(12) Ask Free Brokerage As Reimbursement From Brokerage Firm
It is one of the rarest tricks to trade stocks by paying no or little brokerage fees. Every stock broker wants to lead the other brokers in terms of its products & services. But, mistakes do happen from time-to-time.
These mistakes can occur either intentionally or unintentionally. If your stock broker makes a mistake that prevented you from trading, ask for free trades as compensation.
Additionally, if their service is down due to any reason then also you can ask for compensation. If you are a wise trader then your alertness at the right moment can save some money on brokerage amount.
Finally, you should never hesitate to ask for compensation for reporting their errors on time.
(13) Pay No Brokerage Commission To Trade Physical Share Certificates
It is one of the most wonderful tricks to trade stocks without any need to pay broker’s commission. Share Certificate, also known as Stock Certificate or Certificate of Stock, is a written document or certificate issued by an underlying company.
It certifies that a certain investor is the registered owner of shares in the company on the date the certificate is issued. A typical share certificate is found to contain name & address of the shareholder, total number of shares held, class of shares as well as amount paid on those shares.
Generally, the company must issue share certificate to each shareholder free of charge. Investors can trade physical share certificates between one another without paying broker’s commission.
However, every stock broker doesn’t offer trading in such certificates. Therefore, you need to verify whether your broker allows trading in physical certificates or not.
Some of the brokers that offer certificated trading include The Share Centre, Halifax, Barclays and Lloyds.
However, stock exchange regulators are continuously working to minimize the trading of physical share certificates. They propose “dematerialization” of shareholdings of investors in electronic form.
For example, EU is planning to make all existing shares paperless by 2020. Thus, you can trade share certificates at no brokerage cost until they are available for legal trading.
- Trading Tricks At Reduced Brokerage: Shutterstock