Further increase in transaction costs

With a level of 72.39 points (December 2010: 72.23 points), the Transaction Cost Index with a slight increase in the new year. The reason for this is the already announced change in conditions at SEBdirect.

Larger order volumes have become more expensive. Instead of 24.99 euros, you now pay 30.00 euros for a 10,000 euro order, and for an order volume of 15,000 euros, you now pay 45.00 euros instead of 32.49 euros. However, the change also brings some advantages. Especially small order volumes have become cheaper. For example, for a 5,000 euro order you now only pay 15.00 euros instead of 17.49 euros. In addition, the maximum order fee has been capped at 59.90 euros.

But not only the pure order fees have an impact on the total cost of a transaction. Decisive are also how the respective broker deals with partial executions or at which price, for example, your stock trade is executed. Thus, it is also worth taking a look at the services of the stock exchanges.

Whether for shares, bonds, funds or derivatives - there is a specialized stock exchange in Germany for almost every area. And by choosing the right exchange, you can also save costs. You can achieve cost advantages through high liquidity, avoid partial executions from the outset, or take advantage of the best-price principle. You can find more information on the topic of stock exchanges in our Stock Exchange Special.

About the Transaction Cost Index

The Broker-Test.de Transaction Cost Index represents the ongoing development of average transaction costs since July 2000 on a monthly basis. The starting point is July 2000 with an index value of 100. The transaction cost index includes the transaction costs incurred for ten different order volumes with the online brokers relevant in Germany. Thus, it also includes fluctuations due to the market entry of new brokers or the market exit of brokers.

The transaction cost index is updated at the beginning of each month at:
www.broker-test.de/transaktionskosten-index/tools

You can find the transaction cost calculator at:
www.broker-test.de/transaktionskosten-rechner/tools

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