IBKR Fixed vs Tiered

[Zappy Jones 0]

Hey BBT fam. Might be my first post in the forums. Basically I'm wondering about the IBKR Fee setup. I just went live a couple of months ago and now that I'm in the swing of my tradebook I'm looking at my commission set up. 

I am still trading small volume. 100-500 shares per trade usually. Risking $50-$100 per trade. I take around 10-20 trades per day. I am currently using fixed commission and I see that when I over trade it hits me pretty good. I'm wondering if I should switch to tiered or if tiered is for when I get to trading large volumes of shares like 1000s per trade?

Any advice is much appreciated!

Thank You,

[Zappy Jones 0]

Thank you PeterB. I will check it out. 

 

@peterB That link was just what I needed. Thanks again for hooking me up!

Edited January 11, 2022 by Zappy Jones

[sbtrade 0]

Hello folks may I ask for that “link” be shared with me also - I have the same question, tiered vs fixed

[Martin D 29]

Andrew did a video on it on the Bear Bull Traders youtube a couple of years ago, just scroll back a couple of years and search for commission