commissions IB wants to charge me $1000 for a SINGLE trade

klattermusen

klattermusen

Ok - so I may have not read that fine of a print but it's pretty shocking.

I was interested in purchasing 100,000 shares of a Canadian stock (SCR.TO) and it appears IB wants to charge me $1000 for this trade. Its a simple trade and most online competitors charge $20 or less.

I don't want to go thru the hassle to change yet...but has anyone got ideas of why IB charge so much.....

I'm in Canada currently...and the same trade if it was an american stock - IB would actually charge $500.

What planet is IB on with these commissions lol
 
klattermusen said:
Ok - so I may have not read that fine of a print but it's pretty shocking.

I was interested in purchasing 100,000 shares of a Canadian stock (SCR.TO) and it appears IB wants to charge me $1000 for this trade. Its a simple trade and most online competitors charge $20 or less.

I don't want to go thru the hassle to change yet...but has anyone got ideas of why IB charge so much.....

I'm in Canada currently...and the same trade if it was an american stock - IB would actually charge $500.

What planet is IB on with these commissions lol
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A penny per share. That's not reasonable?
 
klattermusen said:
Ok - so I may have not read that fine of a print but it's pretty shocking.

I was interested in purchasing 100,000 shares of a Canadian stock (SCR.TO) and it appears IB wants to charge me $1000 for this trade. Its a simple trade and most online competitors charge $20 or less.

I don't want to go thru the hassle to change yet...but has anyone got ideas of why IB charge so much.....

I'm in Canada currently...and the same trade if it was an american stock - IB would actually charge $500.

What planet is IB on with these commissions lol
More...

Would it be free with Robinhood ?

wrbtrader
 
They need to improve on the Canadian Side. Definitely need access to the CSE exchange and TSX listed debentures. They're killing with growth though so maybe they will introduce once they have enough scale.
 
Turveyd said:
It is when the Shares only cost £0.0005 so £50 ie $65 LOL If I've got the right share price, then I'd suggest not taking this trade LOL
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That was kind of my point. But since this is an IBKR subforum, I didn't want to push the issue.
 
There you go it took me 30 seconds to look this up.. https://www.interactivebrokers.com/en/index.php?f=1590&p=stocks1
upload_2021-1-11_23-40-4.png
 
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