Hello,
The commission earned by broker employees varies quite a bit based
on the type of services provided by the brokerage. There are two
general categories of brokerages: full-service and discount.
Full-service brokers offer investment advice, helping the customer
figure out what to trade and when. They also provide a host of
other services (see the article listed below for more details).
These full-service brokers can charge $100+ per trade.
Discount brokers offer fewer services. Depending on the amount of
support provided, prices range from $5 to $30 per trade. Note,
however, that the brokers are actually paid salary, not
commission.
Investopedia.com has an excellent article on the subject, and was
the source of the above information. Here is the link to the
article:
http://www.investopedia.com/university/broker/
In particular, check out the page on the costs involved in hiring
a broker:
http://www.investopedia.com/university/broker/broker1.asp
And also the page on types of brokers:
http://www.investopedia.com/university/broker/broker2.asp
Additional Links:
Investopedia.com -- The Investing Education Site
http://www.investopedia.com/default.asp
The Open Directory has a list of brokerage firms including
full-service, discount, and online.
http://dmoz.org/Business/Investing/Brokerages/
Search Strategy:
Google search: "stock broker" commission
://www.google.com/search?hl=en&lr=&ie=ISO-8859-1&q=%22stock+broker%22+commission&btnG=Google+Search
Dmoz.org search: stock broker
http://search.dmoz.org/cgi-bin/search?search=stock+broker
I hope you find this information useful,
bikerman-ga |