The average order fees at the relevant online brokers in German-speaking countries rose by 1.85 points compared with September. At currently 71.32 points, the transaction cost index in October 2010 reached its highest level since June 2008. The lowest level in its history was reached in August 2008 with 69.02 points.<\/p>\n
The reason for the increased transaction cost index is the introduction of a commission scale in the brokerage offering of the TARGOBANK<\/a> as well as a trading venue fee for the Xetra<\/a>-trade at the ING-DiBa<\/a>.<\/p>\n Whereas previously all online transactions at TARGOBANK could be made at a fixed price of EUR 9.99, there is now a Order commission<\/a> of 0.25 percent of the order volume, with a minimum of 8.90 euros. The maximum commission is 34.90 euros.<\/p>\n As the Swedish online broker Northnet<\/a> the German business to the OnVista Bank<\/a> sold and is expected to withdraw from the German market as of November 2, the transaction cost index is expected to rise again.<\/p>\n A detailed overview and an independent Comparison of online brokers<\/a> for people interested in finance is available free of charge at www.broker-test.de. Here you will find the Transaction Cost Calculator<\/a> a tool that allows investors to calculate and compare the cost of a stock purchase in advance.<\/p>\n About the Transaction Cost Index<\/strong><\/p>\n The Broker-Test.de Transaction Cost Index represents the ongoing development of average transaction costs since July 2000 on a monthly basis. The starting point is July 2000 with an index value of 100. The transaction cost index includes the transaction costs incurred for ten different order volumes with the online brokers relevant in Germany. Thus, it also includes fluctuations due to the market entry of new brokers or the market exit of brokers.<\/p>\n The transaction cost index is updated at the beginning of each month at:
\nwww.broker-test.de\/transaktionskosten-index\/tools<\/a><\/p>\n