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luisHK
Registered: Sep 2010
Posts: 1002 |
04-05-12 09:02 PM
Hi
According to the following link, under the IB cost plus commission scheme, my MOC trades should be chargeded 0.0035 + 0.001 per share through ARCA. Sometimes it happens that way, but pretty often, like today, I get charged around 0.0075 per share (0.075257 today according to the trade log).
Any idea why, and how I could fix the issue ?
http://www.interactivebrokers.com/en/p.php?f=commission
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rmorse
Registered: Apr 2011
Posts: 1056 |
04-05-12 11:33 PM
Quote from luisHK:
Hi
According to the following link, under the IB cost plus commission scheme, my MOC trades should be chargeded 0.0035 + 0.001 per share through ARCA. Sometimes it happens that way, but pretty often, like today, I get charged around 0.0075 per share (0.075257 today according to the trade log).
Any idea why, and how I could fix the issue ?
http://www.interactivebrokers.com/en/p.php?f=commission
When you called and asked IB, what did they say the extra charge is for.
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luisHK
Registered: Sep 2010
Posts: 1002 |
04-17-12 01:59 PM
There was nothing wrong, fee differential mostly came from the transaction fee on sales, which adds up per share when dealing with 100usd+ per share issues. Mostly trading futures nowadays and missed the obvious regulatory fee.
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Bob111
Registered: May 2002
Posts: 6422 |
04-17-12 02:02 PM
there is a minimum fee on every order
from their Cost plus page:
[2] USD 0.35 minimum per order for monthly volume exceeding 100,000,000 shares.
USD 0.70 minimum per order for monthly volume up to 100,000,000 shares.
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