Commissions for Interactive Brokers UK

[Matthias 2]

Hi all!

I have been trading in SIM for a few months. However, I will be transitioning to Live trading soon.

I have a funded IBKR account and I am looking into the commission fees.

Do we have to pay a 0,05% commission of the trade value? Can we not pay by the number of shares we take like in the U.S?

For example if someone buys 50 shares of AAPL at $150 per share. 

IBKR (UK) -  50*$150=$7500 -- Which 0.05% off is $3.75

IBKR (US) - 50 shares * $0.0035=$0.175 -- So it doesn't even get up to the minimum, which is $0.35 per order.

Are we paying $3.75 for this order, while people in the US are paying $0.35 for it?

Or am I completely misunderstanding the commission structure?

 

[FloydTech 0]

Hi @Matthias

I see that no one replied to your question... Did you manage to find the answer yourself?

Also, if you did transition to live trading from the UK using IBKR or any other broker?

It would be really valuable to hear your experience, here or in a new thread on the topic, so to build more UK specific resources in this UK group.

Any help would be much appreciated.

Thanks in advance

James

[Matthias 2]

Hi @FloydTech

The commission was indeed the lower number fortunately.
I did transition to live trading with IBKR and use DAS for executions.

My experience with both IBKR and DAS are really good.

Best,
Matthias