IB - non-US traders penalized under new futures plan

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Tradism

IB - non-US traders penalized under new futures plan (futures commission raised)

In fact IB raised its commission slightly in some places too. It removed the tier "1-300" and replaced it with "1-1000" tier.

Commission is higher for unbundled plans in nearly all currencies for the first 1000 contracts.

You pay 5 Euro/GBP/SGD more for the first 1000 contracts.
10 swiss franc
50 Swedish Krona
50 HKD
1000 Yen

Unchanged for AUD.

But you save 10 USD for the first 1000 contracts.

Good news for US traders but bad news for non-US traders.

This is a punishment to all non-US traders. Could IB please slightly reduce the commission so as to not penalize us under the new plan?
 
Euro

Old plan
First 300 contracts 225
301-1000 contracts 420
Total ___________ 645

New plan
1-1000 contracts 650

Conclusion: 5 Euro higher
 
British Pound

Old plan
First 300 contracts 165
301-1000 contracts 280
Total ___________ 445

New plan
1-1000 contracts 450

Conclusion: 5 GBP higher
 
Swiss Franc

Old plan
First 300 contracts 360
301-1000 contracts 630
Total ___________ 990

New plan
1-1000 contracts 1000

Conclusion: 10 CHF higher
 
Swedish Krona

Old plan
First 300 contracts 2100
301-1000 contracts 3850
Total ___________ 5950

New plan
1-1000 contracts 6000

Conclusion: 50 SEK higher
 
Hong Kong Dollar

Old plan
First 300 contracts 2100
301-1000 contracts 3850
Total ___________ 5950

New plan
1-1000 contracts 6000

Conclusion: 50 HKD higher
 
Japanese Yen

Old plan
First 300 contracts 45000
301-1000 contracts 84000
Total ___________ 129000

New plan
1-1000 contracts 130000

Conclusion: 1000 Yen higher
 
Quote from coolweb:

You are talking about $5-10 US here @ 1000 contracts.


go buy a cheeseburger
More...
Hey what's wrong with you? IB didn't inform us that it charged slightly higher now for non-US traders. Is it morally wrong just to open a post to remind and talk about this change, or rather side-effect?

So, in your opinion, ss it okay *not* to inform about the change simply because the percentage is small? What logic is it?

Or do you like the way how IB raises the prices silently each time it slightly alters the structure of the plan so long as the price rise is small?

After all I don't see why IB can't keep the commission unchanged after tier consolidation of the plan. And why coudldn't IB just inform us about the change when it happens?

BTW pennies make dollars like McDonald. McDonald raises the price bit by bit silently each time without notice. It may be small in each customer's viewpoint. But it means big in the company's viewpoint.
 
InteractiveB is a business,
Mcdonalds have been raising prices for 50 years from 10 cent burgers to 99 cents.
Prices will be raised. You can bet your money on that.
Its 1 cent per contract raise in 4 or 5 years.
<b>
trading commissions use to be $50 PER TRADe in the 90s. $100 PER TRADE in the 80s</b>
This is actually a damn deflation @ $2 per contract.


I didn't see your bitching posts when real estate jumped 300% in the past 5 years , thats something worth bitching about.
This price increase isn't even worth my reply lol.
ok bbl
 
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