Stock trading is becoming more and more popular in Vietnam, compare stock trading fees is considered an important factor that many investors have not paid attention to.
What are the transaction fees of securities companies?
Securities transaction fee is the cost that investors need to pay to the securities company every time they successfully buy or sell securities through that company. Normally, investors will make compare stock trading fees How much this fee will be determined will depend on how much the transaction is worth, with larger transactions typically having lower fees, especially for loyal customers or those with a long-standing relationship with the company.
Job Compare brokerage firm transaction fees Different types of fees will help investors maximize profits and minimize transaction costs. This article will delve into the types of transaction fees, evaluate the fees of leading securities companies in Vietnam and find the company with the most reasonable fees.
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Outside Securities company transaction fees, investors when trading securities also have to pay a number of other fees, including account opening fees, trading platform usage fees, securities custody fees, securities advance fees, off-exchange transaction fees, and SMS service fees. These costs need to be carefully calculated to ensure that they do not affect the total profits of the transactions.
Why look for the cheapest stock trading fees?
Cost comparison cheapest stock trading fees between companies will have a positive impact on the overall investor's returns. Trading fees can vary significantly between companies, with some companies offering low fees, while others may have free trading programs for small trades or during promotions.
If you are an investor who trades frequently, high fees can negatively impact your returns. Conversely, choosing a brokerage firm with low or even no trading fees can significantly reduce costs in the long run.
Compare securities transaction fees of popular securities companies today
An important factor in assessing the reputation of a securities company is the market share it holds in the market. Companies with large market shares often attract more trust from customers. Below are the transaction fees of the top 10 securities companies in Vietnam:
TCBS securities transaction fee: 0.1% transaction value.
VPS securities transaction fee: 0.2% transaction value.
SSI securities transaction fee: 0.05% – 0.1% transaction value.
VNDirect securities transaction fee: From 0.15% – 0.35% transaction value.
VCBS securities transaction fee: From 0.18% – 0.2% transaction value.
FPTS securities transaction fee: From 0.06% – 0.15% transaction value.
MBS securities transaction fee: From 0.12% – 0.3% transaction value.
HSC securities transaction fee: 0.2% transaction value.
BSC securities transaction fee: From 0.15% – 0.18% transaction value.
VCSC securities transaction fee: From 0.15% – 0.35% transaction value.
Thus, VPS is currently offering the cheapest transaction fee, from only 0.1% for online transactions, this is an attractive choice for investors who want to save maximum transaction costs.
Which companies have free stock trading?
If you are looking for brokerage firms that offer no-fee trading, here are some firms that offer free incentive programs:
VPS Securities Company: VPS stands out with its free online stock trading policy, being one of the first companies in Vietnam to implement this policy to attract investors. However, the custody fee is still applied, at a rate of 0.27 VND/share/month.
TCBS Securities Company (Techcom Securities): TCBS provides the program free stock trading basis for some accounts or during special promotions. However, other fees such as custody fees and derivatives trading fees still apply.
Mirae Asset Securities: Mirae Asset offers a free transaction policy for the first 3-6 months for new investors. After the promotional period, regular transaction fees will apply.
FPTS Securities Company: FPTS occasionally launches a free transaction program for investors opening new accounts or during promotional periods, however, it is necessary to check the specific conditions regarding time and account type.
Important Notes When Participating in the Free Trading Program:
Although some brokerage firms offer free online trading, investors should be aware that other fees such as custody fees, margin trading fees, or securities advance fees may apply. In addition, fee-free policies usually only apply to online trading, while call center or over-the-counter trading may incur fees. These programs may also have a limited time limit or apply only to certain types of accounts, so investors should read the terms carefully when opening an account.
How to optimize stock trading costs
When investing in stocks, many investors often focus on minimizing transaction costs. One of the popular ways is to choose securities companies with the lowest fees. However, in addition to this factor, there are many other methods to help optimize transaction costs effectively.
Take advantage of promotions from securities companies
Many brokerage firms regularly offer incentives to new investors, such as free trading for a certain period of time when opening an account. This is an opportunity for you to save a significant amount of money, especially if you are new to the market.
What are the preferential service packages?
In addition to choosing a brokerage firm with low transaction fees, investors can look into special service packages offered by the firms. These packages often come with preferential transaction fees for investors with high transaction volumes. Trading with high volumes not only reduces costs but can also optimize profits in the long run.
What are the benefits of online trading platforms?
Trading stocks through online platforms often saves you transaction costs compared to trading directly at the counter. Transaction fees through online platforms are often cheaper, and it also makes it easier for you to monitor the market and make transactions anytime, anywhere.
However, transaction costs are not the only and decisive factor in choosing a company to open a securities account for investors. The ultimate goal of participating in securities investment is still the ability to bring profits, so investors need to carefully consider other important factors such as:
Quality of service provided consulting and support
A reputable securities company always focuses on providing quality services and dedicated support to customers. When choosing a company, investors should pay attention to the professionalism and experience of the consulting team, especially the ability to provide quick and accurate support throughout the transaction process.
Choose large securities companies to minimize risks.
With more than 100 securities companies today, investors should prioritize choosing large, reputable companies in the industry. This not only helps ensure safety but also avoids risks in case the company encounters financial difficulties. Choosing a large-scale company also helps investors feel more secure about their ability to protect their assets.
Comparing fees between brokerage firms is a necessary step to optimize the profits from your investments. However, transaction fees are only one part of the decision to choose a firm. Factors such as service quality, company reputation, and consulting support play an equally important role in making the final decision.
Conclude
Although transaction fees are an important factor, when choosing a brokerage firm, investors should compare stock trading fees to help optimize investment costs. The ultimate goal of investing in securities is to achieve sustainable profits, so other factors are also very important and need to be carefully considered. When choosing a securities company, investors should not only focus on transaction fees but also consider other factors such as customer service, the company's reputation and the level of consulting support. These are important factors that HVA Group Sharing will help you achieve success in the volatile stock market.
