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Okapir
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Posted - 2006.12.11 14:29:00 -
[1]
Having decided to specialise in trading I got my character skills up over a few weeks, lvl 5 in some but not all. I have to say that I was very dissappointed (understatement!) that my main has lvl 4 Broker Relations, my alt has lvl 2, and they both pay the same Brokers fee at 0.8%, I suspect I have missed some fundamental point, perhaps someone could let me know what that is? Tomorow I get to lvl 4 Margin, I hope after a long and painful wait it does what it says on the tin?
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Matalino
Gallente
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Posted - 2006.12.11 14:49:00 -
[2]
Edited by: Matalino on 11/12/2006 14:51:39 I recommend that you go back and have a closer look at your brokerage fees. It will summerize your fee as 0.8% because it is rounded. You will actually have a base fee of 0.75% with level 5. Try creating a order for say 100,000 ISK in goods, you should find that the broker fee is 750 ISK. Brokerage fees are further adjusted by standings so it might be better (or worse) than advertised depending on the station where you are creating the order.
The Margin Trading skill also has a quirk to it. Most skill bonuses stack by adding ( 5%, 10%, 15%, 20%, 25%) Margin Trading stacks by multiplication. So your required collateral will decrease as follows: 75%, 56.25%, 42.18%, 31.64%, 23.73%.
Hope that clears things up for you.
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Okapir
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Posted - 2006.12.11 15:18:00 -
[3]
That has made things alot clearer - thank you! One small point... I've got accounting at lvl 4, so that means I pay 40% less transaction tax, when do I pay transaction tax? (sorry noob question), never noticed it before, just trying to justify the investment (loss)in time
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Matalino
Gallente
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Posted - 2006.12.11 16:19:00 -
[4]
Tax is paid whenever you sell something through the market. The default value is 1.0%. Having the Accounting skill will decrease that by 0.1% (10% of 1%) per level. So with Accounting level 4 you will pay 0.6% tax whenever you sell something.
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Okapir
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Posted - 2006.12.11 18:21:00 -
[5]
Thats great! thank you again, thread closed
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