Does the broker’s daily turnover fee include only purchases for the day or all funds in the account



The author posted a question in Business, Finance

Does the broker's daily turnover fee include only purchases for the day or all funds in the account? and got a better answer

Response from Антон Владимирович[+++++]
Only BUYING AND SELLING in a day For example, you have $10000 in your account. You bought something in a day for $800 and sold something in the same day for $500. Will the brokerage commission come out of your $1300 account?

Response from 0[+++++]
Only BUYING AND SELLING in a day For example, you have $10000 in your account. You bought something during the day for $800 and sold something during the same day for $500. The broker's commission would be $1300.

 

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