Click Trade is one of the most used online brokers in Spain and one of the most recommended in specialized blogs and forums. In this article we will analyze the fees and commissions of the Click Trade broker to operate on the main exchanges in the world.
About Click Trade
Click Trade is the online broker of Auriga Global Investors SV. It is an independent securities company based in Spain with offices in Madrid, Barcelona and New York. The company is registered with the CNMV and is a member of the Investor Guarantee Fund.
The purchase and sale commissions in Click Trade
In the following tables you can see the Click Trade broker commissions for operations of different amounts.
Purchase and sale commission in the Spanish market
Click Trade buying and selling commissions for the Spanish market
Sales commission in the European market
Click Trade buying and selling commissions for the European market
Sales commission in the British market *
Click Trade buying and selling commissions for the UK market
* Using an exchange rate of € 1,15 per pound
Sales commission in the American market ** ***
Click Trade buying and selling commissions for the American market
** Using an exchange rate of $ 1,30 per €
*** The higher commission between this and $ 0,02 for each share.
Chart of Click Trade commissions for purchase and sale operations
Click Trade buying and selling commissions
Keep in mind that although Click Trade's buying and selling commissions may seem very low in theory, in practice they are not so low. This is due to the minimum commission, which makes the actual commission higher in most cases than the theoretical application of the percentage.
In operations of less than € 10.000, the effective commission is always higher than the theoretical commission. For example, when buying shares in the Spanish market worth € 1.000, we have to pay a purchase commission of € 8, which represents 0,8% of the operation, which is 10 times higher than the theoretical commission of 0,08 , XNUMX%.
Other Click Trade commissions
Click Trade differs from most of the brokers in Spain in that it does not charge maintenance commission or custody, it does not even put some kind of condition not to charge it as does the Bróker Naranja de ING Direct. You just don't charge, and this act of common sense is appreciated.
Click Trade also does not charge the following commissions:
- Transfer of titles
- Bag canon
- Dividend collection
Among the other commissions, the most prominent is the currency exchange fee of 0,5%. I have to admit that I do not know the average of the sector in this type of commissions, although in principle it seems somewhat excessive. In the following table we can see the amount for the currency exchange:
Click Trade currency exchange fee
If you do not know what any of these commissions consists of, I recommend you go through the article that I published recently about types of stock commissions.
Final conclusion on Click Trade broker
The Click Trade online broker seems very interesting to me. In fact, I am not ruling out switching from my current broker (ING Direct's Orange Broker) to this broker in the coming weeks. Of course, its commissions could be somewhat more competitive by reducing the minimum commission per operation and the commission for currency exchange. However, first I will analyze some more broker to be able to choose the one that minimizes the transaction costsin my investment portfolio.
Links of interest