After the Spring Festival, it finally ushered in a "good start" ** The enthusiasm of investors was ignited in an instant, friends who did not open an account around them are looking for a low commission to open an account, and friends who already have an account are also eager to try, and begin to pay attention to the commission of the account, because the handling fee is the real cost that will be generated for each subsequent transaction, so the rate must be adjusted in place before the transaction, so that you can use it boldly and with confidence.
At present, there are many investment varieties in the A** field, such as **, on-site ETF**, LOF**, convertible bonds, Beijing Stock Exchange, Hong Kong Stock Connect, delisted stocks, etc., investors are very puzzled, why when looking for a brokerage to open an account or apply to the account manager to adjust the commission, the commission standard that can be adjusted for different investment varieties is not the same?
First of all, we need to understand the commission fee model of brokers, at present, some brokerages set up a net commission model, and some brokerages set up a full commission model. So what's the difference between a net commission and a full commission model?
Net commissions: Only for this part of the fee charged by the brokerage, excluding handling fees, securities management fees and transfer fees.
Full commission: It includes net commissions, handling fees, securities management fees, and some brokerages also include transfer fees.
Full commission = net commission + handling fee + securities management fee+ Transfer fee
The difference in commission standards for different investment varieties that we feel is mainly from the full commission model, because the transaction costs of different varieties are different, and the standard of full commission will naturally be adjusted accordingly.
1. Why is the fee of the Beijing Stock Exchange higher than that of the Shanghai and Shenzhen Stock Exchanges?
This is mainly because of the relatively high handling fees of the Beijing Stock Exchange. The specific criteria are as follows:
2. WhyThe handling fee of exchange-traded ETFs and convertible bonds is significantly lower than that of **?
This is mainly because the transaction costs of exchange-traded ETFs and convertible bonds are mainly only handling fees, and there are no transfer fees, securities management fees and stamp duty fees, so the cost is low, and the full commission given by the brokerage is naturally low.
3. Why is the commission of the delisted board higher than that of the Shanghai and Shenzhen main boards**?
The reason why the commission of the delisting board (formerly known as the old third board) is much higher than that of the Shanghai and Shenzhen main boards is mainly because the handling fee of the delisting board is relatively high. The current handling fee of the delisting board is 6/10,000, while the handling fee of the Shanghai and Shenzhen main boards** is 0/10,000341, which is equivalent to 176 times the difference. The transaction cost is high, and the commission charged by the brokerage will naturally be higher.
4. WhyTransaction fees are higher than those of the Shanghai and Shenzhen Main Boards**?
The reason why the full commission is so high is mainly because the handling fee is relatively high.
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Knowing the fee structure of each symbol, it is not difficult to calculate their transaction costs, of course, this does not include the costs paid to brokers. Brokerages to investors to provide trading channels, maintenance of trading software, and manual services are all generated a certain cost, it is impossible to zero cost to investors, even if sometimes it seems to be zero cost on the surface, in fact, the brokerage is also calculated the potential returns that this customer can create for the company in the future, which is why high-net-worth customers or institutional customers have stronger bargaining power, because in the company's view, they are willing to obtain the potential high returns that high-net-worth customers can create at a lower cost.