used,
- And higher for foreign scholarships.
Brokers also tend to create different formulas that sincerely simplify the comparison.
⚠ But beware, the costs of mediation are not the only costs to be taken into account. Above all, it is necessary to prevent recurring costs. We give a quick point to these additional costs that are not always negligible. ⤵
Other scholarship fees
Your online bank or broker can use the following “Annexes” costs:
- Holding Account Fees : This is the worst! They are used every year and are generally proportional to your portfolio of securities. Because it is recurring costs, they introduce the performance of your long -term investment and therefore it is absolutely necessary to avoid them.
- Inactivity costs: It is a classic of some online banks that it will also be a question of how to avoid at all costs if you are a long -term investor. These costs are running unless you enter orders in the month.
- Removable : Received as soon as you buy an action or title in a foreign currency. Unfortunately, they can rarely avoid them. For example, if you are going to buy American or English events, be careful.
- And finally, the fees for the selection : It’s rare, but some brokers penalize you when you remove the money from the account of securities or peas.
Large network banks apply for children’s care costs around 0.3% per year; This is what my father paid Crédit Agricole before I looked at his accounts. In the EUR 100,000 portfolio, it is € 300 thrown out of the window!
✅ You can simply avoid these children’s care costs by choosing an online broker. In addition, traditional banks are so bad in the fees for the stock market that I have decided not to include them in this comparison.
Comparison of brokerage costs in peas
You have two opportunities for investing in the stock market: opening peas or opening your securities account. However, there are two specificities on the peas that need to be known. Really:
- Broach costs are under the supervision of the lawIt must not exceed 0.5% of the transaction.
- There are much fewer brokers who are tearing a player than brokers who put on the securities account Because it is a French-French account and foreign brokers rarely offer peas.
From this intention there are price grids of the main online brokers:
| Brokerage | Child Care / Inactivity Fees | |
|---|---|---|
| Wallet | ||
| Discovery | – 1.99 EUR per order less than 500 euros – 0.5% otherwise |
– |
| Dealer | – EUR 16.65 per order less than 7 750 euros – 0.22% otherwise |
EUR 5.95 if no order in the month |
| Ultimate Trader | – EUR 9.9 per order less than 10,000 euros – 0.12% otherwise |
€ 119 if less than 30 orders in the month |
| Fortuneo | ||
| Starter | – 0 € first order less than 0.35% – 0.35% otherwise |
– |
| Progress | – EUR 4,90 per order less than 3000 euros – 0.15% otherwise |
– |
| Trader for | – EUR 9.50 per order less than 10,000 euros – 0.10% otherwise |
– |
| Direct scholarship | – EUR 0.99 per order less than 500 euros – EUR 1.9 per order less than 1,000 euros – EUR 2.90 per order less than 2000 € – EUR 3.80 per order less than 4,400 euros -0.09 % per |
– |
| SAXOPHONE | – 2 for an order less than 2500 euros – 0.08% otherwise |
– |
Note that in all cases the amount paid shall not exceed 0.5% legal. For example, if you enter a stock market order of EUR 500 with a “Trader Pro” pattern on Fortuneo, it will cost you EUR 2.5 and not 9.5 euros. For example, be aware that a traditional bank like Crédit Agricole will cost you 0.5% for a transaction and 0.3% of care.
➡ We can already draw certain conclusions when reading this table:
- Boursobank (ex boursorama banque) is out of the game. With the name that gives pride in the place on the stock market, we could expect the most recurrent cost of Boursorama; But the other way around! The online bank is systematically the most expensive and it is the only one of these comparisons that takes on the cost of inactivity (except for the Discovery formula).
- Saxo is the cheapest online broker for large quantity orders. In fact, it is this broker that displays the lowest commission: 0.08% over EUR 2,500.
For the rest, you have to deepen a little, because it depends on the number of orders and the amount of transactions.
The following matrix gives you the cheapest broker according to the following parameters:
“All that remains to choose a broker that best suits your need. Note the same way that it is played in a handkerchief. For example, if you place orders between EUR 500 and EUR 1,000, you will cost you only 10 more cents than a direct scholarship. It is not enough to actually affect your decision. Other criteria must also consider balance, I think especially about the ergonomic quality of the platform; In this analysis of the best peas I speak in detail.
Comparison of brokerage costs on the title account
Compared to brokerage costs in the title of titles, we will be able to include more brokers and especially two: Commercial Republic and Degiro.
We will also have to distinguish transactions made to Euronext (Paris, Brussels and Amsterdam) from those that have been made on foreign scholarships because prices are not the same.
Comparison of the cost of Euronext
At Euronext, the price grid remains reproduced above for peas valid for securities accounts of these same brokers. Just update the previous comparison with respect to brokerage costs of the Commercial Republic and Degiro, which are actually very simple:
- DefreateIt requires 2 euros in the order, regardless of the amount;
- And for the Commercial RepublicOnly 1 euro.
Finally, we can update the cheapest as follows Matrix Matrix:
➡ Therefore, the Trade republic intermediary refutes cards, especially for large quantity commands, because unlike other brokers, it practices solid and non -monument commissions.
Also note that this broker offers automatic “investment plans” that allows you to invest automatically every month or every week without paying costs! In this devoted opinion, I tell you more about the Committee.
Comparison of the cost of US scholarships
It would be a little tiring to review the various price grids applied in each country, from Mexico to Poland to South Africa …
To realize the differences in the tariff, let’s focus on the largest market in the world: the US.
There are different brokerage costs that can be expected if you want to buy an event or ETF listed on the New York Stock Exchange.
| Brokerage | Exchange fees | Child Care / Inactivity Fees | |
|---|---|---|---|
| Bourgeois | |||
| Discovery | – 6.95 EUR per order less than 6 000 euros -0.12% per |
~ 0.2% | – |
| Dealer | – 6.95 EUR per order less than 6 000 euros -0.12% per |
~ 0.2% | EUR 5.95 if no order in the month |
| Ultimate Trader | – 6.95 EUR per order less than 6 000 euros -0.12% per |
~ 0.2% | € 119 if less than 30 orders in the month |
| Fortuneo | |||
| Starter | 30 € + 0.20% (min 20 €) | 0.05% | – |
| Progress | – EUR 9.50 per order less than 10,000 euros – 0.12% per |
0.05% | – |
| Trader for | – EUR 9.50 per order less than 10,000 euros – 0.12% per |
0.05% | – |
| Direct scholarship | |||
| – EUR 8.50 per order less than 10,000 euros – 0.09% per |
0.08% | 0.036% per year | |
| SAXOPHONE | – EUR 1 per order less than 1250 euros – 0.08% otherwise |
0.25% | – |
| Degree | 2 € 2 | 0.25% | |
| Trade republic | € 1 | 0% |
Reading this image requires several notes:
- Boursorama thrives on American scholarships much better than on Euronext.
- On the contrary, Fortuneo – his big opponent – disappoints a little. In particular, it will be necessary to avoid entering orders to the stock market abroad with a starting formula with the risk that you always cause several tens of euros.
- When you place orders to the US, you must also take into account exchange costs (Euro / dollars). 💡But there’s a tip: For example, in Degiro or Saxo you can open an account in dollars, so you pay exchange fees only once and not with each transaction.
- Finally, pay attention to the costs of guards that are added to all foreign titles. Although the rate is low, it is somewhat unpleasant.
Well, what conclusion should we draw?
➡ Simply that the Committee is the cheapest broker in all cases. The intermediary does not even use the exchange costs for a simple reason that it goes through a private exchange system where all transactions are carried out in euros. The only defect in this approach is that there is a risk that the purchase or selling price is not as good as the price of a regulated market.
If you prefer the traditional transaction regime, decide in this case for Degiro (EUR 2 or EURO) and open up to all your US investments.
Fees for the effect of the lever
On the stock market, “The Lever Effect” allows you to invest outside your initial bet; We are also talking about a multiplier effect. For example, with 1,000 euros, you could buy 2,000 euros per stock. To this end, your broker lends you money (directly or indirectly with derivative products).
The effect of the lever does not lead to the higher parliament of the higher parliament (in addition, you enter commands in larger amounts). On the other hand, there are costs for “financing” that is paid every day. These costs are variable depending on the selected means:
And remember that the lever effect allows you to multiply your income, but that it is also valid for losses!
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