You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Retail firm without the $1 minimum commission on stock orders?
- Thread starter bellman
- Start date
Quote from Bob111:
IB unbundled. just sell at ask and buy at the bid
I think he means Cost-Plus at IB.
It depends on the volume you trade, but if using only limit orders (adding liquidity), you'll probably be well under $1. I'm not sure if the cost-plus has the same minimum though for a small number like 100 shares.
Quote from braincell:
I think he means Cost-Plus at IB.
It depends on the volume you trade, but if using only limit orders (adding liquidity), you'll probably be well under $1. I'm not sure if the cost-plus has the same minimum though for a small number like 100 shares.
yeah..i guess...that's how they use to called it..unbundled..like 5 years ago maybe( not visiting IB's site very often)
0.7 minimum. read this
http://individuals.interactivebrokers.com/en/p.php?f=commission
# [1] Volume tiers are applied based on monthly cumulative trade volume summed across all stock and ETF shares at the time of the trade. Only shares that are traded while under the Cost Plus pricing structure will count towards the monthly volume. Share volumes for advisor, institutions, and broker accounts are summed across all accounts for the purpose of determining volume breaks. These fees are applied on a marginal basis for a given calendar month. If for example, you execute 500,000 US shares in a month, your IB Cost Plus fees would be:
* 300,000 shares at USD 0.0035
* 200,000 shares at USD 0.002
# [2] USD 0.35 minimum per order for monthly volume exceeding 100,000,000 shares.
USD 0.70 minimum per order for monthly volume up to 100,000,000 shares.
# [3] CAD 1.00 minimum per order.
# [4] Transaction fees are only charged for sell orders.
# [5] No exchange, clearing or transaction fees charged.
here is small example from today(those who keep saying that i was wrong about HFT and their BS games -keep your eye on odd lots like 1-2-10-30 shares-do you seriously believe that i'm idiot,wasting comish to buy 1-10 shares? those are the winning trades,where i didn't get filled . not one, but ALL of them. this is a one little perfect example of what i was describing in some other thread about HFT)
those who actually DO DAY TRADE know this. those who don't-keep saying it's all BS and HFT is good and do provide fair market and liquidity. yeah..right..until you run into it. and i do this every day 10's times a day
those who actually DO DAY TRADE know this. those who don't-keep saying it's all BS and HFT is good and do provide fair market and liquidity. yeah..right..until you run into it. and i do this every day 10's times a day
Attachments
Quote from Bob111:
here is small example from today(those who keep saying that i was wrong about HFT and their BS games -keep your eye on odd lots like 1-2-10-30 shares-do you seriously believe that i'm idiot,wasting comish to buy 1-10 shares? those are the winning trades,where i didn't get filled . not one, but ALL of them. this is a one little perfect example of what i was describing in some other thread about HFT)
those who actually DO DAY TRADE know this. those who don't-keep saying it's all BS and HFT is good and do provide fair market and liquidity. yeah..right..until you run into it. and i do this every day 10's times a day
Why don't you send All or None orders instead?
Quote from rolan***7:
Why don't you send All or None orders instead?
have you tired that? AON orders have even less chance of any execution. at least with basic limit order i can get some shares.
spend some time and read AON description:
For orders using the All or None (AON) attribute, IB will typically route to the native exchange, or hold the order if the AON order type is not supported by the primary exchange. When held, IB will attempt to simulate the order as follows:
* For US stock orders: The NBBO must qualify limit price AND the NBBO size must be equal to (or greater than) the order size + 1000 shares.
http://www.interactivebrokers.com/en/trading/orders/aon.php?ib_entity=llc