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What Percentage Do You Pay As Commission For Every Buy and Sell Deals on NSE?

I opened an acct with a broker and paid N50,000 for stocks purchase, i was bought stocks worth N42,950

from d Alert i got from NSE-CSCS. Does anyone know how much i ought to pay as total commission to buy stocks of that value? again, what is the total percentage charged for buy deals and that of sell deals?

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11 answers

For me they charge 3% when am buying and the same when am selling.As for the poster you need to ask your broker how much they're charging you and sometimes when you order for a stock,take for example like today,the price must have changed as at when it's been bought most especially when you don't buy it the same day you signed the mandate.

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HI NAIRALANDER,

I NEED INFO ON 1ST BANK SHARE, ARE THEY DECLARING DIVIDEND AND WHEN?, ANY BONUS ISSUE & @ WHAT RATE? WHEN ARE THEY CLOSING THEIR BOOK FOR LAST YEAR AUDITED ACCOUNTS?

UR RESPONSE WILL BE HIGLY APPRECIATED PLEASE!!!

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let me add that the percentage is of what they buy for you or sell for you. pls always requet for your contract note after every transaction. thanks

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this is the charge structure for all brokers in nigeria for every standard buy and sell transaction

BUY SIDE SELL SIDE

SEC FEE = 0.30% NSE FEE= 0.25%

COMMISSION =1.35% COMMISSION =1.35%

STAMP DUTY=0.075% STAMP DUTY=0.075%

CSCS TRADE ALERT=0.06% CSCS TRADE ALERT=0.06%

CSCS TRnsaction fee=0.3%

TOTAL=1.785% TOTAL=2.035%

this is max any broker will charge you for a stardard service of buy and sell. anything above is is fraud

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total charged for a buy order executed is 2.36% while that of a sell order is 2.63. totaling 4.99. this charges have been reviwed downward but are yet to reflect on the new transactions as brokers are still negotiating with the NSE and SEC. ask your broker for what is called an in-house account statement. its usually printed on demand

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@freshmoney, u can contact KAPITAL CARE AND TRUST SECURITIES, call daniel on 08033771392

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Detopshot can you kindly link me up with your broker. I need a broker urgently. Thanks

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Find out details from your broker it is either you have some money left in your account or the shares were bought at higher prices than what you are using to calculate now, you know the bears are back now, just ask for transaction details. It is about 2.5% buying and 2.6% seliing all charges inclusive, so you have to buy and sell the same stock to get charged +- 5%

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the 5% is the commission charged for buying and selling

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Ask your stockbroker to give you the details of the transaction

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the total % should be a maximum of 5%, so u shouldn't be charged more than 2500,

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