Probably regulatory fee. So the total is $1.30 for round trip. But they advertise $1.00. Not very transparent.
@Kim Klaiman Is IB charging you cancellation fees on options? They used to charge me a cent or two per cancel, but when I ran some more reports on my account, it's been quite a long time since they've charged me any fees for this (and I cancel and re-submit option orders a lot.) Did I somehow choose some kind of different commission schedule from them, or are these fees waived if a certain amount of commission is generated in a month? I'm a little puzzled. When I stopped seeing these fees on my account, I just assumed IB got rid of the CXL fee for options.
They don't charge cancellation fees on Smart routing orders, and charge 0.01 on API/CTCI Directed orders. I cannot remember last time I paid those fees.
So if you are trading options, this really isn't anything shocking. Anyone who trades with at 10k can get these rates. I have been with Option House (OH) for a few years and I get 4.95 base and .25 a contract for options. Once you start trading more than 20 contracts or 10 vertical spreads, or 5 condors, flies etc, which isn't very much, my rates look better at OH than Tastyworks. You don't have to jump through hoops to get these rates. Send over your trading information showing at that you trade 10-20 contracts a month. They'll give you this rate. As for futures, which TastyWorks doesn't offer yet, the stated rates look a bit better than the $2 per contract plus exchange fees OH offers. Given, OH works with you, I bet they would match those rates too. Not trying to push OH here, because I am actually considering moving to Tasty works because the mobile platform looks way better than the OH one and I hate have two different accounts to trade, one for futures, one for options, even though it's the same broker. OH has assured me this won't be the case in the future, but I've been waiting over a year now for the new mobile app and in the beta it doesn't even have options trading or even a timeline for futures....
I pay $0.50 per at TOS with no ticket charge. You should renegotiate your rate... at least have them pull the ticket charge.
How much do you pay each year in commission. I pay 1$ - no ticket and thought I got a deal - last year I paid 23k in TOS commissions.
It's still pretty raw - like TOS in the very very early days (actually never saw it that early) but it's intuitive - works well and just needs additional features. Definitely better than IB right from the get go - less clicks- easier to handle via a remote desktop session and I'm sure the features will come