Discussion in 'Retail Brokers' started by Trader909, May 16, 2013.
How many of you guys trade through IB and is your starting commission rate $0.70 per contract?
count me in, lots of ET posters would apply as well
I traded there before and that was my rate for smart routed orders. When I used DMA for complex orders, they charged me $1.00 per contract.
I pay $1.
It's 0.7 for everyone per options contract, but a $1 minimum.
So two contracts are $1.4. For options that are less than $0.10 the comms are lower but the minimum is the same. Look at the link.
I assume you're asking about options since you said "contract". Anyway, it's all on their site, if you know how to use a browser you'll get your questions answered rather quickly.
Sorry to crash the thread,
But can som1 explain to me how the data fees work. Do you get free data after clocking up a certain amount of brokerage fees?
And is this access to all data available on all markets?
basic data fee is $10/month.....unless you rack up 30$ in commissions each month...in which case the fee is waived.
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