Series 7: 14.6.1 Commission-Based Accounts

Taken from our Series 7 Top-off Online Guide

14.6.1  Commission-Based Accounts

Most individual accounts having a low level of trading activity operate on a commission-based system. Customers who seldom trade, or who adhere to the buy and hold strategy, are generally better served by paying separate commissions for their trades. The broker receives a service charge based on a percentage of the purchase or sale on every completed trade.

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