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

metrodream said:
stil do not understand how they get to 1.52$ commission for 100 shares. Regulatory fees are max. 2 cents for 100 shares. I will send a ticket over to them....
I used https://www.interactivebrokers.com/en/index.php?f=49637 to get IB commission information....
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cant stand it anymore. the pinheads here are useless, as usual

SEC fee is 34 cents on 15000

Pitiful big daddy the only one who could figure it out. The rest of ya suck
 
JackMorgan said:
cant stand it anymore....
SEC fee is 34 cents on 15000
could figure it out.......................
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%%
I dont think that's the complete answer for him\ but i only looked @ his overlarge MSFT order compared to AAPL...............................................................................
Its his first post, thats why its good to correct him if we think his MSFT was too big?? Probably was since he did not reply to that part.:caution::caution:
 
This is from IB. On fixed rate, here were my fees for anything from 25 shares to 50. Always $1 or slightly higher.

2022-07-09 1113.55.png


When I switched just 2 days later to tiered pricing, here is what I ended up paying. Note that sometimes a 100 share lot was 37 cents, about the same price as only 25 shares. There is a 100 lot in there also for 23 cents, and a 200 lot for 45 cents. Vastly better than fixed pricing even if it is all over the place depending on various factors.

2022-07-09 1115.44.png
2022-07-09 1116.19.png
 
NoahA said:
This is from IB. On fixed rate, here were my fees for anything from 25 shares to 50. Always $1 or slightly higher.

View attachment 288753

When I switched just 2 days later to tiered pricing, here is what I ended up paying. Note that sometimes a 100 share lot was 37 cents, about the same price as only 25 shares. There is a 100 lot in there also for 23 cents, and a 200 lot for 45 cents. Vastly better than fixed pricing even if it is all over the place depending on various factors.

View attachment 288754 View attachment 288755
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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.
 
HobbyTrading said:
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.
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Good question. June was the first month I started trading these ETFs after only trading the micro futures before. Looking at my June statement, I don't see anything other than the commissions column and also data fees. But I should look into this more as I do remember reading something about this somewhere. I'm not in the US, so I wonder if this can also be a factor.
 
NoahA said:
Good question. June was the first month I started trading these ETFs after only trading the micro futures before. Looking at my June statement, I don't see anything other than the commissions column and also data fees. But I should look into this more as I do remember reading something about this somewhere. I'm not in the US, so I wonder if this can also be a factor.
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It is the small print at the bottom of the page: https://www.interactivebrokers.com/en/index.php?f=49637
At the upper right hand, in the blue box, you can select the region to find the exchange of your interest.
 
HobbyTrading said:
It is the small print at the bottom of the page: https://www.interactivebrokers.com/en/index.php?f=49637
At the upper right hand, in the blue box, you can select the region to find the exchange of your interest.
More...
Yes, I do see third party fees listed, but I didn't see anything on the June statement, but will look closely when the July statement is ready.

It is a bit troublesome because the actual fees that I show above are much lower than what it suggests as minimum per order. But if its not listed on the June statement, then what else can I do.
 
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