IB cancel or order adjusting fee?

Discussion in 'Retail Brokers' started by fh2000, Feb 28, 2007.

  1. fh2000

    fh2000

    I understand that IB charges different small order cancel fees depending on which exchanges the orders sent to.

    I am not clear, however, on the following detail.

    If I have an open order, say a 3-leg Butterfly each with 10 contracts. That's 30 contracts total. If you cancel the order, how much cancel fee will I be charged? Per open order, or per contract?

    If, for the same order, I adjusted the debit amount while the order is still open, by giving $0.10 more, how much will I get changed for each such adjustment?
     
  2. fh2000

    fh2000

    Sorry, 3-leg Butterfly, 10 contracts each, would be 40 contracts total....

    Same question...
     
  3. fh2000

    fh2000

    I emailed IB support the same question. I got the below answer back 5 days later:

    "cancellation and modification fees are charged per order while execution are per contract"