100 shares / fee > exceeding 1$....

Discussion in 'Interactive Brokers' started by metrodream, Jul 8, 2022.

  1. I have no experience with tiered commissions, so I don't know. I would suggest that you ask IB about the "delay time" between you incurring those costs and them reporting it. I did notice that for reporting interests paid/charged there is quite a long delay. For example: the overview received at the end of June had the interest for May calculated. So more than one month delay.
     
    #21     Jul 10, 2022
  2. NoahA

    NoahA

    Crap, so I could be in for quite a shock! I think by the end of July, it will have been more than a month since day trading these ETFs, so by then it should be clear. I can't imagine they can charge fees for something from more than 2 months ago.
     
    #22     Jul 10, 2022
    murray t turtle likes this.
  3. %%
    Most likely.
    SCHW puts them[SEC exit fee]on my printed monthly statement[ under '' exchange fees/interest column'']
    DONT think the SEC exit fee is $00.34 on $15 k, but its possible they went up that much?
    [I get my June paper statement about 5-12 days in to JULY.
    SEC fee is exit only+ i think they did have an exit fee increase by JUNE.[Link somewhere on elitetrader.com]
     
    #23     Jul 11, 2022
  4. NoahA

    NoahA

    Thanks for the details. I will update this thread if anything appears on the June statement. But I already saw my June statement and it wasn't there. But perhaps its not the final copy as I have no idea since my only experience is trading futures.
     
    #24     Jul 11, 2022
    murray t turtle likes this.
  5. %%
    I just saw mine today;
    + saw a way[earlier in year] for me to get ripped off tax wise on DBC. But it was in a Roth, so no harm done.
    SEC fee may have gone up as much as mr morgan posted on IBKR MSFT order anyway. These brokers maybe have some discretion , if they bust up an order same day as to how much SEC fee[exit] they actually charge..........................................I never got messed up SEC fee taking my daytrade profit\ even though i could have on starting position on SH in MAY,2022:D:D
     
    #25     Jul 12, 2022