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BC
Bill Combs
@billcombs · Oct 7

How big of a fee is acceptable to you from a broker?

I started investing with Porto at the very beginning, but over time I found out that there is a 1% fee, which makes a terrible difference in the long run and it is a shame to lose that much money. So I then switched to XTB and fortunately there the fees are zero.

MS
Malcolm Stokes @stokes_malky Oct 12

I agree, the 1% charge is already visible and it's noticeable. There are plenty of brokers that have small or almost zero fees. Especially the difference is really big in the long run.

BC
Bill Combs @billcombs Oct 15

When you calculate with and without the 1% fee, the difference is really big even if it is only 1%.

TM
Trevor Mills @trev_mills Oct 12

For me, up to that 0.5, the fee is fine.

MS
Malcolm Stokes @stokes_malky Oct 12

That's too much. A lot of brokers nowadays have really low fees, and I see no reason to get ripped off for 0.5% of your portfolio.

NT
Nigel Thornton @_thornton Oct 12

I like zero fees best. If I have the option, why not take it?

BC
Bill Combs @billcombs Oct 15

I guess everyone does😂

WJ
William Johnson @willjohn Oct 9

I buy through Trading212, where the fx fee is only 0.15%, which I think is not too much. The port is quite expensive, but it's targeted at clients who don't want to worry about investing, so they pay for the convenience.

BC
Bill Combs @billcombs Oct 15

Yeah, that's still cool.

AA
Ashraf Aboudar @ashraf_dd Oct 8

At IB, it's $1 per transaction. I'm perfectly fine with that.

BC
Bill Combs @billcombs Oct 15

Okay, that's cool.