Can someone help me understand broker fee structure

Discussion in 'Trading' started by milemke08, Jun 8, 2012.

  1. This is not quite right. For trading stocks, you need to factor in the SEC fee above what you pay for commissions. It is a percentage of the total dollar transaction regardless of number of shares. These days the SEC fee is so high that you really can't make money scalping for a 1 cent in/out.
     
    #21     Jun 9, 2012
  2. Don,

    Do your traders use "Fill or Kill" type of orders?

    Es


     
    #22     Jun 9, 2012
  3. 1245

    1245

    Can be expensive if you trade high priced stocks like AAPl and GOOG. Sec Section 31 transaction fee rate is $22.40 per million dollars sold.

    so, 100 AAPL at 580= $58,000.

    58000 *.0000224= $1.2992 for 100 shares of AAPL.
     
    #23     Jun 9, 2012
  4. hajimow

    hajimow

    There is a way to bypass the $1 minimum in IB for trading 100 shares and just pay 0.5. I am not going to tell you how but if you have used IB a lot, you will find it out.
    A hint: Putting order will not be that straight forward. You have to use one of the trading features that IB offers.
     
    #24     Jun 9, 2012