Question regarding SEC Fees

S

Sanjuro

I have a friend who trades at a prop firm and he has a whole bunch of sec fees on his daily statements.
I trade at IB and I don't see those sec fees on my statement.

My question is if he has to pay sec fees because he's at a prop firm, or is it because he trades listed and i trade nasdaq, or is it because IB includes sec fees in their commission?

Thanks!
 
ib includes sec fee's in there commissions but who wouldn't charging an outrageous 1 cent. anyone who pays over .005 a share is getting ripped off but i guess if you trde 5k or less a day no big deal
 
Hey he gave the guy a fair honest answer. I pay a third of what you do so I will agree you are dumb. I think he is one of the nicer guys on here even. It comes down to what kind of volume you trade and what you need for that volume style. The free data IB gives you is like piss next to professional software. IB is perfect for a guy who wants to trade a lot of world markets and do 100,000 shares a month on US stocks.
 
Quote from brokerboy:

I will agree you are dumb. I think he is one of the nicer guys on here even.
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I was thinking that brokerboy and joeyboy are the same guy. They are always commenting on each others posts, they both post way too much for what they have to say, and their use of English terms like 'suck' is very consitent.
 
Quote from daliddleguy:

I was thinking that brokerboy and joeyboy are the same guy. They are always commenting on each others posts, they both post way too much for what they have to say, and their use of English terms like 'suck' is very consitent.
More...

It’s funny when a supper starts thinking. Are you mad that you’re in France or that you’re a supper or that you’re a loser or you doesn’t get tail? Are you mad that I pay a third of what you do? Why the attacking IB supper star?
 
SEC fee is a ratio of price of the stock. SEC changes it every now & then. higher price of the stock will result in higher SEC fee.

i believe SEC is fee is charged on selling of both NAZ & NYSE stocks.
 
Quote from brokerboy:

It’s funny when a supper starts thinking. Are you mad that you’re in France or that you’re a supper or that you’re a loser or you doesn’t get tail? Are you mad that I pay a third of what you do? Why the attacking IB supper star?
More...

You're right, I'm French, and although English is not my first language I have mastered it to some extent. Seems like more than you. Which begs the question, what is a 'supper'? I've been called a French bastard but never a supper. It is no wonder we French consider ourselves superior, just re-read your post.

Jean Maurice Fortier
Villefranche-sur Mer
 
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