Question aboit IB commission

Discussion in 'Trading' started by hajimow, Mar 18, 2004.

  1. Hi,
    I am planning to join IB but first I like to ask some questions about their commission from someone who has used it for a long time. Currently I have Ameritrade but they have a bug in calculating their maintenance requirement for uncovered put and they don't want to fix it.
    Now my questions:
    1- Will IB charge me $10 per month if my commission is less than $30/ month? what if I spend $27/month?
    2- Will I get streaming Level 1 quote for free or I have to pay for it?
    3- Are there any hidden charges that they catch you on them?

    Thanks
    Ed
     
  2. Sanjuro

    Sanjuro

    1- Will IB charge me $10 per month if my commission is less than $30/ month? what if I spend $27/month?

    http://www.interactivebrokers.com/index.html
    (USD 10.00 market data fee if less than USD 30.00 in commissions per month)
    $27 is less than $30 so the answer is Yes,
    you will have to pay $10.

    2- Will I get streaming Level 1 quote for free or I have to pay for it?

    Quote fees from Question 1 includes Streaming Quotes.
    You put the stock symbol into your Workstation and it keeps
    updating.

    3- Are there any hidden charges that they catch you on them?

    No.