NOTIFICATION - MODIFICATION TO US REGULATORY FEES Dear IB Customer, You are receiving this communication as you have US option or bond trading permissions or have selected the Cost Plus commission plan for US stocks each of which requires payment of any exchange, regulatory, and clearing fees. Effective August 5, 2013, IB will begin including in those regulatory costs the Trading Activity Fee (TAF), which is assessed by FINRA to recover the costs of supervising and regulating firms. This fee applies to the sale of stocks (including sales originating from option exercise or assignment), bonds, options and Single Stock Futures at the following rates: Stock (Cost Plus customers) - 0.000119 x quantity sold, maximum of $5.95 per Trade Options: 0.002 x quantity sold, plus stock fee on securities sold pursuant to an option exercise or assignment Bonds: 0.00075 x quantity sold, maximum of $0.75 per Trade Single Stock Futures: 0.00004 x quantity, minimum 0.005 per Trade Also effective August 5, 2013, IB will be updating the following regulatory fees currently charged on stock executions under the Cost Plus model NYSE Pass-Through Fees Current rate: 0.000420 * IB Cost Plus Commissions Updated rate: 0.000175 * IB Cost Plus Commissions FINRA Pass-Through Fees Current rate: 0.00046 * IB Cost Plus Commissions Updated rate: 0.00056 * IB Cost Plus Commissions For additional information on IB commissions, please click here. Interactive Brokers Customer Service
I don't know what Cost Plus is I use Smart Rebate "buying" Calls commission seems to be the same though "selling" was noticeably higher marc