IB - non-US traders penalized under new futures plan (futures commission raised) In fact IB raised its commission slightly in some places too. It removed the tier "1-300" and replaced it with "1-1000" tier. Commission is higher for unbundled plans in nearly all currencies for the first 1000 contracts. You pay 5 Euro/GBP/SGD more for the first 1000 contracts. 10 swiss franc 50 Swedish Krona 50 HKD 1000 Yen Unchanged for AUD. But you save 10 USD for the first 1000 contracts. Good news for US traders but bad news for non-US traders. This is a punishment to all non-US traders. Could IB please slightly reduce the commission so as to not penalize us under the new plan?
Euro Old plan First 300 contracts 225 301-1000 contracts 420 Total ___________ 645 New plan 1-1000 contracts 650 Conclusion: 5 Euro higher
British Pound Old plan First 300 contracts 165 301-1000 contracts 280 Total ___________ 445 New plan 1-1000 contracts 450 Conclusion: 5 GBP higher
Swiss Franc Old plan First 300 contracts 360 301-1000 contracts 630 Total ___________ 990 New plan 1-1000 contracts 1000 Conclusion: 10 CHF higher
Swedish Krona Old plan First 300 contracts 2100 301-1000 contracts 3850 Total ___________ 5950 New plan 1-1000 contracts 6000 Conclusion: 50 SEK higher
Hong Kong Dollar Old plan First 300 contracts 2100 301-1000 contracts 3850 Total ___________ 5950 New plan 1-1000 contracts 6000 Conclusion: 50 HKD higher
Japanese Yen Old plan First 300 contracts 45000 301-1000 contracts 84000 Total ___________ 129000 New plan 1-1000 contracts 130000 Conclusion: 1000 Yen higher
Hey what's wrong with you? IB didn't inform us that it charged slightly higher now for non-US traders. Is it morally wrong just to open a post to remind and talk about this change, or rather side-effect? So, in your opinion, ss it okay *not* to inform about the change simply because the percentage is small? What logic is it? Or do you like the way how IB raises the prices silently each time it slightly alters the structure of the plan so long as the price rise is small? After all I don't see why IB can't keep the commission unchanged after tier consolidation of the plan. And why coudldn't IB just inform us about the change when it happens? BTW pennies make dollars like McDonald. McDonald raises the price bit by bit silently each time without notice. It may be small in each customer's viewpoint. But it means big in the company's viewpoint.
InteractiveB is a business, Mcdonalds have been raising prices for 50 years from 10 cent burgers to 99 cents. Prices will be raised. You can bet your money on that. Its 1 cent per contract raise in 4 or 5 years. <b> trading commissions use to be $50 PER TRADe in the 90s. $100 PER TRADE in the 80s</b> This is actually a damn deflation @ $2 per contract. I didn't see your bitching posts when real estate jumped 300% in the past 5 years , thats something worth bitching about. This price increase isn't even worth my reply lol. ok bbl