You guys are so lazy, and with zero attention to detail.. See footnote 1
- Plus the applicable exchange, ECN and/or specialist fees based on execution venue.
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commissions IB wants to charge me $1000 for a SINGLE trade
- Thread starter klattermusen
- Start date
You guys are so lazy, and with zero attention to detail.. See footnote 1
I paid a total of $3,000 building up a 300,000 share block while providing liquidity. Hurts but what can you do?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
I don’t mind paying if I am taking liquidity because IBKR can’t afford to pay $.003-$.005 per share. If I am providing liquidity things have to be different. If someone is patient there are free commission brokers who can get size off the offer or bid without sacrificing execution quality. Edit:Robinhood is not one of them.You guys are so lazy, and with zero attention to detail.. See footnote 1
https://www.interactivebrokers.com/en/index.php?f=commission&p=stocks2#02
- Plus the applicable exchange, ECN and/or specialist fees based on execution venue.
IB is horrible for low-cost stocks. They're really only good for low quantity, high-priced stocks, otherwise the commissions get out of hand. This same order would cost you $20 round-trip on TD or RBC
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
My experience with IB is similar ......I got charged $268 for opening an account with a check for multiple stock entries. I was helped signing in by an IB representative. And I in no way did I check for multiple entries as I was exclusively trading futures. They would not let me talk with anyone about it so..........I CLOSED THE ACCOUNT. I think they have a lot of influence on Elite Trader as do other brokers. Elite Trader was a gem for getting information and help 10 years ago.