IB Forex Commissions Page

Discussion in 'Forex Brokers' started by Craig66, Apr 15, 2008.

  1. Craig66


    I just can't get the IB forex commissions page to add up, maybe I'm just feeling extra stupid tonight...so let's run it though.

    Assume IDEALPRO, commission is 0.2 of a basis point, which is 0.00002 for say EUR/USD.

    Their second example is

    USD 1,000,000,000 daily volume for EUR = USD 20,000

    All well and good 20,000/1,000,000,000 = 0.00002.

    Their first example is

    USD 50,000 daily volume for EUR = USD 2.50

    This makes no sense as 2.50/50,000 = 0.00005

    ...am I missing something here?
  2. def

    def Sponsor

    There's a minimum of $2.5 per order.

    Fees are > of $2.5 or 0.2 bps for size < 1,000,000

    0.15 bps < 2,000,000


    0.1 bps > 2,000,000

    1 bps = 0.0001
  3. Craig66


    Thank you for your reply, are those daily volumes in your answer?
  4. Craig66


    I just know somebody could answer this if they wanted to...

    If the above figures are single trade sizes or daily volumes then why does the web page deal in monthly volume? I'm not sure I could make such a simple thing so confusing if I tried.
  5. def

    def Sponsor

    sorry, overlooked this thread.

    The price breaks are for monthly volumes. I didn't realize but I left off three 0's in the above post.
    The breaks are < 1 billion = .2 bps
    1-2 billion = .15 bps
    > 2 billion = .1 bps

    per month
  6. Craig66


    Cheers! :)