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


    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.