Kospi Option Commission~ Please kindly advise

Discussion in 'Retail Brokers' started by traderaaaa, Aug 22, 2008.

  1. hi all,

    What broker can i use besides IB and hyundai future ?

    IB is charging 0.2% commission of the option value . It is so expensive.

  2. simki


  3. def

    def Sponsor

    What kind of size do you think you'll be trading?

    Given the value each contract is so small and the average price for the most active is < .50 KRW, that comes out to < 1 penny per contract.
  4. hi def,

    I am trading at least 9000 contracts per day. 0.2% commission is too expensive for me though i am still using IB's TWS.

    I heard that many brokers offer less than 0.8% commission with no minimum.

    Is that possible for IB to reduce the commission ?
    I will still prefer using IB if the commission is just a bit higher than the other brokers as i can use the TWS and don't have to write a new api.