First of all, let's understand the charging standard of A-share brokerage commission. According to the securities law, the brokerage commission shall not exceed 0.3%, that is to say, it shall not exceed three thousandths at most. It is illegal to charge more than this commission rate.
Since there is a maximum commission, there is naturally a minimum commission. According to the Securities Law, if the minimum consumption of brokerage commission is insufficient, it will be charged according to 5 yuan. The minimum commission is calculated according to a single transaction, and the brokerage commission will be recalculated for each transaction. It must be made clear that it is illegal to commission less than 5 yuan.
With the brokerage commission war, major brokers are constantly reducing their commissions. At present, the normal brokerage commission range of brokers is between 0.0 1%-0.03, and the brokerage commissions of different brokers in different securities accounts are also different.
However, in order to retain brokerage customers, compete for market customer resources and break the minimum commission consumption, some brokers implement the commission of "five exemptions". Perhaps this is the lowest commission consumption of brokers at present, which is most beneficial to small retail investors. Stock trading can save a little commission.
take for example
Zhang San has 30 thousand principal in the stock market, and Zhang San's securities account enjoys a "one thousand exemption" commission. How much commission does Zhang San need to buy and sell stocks at a time?
Actual commission = 30,000 yuan *0.0 1%=3 yuan, that is to say, 30,000 yuan is used to buy a stock in the warehouse and only paid to 3 yuan, and only 6 yuan is needed for a transaction, because it has exceeded the minimum consumption in 5 yuan.
On the other hand, if Zhang San's securities account is not a "1000-five-free" commission, Zhang San will buy Man Cang for 30,000 yuan, and the commission for a sale will be 10 yuan; However, Zhang San's securities account is a "five exemptions and one case" commission, and 30,000 yuan can save 4 yuan commission. For Zhang San, the cost of stock trading has saved 4 yuan.
Therefore, it is a good thing for small retail investors to get the "five exemptions" commission, but it needs to be clear that the five exemptions are already in a state of violation. It is suggested that retail investors should not blindly pursue accounts with low commission, but mainly make money by stock trading. As long as the stock market can make a profit, it is king. It is normal to earn a brokerage commission.