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Anonymous
If I sell off my odd lots now, 'normal' online brokerage commission rates will be charged. The rates stated on the website is 0.12% of contract value and must be a minimum $10 for prefunded account.
I have a few queries on this:
1) Is the contract value the same as the market price of the shares upon selling?
2) If the 0.12% of the contract value is lesser than $10 I will still be charged $10 right?
3) I will be charged separately for selling off odd lots from different counters right?
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Jonathan Chia Guangrong
28 Jul 2019
SOC at Local FI
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Selling away odd lots need to be done through your broker hence its a minimum 40 dollar commission charge. 1. Contract value = value of your transaction. 2. Minimum is still 10 bucks ++. 3. Separate charges for each transaction. Even if you buy and sell from the same counter, it's considered to be 2 transactions.