IB is charging about $1.00 (not $.25) for certain penny options!

Discussion in 'Retail Brokers' started by Option Trader, Dec 17, 2008.

  1. For certain options like SMH, IWM, MNX, etc, IB shows charges on your daily trades of about $.43 or so for them. But it seems they have another fee of about $.50 or so per options which they call "exchange fees: and label under "unbundled commissions".

    IB says these fees were in place for over a year, but only last month started listing them separately. I asked them where they used to be listed, and they say it was under commissions previously. I would often monitor "commissions" and never noticed fees of almost $1.00 per option!

    IB has now charged me over $700 this month in such fees.
  2. jtnet