AFAIK there is no Annual Account fee charged by Campbell, O'Connor. No mention was made of this when I recently opened an account with CO'C. Here are the commission charges: 1.5% up to €8,888 subject to a minimum of €25.40 (or GB£20).
There is a 1% Stamp Duty charge on Irish Registered Shares and a 0.5% on UK Registered Shares.
"When dealing in a non-Irish or UK stock you will also have to pay an agent's commission fee; US commissiions are approx. 0.5%, subject to a US$50 minimum commission on top of our normal commission per deal."
In view of these charges, the minimum amount invested in Irish shares should ideally be €1,700 at a cost of €25.50 plus €17 stamp duty (1%). Since it is usually recommended on AAM that investment in shares should be long term, it would hardly be likely that a person would sell in the first year especially with a share like Ryanair?
My own view as a newcomer is that if the annual gain is at least 10% after all charges are deducted, it is still twice as much as a deposit account would yield. More would be great! Thanks to CCOVICH for mentioning the annual exemption of €1,270 - very encouraging for a beginner with moderate ambitions regarding profit.
PS Is the annual exemption cumulative on an annual basis?