E.g. Buy 1000 units each time, 5 times a day @RM0.80, 0.90, 1.00, 1.10, 1.20
Average Buy Price = ( 0.8 + 0.9 + 1.0 + 1.1 + 1.2 ) / 5 = RM1.00
Total units bought = 5x1000 = 5000 units
Brokerage: RM21
Contract Stamp: RM5
Clearing Fee: RM1.50
Total Commission: RM27.50
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If you do the same as above, but in 5 separate days, the commission will be:
(RM)
13.24
13.27
13.30
14.33
14.36
Total Comm: RM68.50
LYN stock market FAQs & Guide, T+3, Dividends, commissions/fees, etc...