In Recurring Investment, you should understand the various fees that may be charged, including service fees, transaction fees, and taxes. Service fees are fees charged by the platform for managing and maintaining investment accounts. Transaction fees, on the other hand, are charged whenever you purchase or sell assets in your account portfolio. These fees can either be a percentage of the transaction value or a flat fee per transaction. In addition, taxes are also an important component to consider. Taxes can be levied on profits earned from investments and must be paid each time a transaction is made, depending on the tax regulations applicable in the investor's jurisdiction. It is important that you take all these costs into account as they may affect the final outcome of their investment. By understanding and managing these costs, you can make smarter decisions and optimize the potential investment returns on your account.
Are service fees, transaction fees, and taxes levied on first-time transactions only or on each transaction?
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