IB fees for e-minis?

B

bourbon

Good morning all :D

I obviously visited IB's website and looked at all the fees, but didn't quite understand everything.

Let's say I want tp purchase (1) e-mini contract of (1) "NQ" trading at 1477.

What will be my total costs for that transaction under a non-professional individual account?

I don't ask IB because they prefer experienced traders, and will frown upon me :(

If I do buy an e-mini, I plan on liquidating it on the same day, what fees will I inccur then?

Thanks guys.
 
Quote from bourbon:

Good morning all :D

I obviously visited IB's website and looked at all the fees, but didn't quite understand everything.

Let's say I want tp purchase (1) e-mini contract of (1) "NQ" trading at 1477.

What will be my total costs for that transaction under a non-professional individual account?

I don't ask IB because they prefer experienced traders, and will frown upon me :(

If I do buy an e-mini, I plan on liquidating it on the same day, what fees will I inccur then?

Thanks guys.
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If you feel they don't appreciate your business then why give them the business. there are other firms with rates just as good if not better.
 
Quote from Truff:

If you feel they don't appreciate your business then why give them the business. there are other firms with rates just as good if not better.
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Because they don't need me, but I need them, so I "bow" before them, and sometimes even "tremble".

Do you know of any other places that treat canadians well? Most other places won't even let you write Canada in the country field.... I won't bother hoping them sending me my required annual forms....
 
Quote from bourbon:

Because they don't need me, but I need them, so I "bow" before them, and sometimes even "tremble".

Do you know of any other places that treat canadians well? Most other places won't even let you write Canada in the country field.... I won't bother hoping them sending me my required annual forms....
More...
which part of Canada?
 
Quote from abducens:

It is 1.65 for each side of the trade =$3.30 per contract fo ES and NQ.
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thank you so much, so that is how much in fees it will cost me, now, how much would the NQ at 1477 cost me?

1477$ + 1.65$ to buy 1 share ?
 
IB is not that scary after all :p You will pay commissions plus you need to have enough money to cover maintenance margin which is currently $3000. I would definitely recommend you to play with demo account for some time and to read more about futures before a real trading.
 
Quote from joeyata1:

since when i ib $3.30 rountrip for the es? i traded today and as far as i can see its $4.80 rountrip
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their website says otherwise, but I'v read numberous (and recent) accounts on eltiretrader where they say it is $4.80

so don't be alarmed, but if you trade a lot, perhaps you can negotiate your price
 
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