100 shares / fee > exceeding 1$....

[HobbyTrading]

But if its not listed on the June statement, then what else can I do.

I have no experience with tiered commissions, so I don't know. I would suggest that you ask IB about the "delay time" between you incurring those costs and them reporting it. I did notice that for reporting interests paid/charged there is quite a long delay. For example: the overview received at the end of June had the interest for May calculated. So more than one month delay.

 

[NoahA]

I have no experience with tiered commissions, so I don't know. I would suggest that you ask IB about the "delay time" between you incurring those costs and them reporting it. I did notice that for reporting interests paid/charged there is quite a long delay. For example: the overview received at the end of June had the interest for May calculated. So more than one month delay.

Crap, so I could be in for quite a shock! I think by the end of July, it will have been more than a month since day trading these ETFs, so by then it should be clear. I can't imagine they can charge fees for something from more than 2 months ago.

 

[murray t turtle]

So the trade commission is better (i.e. lower) on a tiered pricing. But how about the regulatory, exchange and clearing fees and so on? I assume that IB charges those at the end of the month. And therefore that those costs are not immediately visible when a trade is executed.

%%
Most likely.
SCHW puts them[SEC exit fee]on my printed monthly statement[ under '' exchange fees/interest column'']
DONT think the SEC exit fee is $00.34 on $15 k, but its possible they went up that much?
[I get my June paper statement about 5-12 days in to JULY.
SEC fee is exit only+ i think they did have an exit fee increase by JUNE.[Link somewhere on elitetrader.com]

 

[NoahA]

%%
Most likely.
SCHW puts them[SEC exit fee]on my printed monthly statement[ under '' exchange fees/interest column'']
DONT think the SEC exit fee is $00.34 on $15 k, but its possible they went up that much?
[I get my June paper statement about 5-12 days in to JULY.
SEC fee is exit only+ i think they did have an exit fee increase by JUNE.[Link somewhere on elitetrader.com]

Thanks for the details. I will update this thread if anything appears on the June statement. But I already saw my June statement and it wasn't there. But perhaps its not the final copy as I have no idea since my only experience is trading futures.

 

[murray t turtle]

Thanks for the details. I will update this thread if anything appears on the June statement. But I already saw my June statement and it wasn't there. But perhaps its not the final copy as I have no idea since my only experience is trading futures.

%%
I just saw mine today;
+ saw a way[earlier in year] for me to get ripped off tax wise on DBC. But it was in a Roth, so no harm done.
SEC fee may have gone up as much as mr morgan posted on IBKR MSFT order anyway. These brokers maybe have some discretion , if they bust up an order same day as to how much SEC fee[exit] they actually charge..........................................I never got messed up SEC fee taking my daytrade profit\ even though i could have on starting position on SH in MAY,2022