SEC Fees in IB

Discussion in 'Retail Brokers' started by Tech Analysis, May 9, 2002.

  1. I notice that IB doesn't deduct the SEC fees on sales of securities like Datek and many others do, at the time of the sale. Is this a year-end adjustment issue or do they absorb them? (I don't know how with their low fees to begin with)
     
  2. Fohat

    Fohat

    IB absorbs them. Commissions of [0.005/share +$2.50], or less, inslude all the fees.