Interactive Brokers Commission fixed vs Tiered API Fees

Discussion in 'Retail Brokers' started by Signate67, Jan 26, 2017.

  1. TraDaToR

    TraDaToR

    "There is no distinction between API orders and orders submitted via TWS with respect to ECN rebates"...
     
    #11     Jan 27, 2017
  2. sprstpd

    sprstpd

    If that is true, that would be great for traders under the fixed tier commission rate. I've been on both fixed and tiered at IB and I never received any rebates while on the fixed commission structure.
     
    #12     Jan 27, 2017
  3. TraDaToR

    TraDaToR

    Since API routed orders are under fixed treatment ( even if I am tiered for TWS orders ), I will be able to tell you if it is the case soon. But I wouldn't have much hope, this particular IB CS rep gave me numerous false answers.
     
    #13     Jan 27, 2017
  4. thanks for clarification!
     
    #14     Jan 27, 2017
  5. Stok

    Stok

    So if I use Ninjatrader with TWS and place all my orders via NT....is that considered an API routed trade?
     
    #15     Jan 28, 2017
  6. d08

    d08

    Yes.
     
    #16     Apr 26, 2017
  7. wolfofwst

    wolfofwst

    TraDaToR, what were your findings? I am also on the tiered system and i want to send orders direct to ARCA through the TWS API.
     
    #17     Feb 21, 2018