I am paying $15.95 per side for 10 options contract with IB and don't really know why

Discussion in 'Retail Brokers' started by Opcodes, Jul 4, 2020.

  1. Opcodes

    Opcodes

    I am paying $15.95 per side for 10 options contract with IB and don't really know why.

    i wanted to buy IBKR stocks and sold 10 puts as a noob in options I don't understand why I am overpaying as I thought the maximum is $1/contract per contract per side.

    I am open to other brokers though as i felt ripped off
     
  2. zdreg

    zdreg

    Why don't you wait for a reply before whining and being a cry baby?
    Didn't you think to go to customer chat before coming to ET?
     
  3. taowave

    taowave

    Go to TOS..
    Better platform for a noob.
    You will pay apx .65

     
    athlonmank8 likes this.
  4. donnap

    donnap

    At IB, it's about the average comm. per side.

    After several/many trades, your average comm. per side will come way down.
     
  5. ET180 and Opcodes like this.
  6. Opcodes

    Opcodes

    already figured out i removed liquidity

    IB chat is not 24/7
     
  7. Opcodes

    Opcodes

    TD pricing here LoL

    • Stocks
      Trade unlimited shares for a flat commission of USD$10.65 per trade.
    • Options
      USD$0.81 per contract plus USD$10.65. Option commissions are waived when you buy to close any short individual or single leg option for USD$0.05 or less.
     

    • No Taking liquidity and fees.
    • Might be cheaper than IB.
     
  8. Probably not if you consider payment for flow and price improvement.
     
    #10     Jul 4, 2020