Stake going to increase the fee??
So I just received an email from Stake, my current broker. Its saying they are going to increase the fee to $3 per trade up to 30k?? I got suckered in before by the slick marketing but I found out that I'm paying0.5% each time I convert my currency to buy US stocks.
Got to say it's really a bad news for users like me. High fees charged by brokers not only reduced returns, but also like limitations on trading. That makes it difficult for us to execute trades frequently.
Any thoughts on this? Feel like moomoo is a little better.
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Kevvinn : I can't keep up with all these fee increases, it's ridiculous.
obsidianstar : It's understandable to be angry about the fee increase, but it's important to evaluate the overall value of the services provided by the broker.
Adelaidee : Stake should hire Philip Lowe as their spokesperson! Birds of the same feather bah
Ahh_gee_Joey : I share your frustration with the fee increase, but it's important to remember that brokers need to cover their costs.
Bonnyyy : It's always frustrating to see fees go up, but it's important to remember that investing requires a long-term prospective.
4Gc2ZDvPle : I sympathize with your frustration, but fees are a part of the cost of doing business.
mrminivee : Brokers should provide a breakdown of where these fees are going.
drfrogsplat : Investors deserve better than being hit with unexpected fees.
The Chaser : I'm considering switching brokers if this fee increase isn't addressed.
CyberMongrel : It's time for brokers to prioritize their clients' interests over their own profits.
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