IB No cancellation fee for "STOP ORDER"?

Discussion in 'Retail Brokers' started by exce26, May 28, 2005.

  1. exce26


    We all know that IB will charge cancellation fee for CME
    What if we use "STOP ORDER" only? Is there any cancellation fee for "Stop order"?
  2. ktm


  3. This was mentioned in that previous thread that ktm posted for you. There will not be a cancellation charge for a simulated order, which stands to reason since this charge is not an IB decision but a charge coming from a CME decision; a stop order is a simulated order for the CME.

    I don't know why this has come to be, it will effect my trading minimally and only when I have entered a limit profit target that doesn't get filled and another price or exit has to be done instead. I do think I like this idea if it can remove some of the "noise" I feel when trying to get a sense of a lot of bid-ask changes and size shifts from the bid to ask or ask to bid and very few corresponding trades.
  4. r-in


    Has anyone recieved notice from any other brokers that this will be happeneing to them also?
  5. j1900q


    I have only heard this from Ib so far.