What is the typical trading fee for closing a trade?

• A. Typically around $1 for each trade.
• B. Typically around $5 for each trade.
• C. Typically around $10 for each trade.
• D. Typically around $20 for each trade.

Answer: (B)

Trading fees for a trade are usually a flat per-trade commission, not a percentage of the position. When you close a trade, you’re submitting a closing order and typically pay the same kind of fixed fee as you did when you opened. A common figure for many retail brokers is around five dollars per trade, so closing a trade often costs about five dollars.

This reflects the idea that the broker is charging for handling the order rather than scaling with trade size. While some brokers now offer lower or zero-commission stock trades, five dollars is a standard reference for the typical closing-leg cost in many traditional setups. The smaller dollar amount (around one dollar) is less common for standard commissions, while much larger amounts (ten or twenty dollars) are outside the usual range for a single closing order.