UK Brokers

[kgoodwin 0]

Hi just wondering which brokers people trading out of the UK are using with DAS?  Setup an IB  account but the commission they charge in the UK seem very expensive compared to the US and Canada.  Does anyone use anyone as good but with cheaper commission costs?

[kgoodwin 0]

 

Reading that they charge 0.05% of trade value with a min of $4 up to $8000.

Example trade 250 shares of AAPL at $142 would = $17.75 commission from a UK account.

Trade this 250 shares AAPL at $142 would = $1.25 commission (0.005 cent per share) from a US account.

Or have I misunderstood their pricing?

 

All Stock and ETF orders executed with IB SmartRouting^SM on venues in Belgium, France, Germany, Spain, Italy, Netherlands, Switzerland, United Kingdom³

	FIXED
EUR-denominated1	EUR 3.00 for trades up to EUR 6,000	0.05% of trade value for trades over EUR 6,000
GBP-denominated	GBP 3.00 for trades up to GBP 6,000	0.05% of trade value for trades over GBP 6,000
CHF-denominated	CHF 5.00 for trades up to CHF 10,000	0.05% of trade value for trades over CHF 10,000
USD-denominated2	USD 4.00 for trades up to USD 8,000	0.05% of trade value for trades over USD 8,000
Example