[email protected] 2 Posted January 3, 2023 Hi All, Sorry to go off topic here but I'm struggling to understand this fully and I'm hoping that you guys would be best placed to help. I'm at the stage now where I am looking to open an account with interactive brokers and I wanted to understand commissions for UK account holders. Are there any IB account users on this thread that would be happy to share a screenshot of their commission charges as an example at all? All the best, Alex, Midlands, UK. Share this post Link to post Share on other sites
t0rdn3 0 Posted January 3, 2023 15 minutes ago, [email protected] said: Hi All, Sorry to go off topic here but I'm struggling to understand this fully and I'm hoping that you guys would be best placed to help. I'm at the stage now where I am looking to open an account with interactive brokers and I wanted to understand commissions for UK account holders. Are there any IB account users on this thread that would be happy to share a screenshot of their commission charges as an example at all? All the best, Alex, Midlands, UK. Hi Alex, The commissions are on their website and are the same if you trade from the UK. https://www.interactivebrokers.co.uk/en/pricing/commissions-home.php Just make sure you know the PDT rule, so you must have more than $25k on your account, else you will be limited to the amount of trades you can do a week. https://www.interactivebrokers.co.uk/en/trading/margin-stocks.php#:~:text=Overview of Pattern Day Trading ("PDT") Rules&text=Pattern Day Trader%3A someone who,subject to the PDT restrictions. hope that was enough to help you out. Christopher Share this post Link to post Share on other sites
[email protected] 2 Posted January 3, 2023 2 minutes ago, t0rdn3 said: Hi Alex, The commissions are on their website and are the same if you trade from the UK. https://www.interactivebrokers.co.uk/en/pricing/commissions-home.php Just make sure you know the PDT rule, so you must have more than $25k on your account, else you will be limited to the amount of trades you can do a week. https://www.interactivebrokers.co.uk/en/trading/margin-stocks.php#:~:text=Overview of Pattern Day Trading ("PDT") Rules&text=Pattern Day Trader%3A someone who,subject to the PDT restrictions. hope that was enough to help you out. Christopher Thanks Christopher, Yes that's great! I thought the commission were based on residence which is where I was getting confused. From what I can gather the commissions are dependent on the market traded and are the same wherever a person is based which is reassuring as the UK commissions seemed a bit steep! Yes I know the PDT, my plan is to mainly trade in SIM for next few months and then take 2 or 3 live trades a week to stay within the rules. Thanks for your swift response its very much appreciated. Hopefully if it all works out I can attend one of the UK meet ups in the future as well! Cheers, Alex. Share this post Link to post Share on other sites
agtcooper 0 Posted January 4, 2023 (edited) Hey guys, Looks like the train strike tomorrow is going to scupper my plans to get into and out of London. Hope you all have a good time and hope to meet some of you in the future. Edited January 4, 2023 by agtcooper typo Share this post Link to post Share on other sites
James Kelly 0 Posted January 5, 2023 Hi all, I'm not going to be unable to make it tonight due to the train strikes, very disappointing was looking forward to meeting you all! Hopefully get another opportunity to meet up soon. Have a great night! Share this post Link to post Share on other sites
