stil do not understand how they get to 1.52$ commission for 100 shares. Regulatory fees are max. 2 cents for 100 shares. I will send a ticket over to them.... I used https://www.interactivebrokers.com/en/index.php?f=49637 to get IB commission information....
cant stand it anymore. the pinheads here are useless, as usual SEC fee is 34 cents on 15000 Pitiful big daddy the only one who could figure it out. The rest of ya suck
%% I dont think that's the complete answer for him\ but i only looked @ his overlarge MSFT order compared to AAPL............................................................................... Its his first post, thats why its good to correct him if we think his MSFT was too big?? Probably was since he did not reply to that part.
It's not just you: this also happens to me. When opening (BUY) stock I'm charged $1, when closing the position (SELL) I'm charged a bit more. I assume that it is regulatory fees which are higher at closing a position.
When you place a market order, the exchange essentially slaps you with a fee for being a "market taker" (those who take liquidity from the market). Read the following for more detail. What Maker-Taker Fees Mean for You https://www.investopedia.com/articles/active-trading/042414/what-makertaker-fees-mean-you.asp
This is from IB. On fixed rate, here were my fees for anything from 25 shares to 50. Always $1 or slightly higher. When I switched just 2 days later to tiered pricing, here is what I ended up paying. Note that sometimes a 100 share lot was 37 cents, about the same price as only 25 shares. There is a 100 lot in there also for 23 cents, and a 200 lot for 45 cents. Vastly better than fixed pricing even if it is all over the place depending on various factors.
So the trade commission is better (i.e. lower) on a tiered pricing. But how about the regulatory, exchange and clearing fees and so on? I assume that IB charges those at the end of the month. And therefore that those costs are not immediately visible when a trade is executed.
Good question. June was the first month I started trading these ETFs after only trading the micro futures before. Looking at my June statement, I don't see anything other than the commissions column and also data fees. But I should look into this more as I do remember reading something about this somewhere. I'm not in the US, so I wonder if this can also be a factor.
It is the small print at the bottom of the page: https://www.interactivebrokers.com/en/index.php?f=49637 At the upper right hand, in the blue box, you can select the region to find the exchange of your interest.
Yes, I do see third party fees listed, but I didn't see anything on the June statement, but will look closely when the July statement is ready. It is a bit troublesome because the actual fees that I show above are much lower than what it suggests as minimum per order. But if its not listed on the June statement, then what else can I do.