Where can I find short fees details at IB?

Discussion in 'Retail Brokers' started by GoogTgt, Feb 10, 2021.

  1. GoogTgt

    GoogTgt

    Hello,

    I recently shorted GME and covered the short after 3 days. I am trying to find out how much fee I paid for those 3 days for shorting GME. Can someone please tell me where I can find this in reports? I looked at the daily activity reports and I don't see any such detail? Thanks.
     
  2. kmiklas

    kmiklas

  3. GoogTgt

    GoogTgt

    Thanks. That link shows me a statement section called "Non-Direct Hard to Borrow Details". But I am not seeing that section on my daily activity statements. I even tried customizing the report and that didn't show me that section either. Here is the section I am not seeing on my activity statements.
    [​IMG]
     
  4. JSOP

    JSOP

    Where can I find short fees details at IB?

    -Check your Activity Statement in the section where it says "Borrow Fee Details". It will give you the % and the amount.

    Yes I know it's a lot. That's how IB makes money and how it can stay as a "discount broker".





     
  5. Ignorant response. The example of apple above is very small fee. GME is a hard to borrow and market/street rates will thus be higher. There is high risk lending a hard to borrow or volatile stocks and those lending demand more to compensate for that risk.
     
  6. JSOP

    JSOP

    So how much did you get paid by IB for this comment? LOL
     
  7. GoogTgt

    GoogTgt

    I'm not seeing the "Borrow Fee Details" section. I shorted GME on 2/5 and closed it on 2/8. This is all I see. May be there is a bug in IB where it doesn't charge any short fee for GME?
    upload_2021-2-10_19-12-8.png

    Here are my trades:
    upload_2021-2-10_19-13-16.png
     
  8. You need to be sure to include Everything in your statement options.
     
  9. It could be that the account values are not updated "real time" and that you have to wait a few days before it becomes visible in your reports?
     
  10. Just calling a spade a spade as you’re putting out nonsense.
     
    #10     Feb 11, 2021