Today is the first day that my new IB account is funded. So I was exploring through TWS, and as a test after hours, I placed several limit orders for US equities, updating the limit amounts *SEVERAL* times, and cancelling and replacing the limit order at least 10 times..... ....Then i realized that they charge to cancel/modify?!?!?! If this is the case, I probably blew at least $50 in 10 minutes for no reason! I'm looking all over TWS and account management, and I can't find a report that breaks down what i just did! Help!
your current account balance should show the accrued charges or worst case tomorrow's account balance will be updated to account for the charges.
Can someone help? I have a huge limit order and i'm reluctant to change the limit price because I don't know what I am paying!
For stocks it's not that expensive, ton o changes every day and i received a 5 buck charge (one time for all day). Probably not a big deal unless you change options - that's expensive! HTH ps - surf their website for the charges
wait.....is that "0.12/Cancel or modify order" per share or per action? I thought it was per share! Hehehe, that is too funny.. Let's see, 2500 shares, about 25 changes: 2500 x 25 x .012 = $750.00 dollars ok, this is my single allowance of a newb-panic-retarded-forum-post for 2007. It wont happen again. Until 2008.