IB's new US equity commission

hajimow · Oct 25, 2005

when you look at the rates, also watch out hidden rates!!. Those rates might kill you. IB has no hidden rates. I am extremely impressed by my option fills. I assume their customers will increase by 20% just because of this rate decrease.

BSAM · Oct 25, 2005

Quote from mktman:

Left IB few years ago because it was soo unstable. Not reliable.

Good luck.

Mktman.....

Since the World Series is underway, I'll put it like this: Dude, you're so far off base, you oughta be thrown out!

mktman · Oct 25, 2005

BSAM:

Relax.
If you had my troubles when I was with them you would have left too.
Are you saying IB has no faults?

BSAM · Oct 25, 2005

Quote from mktman:

BSAM:

Relax.
If you had my troubles when I was with them you would have left too.
Are you saying IB has no faults?

Nope. Go ahead and name one that doesn't. (Uh...I am relaxed.)

mktman · Oct 25, 2005

Now who's way off base .
LOL

stock777 · Oct 25, 2005

Quote from mktman:

BSAM:

Relax.
If you had my troubles when I was with them you would have left too.
Are you saying IB has no faults?

Some clown on another thread complaining 1/2 second execution time with hot keys is too long.

You guys dont even trade, you just lurk here and talk nonsense.

mktman · Oct 26, 2005

Problem isnt we dont trade rather its we dare say something against IB.

Then the clowns respond.

candletrader · Oct 26, 2005

IB is leading the way... if other brokers don't respond, those other brokers will die...

pev · Oct 27, 2005

What does '@ USD 50' and '@ USD 2' mean?

1,000 Shares @ USD 50 Share Price
= USD 7.50
1,000 Shares @ USD 2 Share Price
= USD 4.00

If I trade 1000 shares would I pay $4?

Should it not be $3.50 for 1000 shares? ($1 for the first 500 and .0005 for the rest?)

Thanks!

JackR · Oct 27, 2005

Quote from pev:

What does '@ USD 50' and '@ USD 2' mean?

1,000 Shares @ USD 50 Share Price
= USD 7.50
1,000 Shares @ USD 2 Share Price
= USD 4.00

If I trade 1000 shares would I pay $4?

Should it not be $3.50 for 1000 shares? ($1 for the first 500 and .0005 for the rest?)

Thanks!

As of Nov 1st. All shares are 1/2 cent ($0.005) per share, no matter what quantity. Share price does not matter. There is a minimum commision of $1.00.

Therefore, 1 to 200 shares at any price per share = $1.00.

Over 200 = number of shares x .005 = commission.
Thus, 1000 x .005 = $ 5.00
2000 x .005 = $10.00

Jack