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For european instruments, Saxo bank is a good replacement. Maybe also for american instruments, but I did not check.

I think traders are more calculated so they phase out and look for a new broker rather then just emotionally closing positions. The same way, good tarders manage their positions so that the 'unlikely' scenario of the exposure fee will never happen. My self, I have not posted any trades on IB...

You can use this tool: http://twsstart.free.fr/index.html However, still you need to log in TWS for the random code (or turn that off).

You will get charged, only on the stress test, you can only see it one day later..... It's a simple calculation, that's why it takes so long to calculate. :-)

Most people will do that to compensate for the additional cost. So the only winner is IB, while for all traders the risk incraeses

I think they will still charge you the fee because you still have the obligation and thus exposure regardless the daily settlement. It is all about getting more fee.

You are of course right, but IB imposed this fee with only a week notice. Need some time to close the positions. This fee is totally ridiculous as it only focuses on overnight risk and it treats all instruments the same. 30% risk for an index or index based instruments (like SPY) is crazy

No fee on the report does not mean no fee. The fee is sometimes added later. It is important to see if you have a number in the 30% scenario on the exposure line. If there is a number, a fee will be charged based on that number.

This is hard to calculate as it depends on how much your options are OTM from the start. I guess that you have to keep your margin level for the options below approx 20% of the portfolio value to avoid the fee. It is not an exact science because ATM options are hit less then OTM options, even...

I think they change you for every trading day. Not sure how that exactly is defined... as exchanges are not always open on the same days. They charged me some 15 EUR.

This is the explanation from IB for the fee.. It is just to make you aware of a unlikely event..... So no additional guarantees for anyone...... The charge will be calculated every day based on the previous day exposure. If you close today a position and you have no exposure anymore...

You can use the risk analysis tool. You should add a column in the equity tab: insert column > 'plot data column' > select custom and make it 30%. Ironically, IB standard only has 15% as the maximum in the list .....

I'm also a LT client with several accounts. I just do not want to be naive and sit too long.

I understand his problem. IB just changes things onesided without full information and no proper pre consultation or investigation. It is similar to the exposure fee implementation, which is just impelmented with a week's notice. This fee will cost much more than any commissions for the people...

Yes, the fee is exponential. It 'doubles' for each additional million, roughly.

It is not really a good deal (I assume you also see that). You cannot buy a house for it. You just that have a stable situation and then someone says 'lets pretend I have loaned you mlns more and charge you a fee for that'. If you look at interest, IB has also started a trick with what they...

I understand you reasoning, but do not expect IB to have any extra risk 'pot'. They will just comply with the regulations just like any other broker. This additional fee will just be added to the profit and then they distribute that as dividend to the owner(s). No additional security for us...

I fully agree. If it to reduce risk, change the margin requirements. With the auto close option of positions at IB, the risks should be very low because when the margin requirements (already now) will not be met (and thus trigger auto close of positions) this will happen long before the...

This is totally new and a fee that will be introduced as per the end of next week. One more remark on it. IB suggest that you can add money to your account to avoid the charge. However, to compensate for the (large) exposure they calculate, you will have to add a lot of cash in such a way that...

You might like the extra fee. I do not. It is calculated very arbitrary. the 30% is just a guess and they can change it tomorrow. The calculation often results in an exposure value that is like 10 times or more the normal margin value. You should not forget that if they make it say 40%...