I am paying $15.95 per side for 10 options contract with IB and don't really know why

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Opcodes

I am paying $15.95 per side for 10 options contract with IB and don't really know why.

i wanted to buy IBKR stocks and sold 10 puts as a noob in options I don't understand why I am overpaying as I thought the maximum is $1/contract per contract per side.

I am open to other brokers though as i felt ripped off
 
Why don't you wait for a reply before whining and being a cry baby?
Didn't you think to go to customer chat before coming to ET?
 
Go to TOS..
Better platform for a noob.
You will pay apx .65

Opcodes said:
I am paying $15.95 per side for 10 options contract with IB and don't really know why.

i wanted to buy IBKR stocks and sold 10 puts as a noob in options I don't understand why I am overpaying as I thought the maximum is $1/contract per contract per side.

I am open to other brokers though as i felt ripped off
More...
 
Opcodes said:
I am paying $15.95 per side for 10 options contract with IB and don't really know why.

...sold 10 puts as a noob...
More...
At IB, it's about the average comm. per side.

After several/many trades, your average comm. per side will come way down.
 
taowave said:
Go to TOS..
Better platform for a noob.
You will pay apx .65
More...

TD pricing here LoL

  • Stocks
    Trade unlimited shares for a flat commission of USD$10.65 per trade.
  • Options
    USD$0.81 per contract plus USD$10.65. Option commissions are waived when you buy to close any short individual or single leg option for USD$0.05 or less.
 
Opcodes said:
TD pricing here LoL

  • Stocks
    Trade unlimited shares for a flat commission of USD$10.65 per trade.
  • Options
    USD$0.81 per contract plus USD$10.65. Option commissions are waived when you buy to close any short individual or single leg option for USD$0.05 or less.
More...


  • No Taking liquidity and fees.
  • Might be cheaper than IB.
 
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