The expenses involved in a transaction in the stock market.

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Asimismo, hay que tener en cuenta que cuanto mayor be el monto invertido, a pesar del aumento de las comisiones, menor será su impacto en las cuentas finales de cada operación realizada. Por ello, es recomendable decantarse por alguna de las muchas ofertas que ofrecen los bancos e organizaciones financieras para operar en bolsa, que en algunos casos puede representar hasta un 5% o 15% de descuento. No olvides que algunos de ellos incorporate offers and promotions which can be very profitable for small and medium investors. With containment of expenses for its liquidation at the end of the year.

Expenses: in the purchase and sale

You should not forget that banks will charge you double commissions when buying and trading stocks. With a percentage that will certainly be very similar and where or there will be practically different. As long as this movement takes place under the same share package from they are uniform rates and that impact these two accounting movements. Regardless of the investment you have made at that precise moment. In this regard, it is an amount that you should know because it will be subtracted from your possible earnings in the equity markets. In other words, you will have to pay fixed commissions twice.

While on the other hand, you also have to take into account from now on that these commissions that the banks will apply to you are not deductible from the fiscal point of view. Quite the contrary, since they will be deducted directly from the charge made in the transaction on the stock market. By way of example, these commissions for a transaction to buy or sell shares for a value of 5,000 euros correspond to a total cost of around 10 or 15 euros for each of the movements made. In other words, for the sale, with which the total expense would be between 20 and 30 euros for the liquidation of the investment in the equity markets.

Buying and selling shares

In general, it should be noted that each entity applies its own intermediation margins. In this regard, for the operations of up to 2,000 euros it is close to 4 euros for each of the operations. While for operations over 2,000 euros and up to 60,000 euros, it would be around between 8 and 10 euros approximately. Finally, in the purchase and sale of shares on the Stock Market, it would rise to 0.08% on the invested cash, with a maximum amount of around 200 euros.

On the other hand, the modification and cancellation of orders has no commission. Meanwhile he stop order stop neither, even when the execution of the orders resulting from the activation of the orders is called a stop. The commission of financial entities, on the other hand, does not usually include shipping costs, which are estimated at an expense of 0.60 euros. Whatever the case, it is important to note that there may be significant differences from one entity to another and that it enables small and medium investors to contain this outlay that they must face in their equity investments.

Baggage fees

It is a new expense that involves this type of operation and that you will have no choice but to take charge of your investment approaches. In this regard, investors should be reminded that this is an applicable rate. from March 1, 2018 a acciones del índice Ibex 35 cuya capitalización flotante supere los 10.000 millones de euros. Bajo un precio superior al 0,003% del efectivo total negociado por pedido con un mínimo de 1 euro. Es una tarifa que se aplica al resto de acciones y operaciones, incluyendo los derechos de subscription de cualquier acción que cotice en el Mercado Continuo nacional.

While, on the other hand, the so-called Cadditional anons for different concepts. Where as of March 1, 2018, BME defines these stock exchange expenses that will be added to the previous ones, for the following concepts:

Orders executed at auction (apertura, volatilidad y / o cierre). Por un importe de 1 euro por cada pedido ejecutado por tipo de subasta, client final y fecha de contratación. Con una aplicación máxima de 3 euros, puesto que como límite en el mismo día solo se puede ejecutar una misma orden en tres tipos de subasta diferentes. Aún cuando hay que precisar que esta tarifa no se aplicará a pedidos relacionados con derechos de suscripción.

Hidden volume orders

Another of the commissions that have been installed in recent months is the one classified as hidden volume and which represents 0.01% of the total cash traded on the day per end customer, with a maximum per order of up to 15 euros for this accounting movement. While finally the orders with restrictions. In other words, with a minimum volume; execute and cancel; all or nothing. With a percentage of 0.02% on the total cash traded on the day per end customer, with a minimum per order of 0.5 euros and a maximum per order of 1 euro.

These commissions are constituted in the great unknown for a good part of the small and medium investors. Among other reasons, because they are not always applied and at the same time their amounts are not really very high. Otherwise, on the contrary, they can be taken over in each of the stock transactions in the national securities markets. Whatever the case, it must not be forgotten that these are recently implemented tariffs and that in a way they represent a great novelty for small and medium investors.

BME compensation fee

This fee is a fixed amount per execution (an order can involve several executions), having different tranches depending on the total monthly volume of transactions that the client's clearing member has. It is a minimum amount that varies between 0.05 and 0.12 euros based on the volume of monthly transactions. In any case, for this rate, the subscription rights operations will have a special treatment, so that in each order of rights only the first 25 executions are computed, the rest of the executions of that order being exempt from this rate.

Another of the stock commissions that may apply to you is the Iberclear settlement commission. Even though a good part of the banking entities they do not transmit it to the end customer. Como resultado de esta strategy comercial, no lo notará en el saldo de su cuenta de ahorros. Otro es el total y que se liquidará como consecuencia de sumar todas las regalías anteriores. A pesar de todo, todas estas tasas deben categorizarse como tasas minoritarias debido a que rara vez se aplican a los usuarios de la bolsa de valores.

Commissions for non-Internet channels

In summary, we cannot forget that there are also fees that apply for the use of other marketing channels. other than internet. Well, one of the most common cases among investors is the telephone banking service. For these operations a small fee of 0.30% in cash has been enabled, with a minimum that ranges between 10 and 15 euros for each of the operations. While on the other hand, if the operations are carried out through the branch network, the rate is 0.60% of the total cash of the operation, with a minimum of 15 euros per movement.

For orders in circles and also for orders in the Alternative Securities Market (MAB), the commissions that banks usually apply represent approximately 0.30% of the cash value, with a minimum of between 11 and 15 euros. On the contrary, for orders in company securities and REITs listed on the MAB, the commission will be very equivalent to that of orders executed on the Continuous Market. Another is the total and that will be settled as a result of adding all the previous royalties. Regardless, all of these rates should be categorized as minority rates because they are rarely applied to users of the stock market.