Bob111
Registered: May 2002
Posts: 6424 |
05-05-12 03:06 AM
Quote from braincell:
I think he means Cost-Plus at IB.
It depends on the volume you trade, but if using only limit orders (adding liquidity), you'll probably be well under $1. I'm not sure if the cost-plus has the same minimum though for a small number like 100 shares.
yeah..i guess...that's how they use to called it..unbundled..like 5 years ago maybe( not visiting IB's site very often)
0.7 minimum. read this
http://individuals.interactivebroke...hp?f=commission
# [1] Volume tiers are applied based on monthly cumulative trade volume summed across all stock and ETF shares at the time of the trade. Only shares that are traded while under the Cost Plus pricing structure will count towards the monthly volume. Share volumes for advisor, institutions, and broker accounts are summed across all accounts for the purpose of determining volume breaks. These fees are applied on a marginal basis for a given calendar month. If for example, you execute 500,000 US shares in a month, your IB Cost Plus fees would be:
* 300,000 shares at USD 0.0035
* 200,000 shares at USD 0.002
# [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.
# [3] CAD 1.00 minimum per order.
# [4] Transaction fees are only charged for sell orders.
# [5] No exchange, clearing or transaction fees charged.
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