IB's new US equity commission

Cyber is still cheaper on stocks w/ .006 on first 2k and .003 on over 2k.

 

pev,

"USD 50" means the stock trading at $50 (US dollars), and "USD 2" means the stock trading at $2 (US dollars) in your example. By the way, the commission rate is not $0.0005/share, it is $0.005/share (i.e., half a cent per share).

 

Don't they have a platform fee though? Like $100 a month?

SSB

 

per share fee

Fee Waived1 if you Trade: 40,000 shares or 200 contracts per month

or per trade fee

40 equity/options trades or 200 options/futures contracts per month

I doubt many active trades do less per mth.

 

Cyber would need round the clock futures trading and more contracts (bonds, currencies) before I would try them out.

 

Cyber's mediocre order routing will more than consume any commission savings compared to IB.

 

I have to complement IB for this radical move. Nice job.

Trent

 

Cybertrader has platform fees as high as $249 per month. Platform fees aside, Cybertrader’s per share commission is only favorable vs. IB for trades greater than 3,000 shares.