do you know what the "service shares" is?
glossary FAQ: glossary.
Chance C. From Cambridge, United States
02 March, 2009
Mutual fund units that charge service fees to their shareholders. The purpose of these fees is to compensate individuals who answer investor inquiries and provide information to the public or to investors about the fund. FINRA (formerly the NASD) limits funds from charging service fees in excess of 0.25% of their average net assets per year.
Some mutual funds charge investors front-end or back-end loads. Others charge service fees to cover internal expenses for people that answer shareholder questions and inquiries. Because these fees occur consistently year after year, they can have a significant adverse impact on returns over time. Visit retailfx.com
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- DbFX:
- A as yet rather unheard of internet foreign currency exchange facilitator established on 1870, dbFX is headquartered at Mail Stop NYC60-0510, 60 Wall Street, New York, NY 10005. DbFX is regulated by FSA(UK). After an ordinary start a few years back, it is gradually emerging as one of the outstanding ECN foreign currency exchange trading platforms around.
- Specs:
- DbFX has customer support and 24 hour trading. Truthfully, this platform's not really about innovating, but instead, it uses the more traditional technology of it's predecessors. It is nothing to do with right or wrong, it's more an issue of aesthetics. Whatever your preference English or Arabic (or any other of a long list of other languages), dbFX sports crisp and efficient money making through its multilingual interface. DbFX sports a specially designed beginner oriented platform. You should also know, that if you hold the outlook that less is more - you are wrong.
- Ups:
- - Solid Regulation - Round the Clock Service - Nice Interface - Beginner Friendly
- Downs:
- - High Minimum Deposit - Confusing Options
- The Short Version:
- A accessorized yet often knotty system.
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