urstill1 wrote:Can one instruct their broker on the minimum amount that can be transacted in their account in a single transaction/trade? This mainly to control the transaction charges! Some brokers have gone rogue and execute trades that result upto 15% fee. Case in point is selling of 100 Mumias sugar shares despite ordering a sale of thousands of them.
Kindly assist on how I should go about this.
Transaction fees are a percentage and whether charged on 1000s of shares or 100s, there should be no difference.
The only unavoidable 'extra' cost is the stamp duty which is charged per transaction (Its not a % but its minimal).
* Transaction above Ksh. 100,000.00 are charged 1.8% of buying / selling price.
* Transactions below Ksh. 100,000.00 are charged 2.1% of the buying / selling price.
INSIST ON NOT BEING ROBBED! Demand refunds. Pesa Nane plans to be shilingi when he grows up.