IB fees too expensive for Australia and Japan

[abnormal]

Possible that there are no ceilings on commissions in these 2 markets?

can you suggest me a competitor?

 

[zdreg]

are you sure that you are not mixing up commissions and fees imposed by the exchanges?

 

[rb7]

What type of 'fees' are you referring to?

 

[zdreg]

just a guess.

 

[abnormal]

What type of 'fees' are you referring to?

tiered 0,05%+fees of exchanges

fixed:

tiered:

moving about a value of 1/2 million dollars i pay a lot of commissions a day. I trade in lots of around 100k $

 

[zdreg]

tiered 0,05%+fees of exchanges

.0005 sounds reasonable. I doubt you will do better unless you are working for a co.

 

[d08]

.0005 sounds reasonable. I doubt you will do better unless you are working for a co.

It's per trade value, not per share. Comes out to quite a bit more.

 

[zdreg]

It's per trade value, not per share. Comes out to quite a bit more.

I understand. the quite a bit more depends if you are trading very high price stocks vs. avg. priced stock, for example say in $US -whether it is $100+ vs. $15 price of the stock.

 

[abnormal]

In Europe we have the best commissions (as a structure). We have brokers who make us trade from 0-500,000 euros with 1.5 euros commission. Italian stock exchange requires only € 0.4.

Having said that, do you have any advice for meernational broker to trade on australia and japan?

Does Nomura offer access to ratail? do you know their commissions?

 

[JackRab]

I think IB would still be amongst the cheapest. Australia is generally expensive because of all kinds of regulations and red tape shite... Don't know about Japan.
I mainly trade futures... SPI (asx200) is also double the cost of other futures.

Do you only trade stocks? 800+ Aud for a 500k round trip is a bit much indeed.... adds up in daytrading.