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Stock broker – no fees!

Overview

Most stock brokers charge high levels of commission and charge for individual trades.This puts off people who have moderate incomes to invest say £500 as they will end up paying probably £100 in fees and thus even if they invest well probably won’t make a profit. I could create a site that charged no commission. I would run the site by charging a one of £10 startup fee and then have lots of ads. Could this work?

Created 12/30/2013 at 09:05 PM by liz in Bookkeeping

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Comments (3)

You won’t make enough. people just need to accept that there are no quick ways to make cash so if you only have £200 and can’t afford the commission, don’t trade on the stock market.

00 - Report abuse   December 31, 2013 at 1:34 pm by Purdeyent

If you find any more income streams your idea certainly has a market but atm I don’t think you would make enough.

00 - Report abuse   January 1, 2014 at 9:36 pm by Tomas Beaumont

Intresting idea, would you raise the money using kickstarter?

00 - Report abuse   January 3, 2014 at 10:19 am by deanmorgan

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