IB Commission question

Quote from OldTrader:

I'd change to unbundled immediately....there's no disadvantage other than an overnight charge, which if I remember correctly is $.10 per contract carried overnight. Even considering this $.10 charge if you carried something overnight, the unbundled commissions are considerably less expensive at your volume.

Later you can compare IB rates with other firms. Obviously you can find cheaper commissions. The question is whether these other firms are equal in other respects. Most are not as solid financially for example.

OldTrader
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Nopes not considering other brokers at all because of reasons you mentioned and some others.

Can someone please guide me on commision savings if I lease a NYMEX seat? Btw I am not a US national and trade and live in Pakistan
 
If you lease a seat, do you still get 60/40 long term/short term capital gains split? Leasing a seat may make trading your profession and subject you to ordinary income tax on trading gains as well as FICO tax at self employment rates. Not sure. Just something to watch out for.
 
Quote from Hurricane:

If you lease a seat, do you still get 60/40 long term/short term capital gains split? Leasing a seat may make trading your profession and subject you to ordinary income tax on trading gains as well as FICO tax at self employment rates. Not sure. Just something to watch out for.
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Members of futures exchanges get 60/40 treatment and are subject to FICA tax.
 
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