I guess I've answered plenty of dumb questions here so I suppose I should ask one Can someone explain what unbundling means and how it will affect me? I trade a decent amount of shares per day (for a retail guy) and it adds up in a year. Does the 300,000 shares in their example refer to a 300,000 share trade (not me) or does it refer to a cumulative total of 300,000? TIA http://www.interactivebrokers.com/en/accounts/fees/commission.php?ib_entity=llc
Cumulative over the month. unbundled can help you save on fees depending on what you do/trade. But you are not capped at 0.50 per share as in the bundled. You may pay some exchange fees but you can also get the rebates for posting liquidity. I lowered my cost on comish with the unbundled.
Thanks for the replies. As for exchange fees, do I have this right... if I add liquidity I get a credit whereas if I remove liquidity (execute at the bid or ask), I pay an exchange fee? Again, TIA.