There is no doubt that every transaction on the stock market involves fixed costs, like a banking operation that it really is. Because in effect, when quantifying the possible profits of each stock exchange, it is not only necessary to look for the difference between the purchase price and the sale price. If not, on the contrary, we must also add commission rates that each stock exchange has. As well as those of custody and, of course, the amount that is allocated to fiscal taxation, which is 18%.
Added all of them -which represent between 0.50% and 1.50 % of the invested capital- it will be possible to detect the true profitability of the investment, which in cases where capital gains are minimal, may not even amortize the effect of commissions and taxes. This should be a trade that all retailers must go through before choosing to market or expect higher profits. On the contrary, when the capital gains generated are greater, the less will be the impact of these amounts.
Likewise, it must be taken into account that the higher the amount invested, despite the increase in commissions, the less will be its impact on the final accounts of each operation carried out. For this reason, it is advisable to opt for one of the many offers offered by banks and financial organizations to operate on the stock market, which in some cases can represent up to a 5% or 15% discount. Don't forget that some of them 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 to shares of the Ibex 35 index whose floating capitalization exceeds 10,000 million euros. Under a price higher than 0.003% of the total cash negotiated per order with a minimum of 1 euro. It is a rate that is applied to the rest of the shares and operations, including the subscription rights of any share that is listed on the national Continuous Market.
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 (opening, volatility and / or closing). For an amount of 1 euro for each order executed by type of auction, end customer and contract date. With a maximum application of 3 euros, since as a limit on the same day, only the same order can be executed in three different types of auction. Even though it must be specified that this rate will not be applied to orders related to subscription rights.
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. As a result of this business strategy, you will not notice it in your savings account balance. 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.
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.
