IB Commission

[Gianluca73 0]

Hi, sorry for my poor English.

I would like to understand how much the commissions affect on the day trading.

On the IB website I read 2 possibilities:

Fixed = 0.005 per share.

Example: Purchase 1000 shares pay USD 5.00; I sell (close) 1000 shares pay USD 5.00. Tot = USD

10.00 for the cost of the transition.

Tired = 0.0035 per share.

Example: Purchase 1000 shares pay 3.5 USD; I sell (close) 1000 shares pay USD 3.5. Tot = USD

7.00 for the cost of the transition.

I think, that the degressive fees are cheaper, am I wrong? Are there any other costs?

 

[Lee W 82]

There are some other fees, depending on which rate plan you choose. The fixed rate has some fees already included. The tiers, you pay them all, but you can get liquidity rebates. This thread may help.

 

Interactive Brokers - see post #4828

[Gianluca73 0]

Thanks lee.

I think the Tired plan is more cheaper. The cost of the transition should correspond, per 1000 shares, to 1 tick approximately. Right?

[toan0820 2]

I signed up with IB and Das two days ago and they never asked me to choose what kind of commision I want. Isnt' it strange?

[Lee W 82]

I opened my account online last week and I wasn’t sure if the application would ask. It didn’t. Once I logged in and went to Account Management>Settings, I was able to see that it was on the Fixed plan. I assume that’s their default. It is simple to change right there.