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Selling stocks at EasyEquities

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Krisztián G.
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Is it easy to sell stocks at EasyEquities as of June 2024?

Ready to cash in on your stocks? When selling shares, it helps to have a good sense of what the steps of the process are and what to pay attention to, such as trading fees and order types.

No need to worry: you can always sell your stocks easily at any trustworthy broker, including EasyEquities, where trading fees are low. We'll take you through the main steps below.

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Selling stocks at online brokers is easy and straightforward
Krisztián
Krisztián Gátonyi
Forex • Market Analysis • Stock Market

Drawing from my hands-on experience with numerous global brokers, including the actual buying and selling of many stocks, I've gained valuable insights into the nuances of stock transactions. Here are my essential findings on selling stocks at EasyEquities:

  • You can sell stocks in a few simple steps, but there are some things to watch out for.
  • Selling a stock may carry a fee: EasyEquities has low stock trading fees.
  • Explore the best discount brokers to find providers with the most attractive trading fees.
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How to sell stocks at EasyEquities

Whether you're a long or short-term investor, there comes a time when you need to sell a stock, either because you think the price is headed in the wrong direction, or you simply need some cash. The good news is that it's fairly easy to sell any stock at any time, regardless of whether you bought it long ago or just earlier in the day.

Here are the steps for selling stocks at an online broker like EasyEquities:

  1. Log into your account using your credentials.
  2. Go to your trading platform or portfolio page.
  3. Select the stock you wish to sell. Either type its name in the platform or select it from your account.
  4. Click on the appropriate button, usually called 'Sell' or 'Trade'.
  5. Provide the details of your order: how many shares you want to sell, the order type and the order duration.
  6. Review and confirm the details of your order.
  7. Finalize your sale by pressing the 'Sell/Trade' button to execute your order. Make sure you check the acknowledgement message to verify that the trade went through.

What else to know when selling stocks:

  • Market hours: Sales only execute when the stock exchange is open, although at some brokers you can sell stocks even when markets are closed (extended hours trading).

  • Liquidity: In order to sell a stock, there need to be enough buyers for that stock, at the price you want to sell.
  • Settlement: it usually takes 2 business days to settle sales before you can withdraw the funds.

  • Withdrawal: it may take a few days for the money you withdrew to appear in your bank account; fees may apply. More on this below.

  • Taxes: Don't forget that in most countries, profits made on the buying-selling of stocks are taxable. Check local regulations for details.

  • Short selling: this is a special type of stock sale, when you sell borrowed stocks that you don't own.

EasyEquities stock trading fees are low

When selling a stock, your broker may charge you a trading fee, called a commission. This fee is generally deducted from the sale, so the net amount (the sale proceeds minus fees) will be credited to your brokerage account balance. The fee is usually the same amount you paid for buying the stock.

Stock trading fees at EasyEquities are as follows:

EasyEquities stock trading fees
💰 EasyEquities US stock commission 0.25% per transaction
💰 EasyEquities UK stock commission Not available
💰 EasyEquities German stock commission Not available

Data updated on June 17, 2024

Let's see what selling a stock, and related fees, would look like in real life!

Mary bought 10 Apple shares for $150 each, for a total of $1,500. Now she wants to sell 5 shares at a price of $180 per share. The broker charges a commission of 0.2% on the trade, with a $1 minimum. The capital gains tax in her country is 10%.

  • She has to log in to her brokerage account, and find her Apple shares in her portfolio.

  • Next, after clicking on 'Sell' she has to give the details of the order.

  • She enters that she wants to sell 5 shares, and sets a limit price of $180.
  • After reviewing her order to make sure everything is as she planned, she clicks on 'Place Order' to finalize the trade.

  • Depending on the broker's platform, she may have already seen, or will see at some point, the fees associated with the trade.
  • Let's calculate her commissions! The value of her trade is 5 x $180=$900. The commission is 0.2% x $900=$1.8, so it is higher than the $1 minimum.

  • This means a $1.8 fee will be deducted from the $900 sale, and $898.2 will be credited to her account.
  • What about taxes? She bought these shares for 5 x $150=$750, and sold them for $900, for a profit of $150. However, fees are deducted from this: the fee on the buy side was 0.2% x $750=$1.5, and $1.8 on the sell side, for total fees of $3.3. So altogether her net profit is $150-$3.3=$146.7. As a result she will have to pay a 10% x $146.7=$14.7 tax on this trade. This is not deducted by the broker; she will have to declare and pay it in her annual tax return.

EasyEquities withdrawal fees and options

If you sold your stocks with the intention of withdrawing your money afterwards, withdrawal fees, time and options are an important consideration. Here are the relevant details for EasyEquities:

EasyEquities withdrawal fees, time and options
Withdrawal fee Free withdrawal
Withdrawal time 2 days
Bank transfer withdrawal Yes
Credit/debit card withdrawal Yes
Electronic wallet withdrawal No

Data updated on June 17, 2024

Find the best brokers with the most affordable fees

Looking for a reliable and excellent broker with the best possible fees for buying and selling stocks?

Check our toplist of the best discount brokers to find brokers with the most attractive fee terms.

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Further reading

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

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Krisztián Gátonyi
Author of this article
I have 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. I'm actively involved in reviewing the 100+ brokers listed on our site. I personally open accounts with real money, execute trades, test customer services. I hold an MSc in International Business from the University of Middlesex. My purpose is to help people find the best investment provider.
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