Cheaper IBKR commissions

optionsgambler

optionsgambler

I have used IBKR for a long time and mostly like them. A few of my orders sometimes have insane commissions though. For instance I took out the ask on penny wide ford with 10000 shares and I think the order was around $40 in commissions. I paid nearly 10k in commissions last year. Is it worth it to stick with IBKR? I feel really great about them sometimes but for like 5% of my trades it feels like the commissions are stupidly high. Any thoughts on how I can get cheaper commissions?

If I were to do an order of the same dollar value on say amzn, the commissions would be close to 0
 
Smart routing can/will make a difference and do note if you provide liquidity you will often get a rebate. Of course if you use margin the savings at IBKR could be a large multiple of your commissions costs.
 
That's nothing.
(USD, SMART)

bonkers.png
 
I don't want to be here and I certainly don't want to start a new thread, so I apologize it it's off topic a bit.

I couldn't find my login for my old IB account and I pulled every dime so it was probably closed... so I open a new account for 2021 and fund with 1.5. Account goes live on Monday. For some reason they don't force approval for all products at inception so I apply for approval on vol (Feb1). Third day and nothing. I go for approval on futures but have to wait for permissions on vol.

Nothing after 48 hours. I wired out a minute ago.

FU IB.
 
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