Quick IB Commish Question

Quote from antincedo:

what would be commission on 3000 shares of sso with IB roughly?? they are closed =[
$1 per hundred on the first 100 and .50 per hundred on the rest.
 
damn, so 15.50 then i get out so thats $31.. ive been using scottrade but there market orders are horrible.. anyone cheaper?

is that round turn?
 
Actually the commission is $.50 per hundred. Commissions are on their webpage. Where $1 comes in is that is the minimum.

OldTrader
 
Quote from antincedo:

so ib is 30$ round trip, that sounds like a lot... any places cheaper?

Keep in mind you can scale in and out for THAT AMOUNT at different prices.

Flat fee brokers force you to trade at one price to get one commission.
 
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