I do but don't want to discuss more details on this. Just want to add that the hurdle rate to be classified as institutional client at IB is a lot higher than some imagine here. 10mil assets at least and other requirements...
I am an IBKR shareholder. Interest income was 97% of PBT last year. Trading income is less than 3 per cent. If you think you are being ripped off by comissions think again. IB's balance sheet is closer to a bank than a broker.
then why does not IB provide 0 commission for API users? in that way, we can stay with IB more closely and do not need to move capital out to other brokers.
On average, 3 per cebt of your total fees are straight commissions earned by IB. And that's what is bothering you?
It is not 3%, it is 30% of my revenue since I am day trader. i am better off in this high volatility environment, but during 2019 with volatility around 10, i made a little less than 1 cent per share.
Numbers don't lie. Why you are 10x away than the rest (on average) is not clear to me. You may want to review your strategy.