Chapter
Fees decoded
- Commission: a charge per trade or per month.
- Spread: the gap between the buying and selling price.
- Currency conversion: the rate your broker applies when you move shekels into another currency can differ from the market rate.
- Fund fees: an annual management fee taken inside the fund.
- Custody or account fees: for holding your assets.
A 1% annual difference compounds over decades into a visibly smaller pot, so compare total cost for your own pattern of investing.