Anyone who wants to operate on the market by buying and selling assets must open a Comitting Account. When we open a Comitting Account, we are giving an authorization to a Commercial Bank, Agent and/or Fellowship to operate on the market on account and order of ours. We can say that it is the “place” where all transfers and/or deposits are made related to our investments.
To open a Comitting Account in a Commercial Bank, you must first have a Saving Box or a Current Account in that same bank. Maybe you're already bankrupting why this requirement has already fulfilled it. Your preferred database can open a Comitting Account by presenting certain personal data and completing a simple form. In many cases, this procedure can be done directly online on your bank's website. Because your Account is located in the same banking entity as your other accounts, you can easily make money transfers between them.
Opening a Comitting Account in a Fellowship is a process practically equal to opening it in a Bank with the exception that most likely, the Fellowship requires you to make a cash deposit in your new account to ensure that your transactions can be carried out without initial delay.
Once you open your Comitting Account, the Commercial Bank or the Stock Exchange Society, you will be able to carry out a large amount of operations including the purchase and sale of assets, competitions and general consultations on investments.
How much does it cost to keep a Comitting Account?
The Comitting Accounts may have different costs associated with openness and maintenance. Each entity decides which rates apply for each timetable. There are usually no expenses for opening a Comitting Account, but the Scholarships Companies will ask you to transfer some minimum amount together with the opening. It is not surprising that the maintenance of the account has a cost not included in the commissions that Banks and Scholarships Companies charge for each operation.The cost of an average operation each time you buy or sell some asset is measured as a percentage of the amount of money operated. This percentage, on average, is 0.6% for stock and 0.5% for bonds. To the resulting value of this operation, it is necessary to add VAT.
Some Banks and/or Fellowships offer advice and analytical reports as an additional service by the Open Comitant Account.
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