What is Brokerage? Explanation and Price List
With Quartal, you trade stocks at one of the market’s lowest brokerage rates, starting from just 1 SEK. This guide explains what brokerage is and details our pricing structure for various markets.
Investments involve risk.
How Our Brokerage Works
Brokerage is the commission fee you pay when buying or selling stocks. While some banks divide their brokerage fees into complex tiers based on the order size, we keep it simple.
Quartal charges a flat variable brokerage of 0.09% on the value of your stock order, regardless of size. The only difference is the minimum brokerage required per order, which varies depending on the market you are trading in.
Price List for Stock Trading
The following pricing applies when you trade online via the internet bank, mobile app, Securities Service Custody, or Future Capital.
| Market / Exchange | Brokerage Rate | Minimum Fee | Maximum Fee |
|---|---|---|---|
| Nasdaq OMX Nordic, Oslo, First North | 0.09% | 1 SEK | None |
| NGM, NGM MTF, Spotlight | 0.09% | 19 SEK | None |
| International (UK, US, Canada, EU) | 0.09% | 29 SEK | None |
Note: Stamp duty or Financial Transaction Tax (FTT) applies automatically when buying stocks in the United Kingdom, Italy, Spain, and France.
Frequently Asked Questions About Brokerage
Do you offer fixed brokerage?
No. Fixed brokerage means paying the same flat fee whether you trade for 1,000 SEK or 100,000 SEK. We use a strictly variable brokerage of 0.09%. If you trade for 10,000 SEK, the brokerage is 9 SEK. If you trade for 100,000 SEK, it is 90 SEK.
What are brokerage classes?
Many banks use brokerage classes (tiers) to determine your fee based on your monthly trading volume or account balance. Quartal does not use classes. Everyone pays the exact same straightforward 0.09% rate.
Do I pay brokerage on mutual funds?
No. Brokerage is only charged when you buy and sell individual stocks or ETFs on the exchange. When you invest in a standard mutual fund, the fund manager pays the brokerage for the underlying stock trades, which is already included in the fund’s management fee.
When is the brokerage deducted?
When you buy stocks, the brokerage fee is added to your total purchase amount and deducted from your settlement account two banking days after the order is executed. When you sell stocks, the brokerage is deducted from your proceeds before the money hits your account.
