IB Exposure Fee

darwin666 said:
the only thing this does is.. GIVES ME STRESS. no need to go and run the STRESS TEST report.
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If this gives you stress why don't you use another broker? No one is forcing you to use IB. There are plenty of good brokers that dont charge an exposure fee.
And IB will push the limits of their exposure fee to see how much extra profit it can extract from customers.
 
MarketOwl said:
If this gives you stress why don't you use another broker? No one is forcing you to use IB. There are plenty of good brokers that dont charge an exposure fee.
And IB will push the limits of their exposure fee to see how much extra profit it can extract from customers.
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This means that, since whevever IB want, they can charge any extra fee, one should prepare whenever he want to move. I mean that we should always prepare other broker, for worst case possible.

Do not addicted to ONE BROKER. It can betray you anytime.
Also good to open other accounts, at least two or three, including API cusomization.
 
So I put on another position Thursday morning 7-3-14 and the risk stress test for 7-3-14 indicates that an exposure fee should be charged for that date. Yet, once again, I'm not charged an exposure fee on my daily statement for 7-3-14. This daily statement clearly shows the new position, commission fee and new balances.

I don't understand why some are being charged the exposure fee and not others.
 
NeutronJuan said:
So I put on another position Thursday morning 7-3-14 and the risk stress test for 7-3-14 indicates that an exposure fee should be charged for that date. Yet, once again, I'm not charged an exposure fee on my daily statement for 7-3-14. This daily statement clearly shows the new position, commission fee and new balances.

I don't understand why some are being charged the exposure fee and not others.
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Wait another day, it will come. I have seen it for 7/1, 7/2 and 7/3
 
I now got chared for 7/3 and 7/5. Did anyone trade on 7/5?????
It's a saturday in my view. This implementation of the fee is totally messy and unacceptable .
 
no 7/5 yet :confused:
here are the dates that I been charged since the fee has been implemented.
I carry the same position overnight everyday.

the "who knows when it will be charged" fee:

2014-06-13 Exposure Fee, Equity for 20140612
2014-06-16 Exposure Fee, Equity for 20140614
2014-06-17 Exposure Fee, Equity for 20140616
2014-06-30 Exposure Fee, Equity for 20140628
2014-07-01 Exposure Fee, Equity for 20140630
2014-07-02 Exposure Fee, Equity for 20140701
2014-07-03 Exposure Fee, Equity for 20140702
 
It would be interesting to see if you will be charged 7/5 (or 7/4) as exchanges were closed and it is unclear how this is handled......:confused:

The when ever, what ever fee...... terrible.
 
Gldr said:
It would be interesting to see if you will be charged 7/5 (or 7/4) as exchanges were closed and it is unclear how this is handled......:confused:

The when ever, what ever fee...... terrible.
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US stock exchanges were closed on 07/04, but CME/GLOBEX was open for holiday hours. The rest of the world was also open for trading.
 
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