Fixed or Tiered Commission for Futures Trading on IB?

T

Takeprophet

I am trading the NQ and ES e-mini futures on IB and finding that I am paying almost $2 per contract on the tiered commission plan. I was under the impression that tiered commission might be cheaper.

The tiered commission plan says that it adds regulatory, clearing, etc fees on to a base commission, but IB does not say how much those add up to be and I can't find any info on it at all. These fees seem to be very non-transparent. When I run a daily statement, all I see is the total "comm/fee."

The fixed commission plan advertises a flat rate. However, will I also have to pay regulatory, clearing on top?

So, for the futures traders on IB, how many futures contracts do I have to trade for the tiered commission to be a better deal?
 
per contract you have to pay
*$1.16 ($0.40 clearing plus $0.76 globex) to the exchange
*$0.01 to the NFA
*plus commissions (between $0.85 and $0.25) to IB
*if you have a tired plan then you may be charged a fee (between $0.00 and $0.10) for holding overnight positions, it depends on you margin usuage
 
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