IB rate check

Discussion in 'Retail Brokers' started by stock777, Mar 10, 2006.

  1. In the event I am mad enough to trade BB's at IB, am I correct that the .02% rate applies to these in large numbers?

    So 100,000 shares at 2 cents ($2000 worth of stock) = a $4 commission one way?

    Pretty sure this is the case, but wanted to check with you guys since I know you trade the pennies with abandon.
     
  2. Sanjuro

    Sanjuro

    I thought they only allowed you to sell BB stocks at IB. In case you transferred any from another brokerage but I don't know if you are allowed to buy them.
     
  3. Steve_IB

    Steve_IB Interactive Brokers

    You can trade BB stocks through IB, and yes, your commission calculation is correct. (100,000 x $0.02 x 0.002)
     
  4. GTC

    GTC

    stock777, your calculation is right for the bundled pricing. However, for unbundled pricing, no such maximum ceiling form commissions exist according to the IB chat CSR.