Has anyone managed to negotiate lower fees with IB?

Discussion in 'Retail Brokers' started by tonyf, Feb 14, 2019.

  1. tonyf


    Tiered volume discount on the side, this guy claims it is doable:

    "However, just because they advertise these rates there is no rule which says you can’t negotiate further. Remember, brokers value your business."

  2. wrbtrader


    What's the size of your trading account at IB ?

    Simply, if its large enough, you can negotiate.

  3. ZBZB


    If you trade futures or FOP then get an exchange membership. You do not have to pay the exchange fee then. You have to let IB know you are a member and they stop collecting the fee. Membership prices have been in steady decline for years.
    apdxyk and zdreg like this.
  4. tonyf


    Do you know someone who has done that?
  5. traider


    How much is the membership roughly worth now? Is it based on an annual fee or once off charge?
  6. No one who does would say so, and anyone who'd say so doesn't.

    The answer to your question is simple logic. IBKR does not just say "...but our published rates are..." when an account holding $50mm in shares they can lend out (plus the plethora of other ways they make money with it) walks out the door.
  7. ZBZB


  8. What's large here? I have a few hundred K with IB.
  9. tonyf


    This is precisely my question.
  10. wrbtrader



    I highly recommend you call IB (your broker) and ask them specifically what needs to happen for them to change your fee structure.

    If you're doing enough volume, look into a CME membership.

    #10     Feb 14, 2019