IB Fixed vs. Tiered

Discussion in 'Interactive Brokers' started by ET180, Mar 29, 2017.

  1. ET180

    ET180

    There's already been a few threads on here about fixed vs. tiered and typically the answer has been go with fixed unless you trade high volume. I'm just a small low-volume (usually no more than a few hundred shares per day) retail swing trader, but I usually enter trades on a limit order (don't usually get filled immediately) so therefore I'm mostly adding liquidity. Would it make sense for me to do tiered so that I can occasionally pick up a rebate from the exchange if offered? Anything else that I'm overlooking?
     
  2. Yes. If you almost always provide, go with tiered.
     
    lawrence-lugar and ET180 like this.
  3. ET180

    ET180

    I switched and that dropped my stock commissions by more than half. Again, I do mostly limit orders so I get some compensation for providing liquidity depending on the exchange. Made a big difference.
     
    Digidave10 likes this.