Interactive Brokers

This is a discussion on Interactive Brokers within the Brokerages forums, part of the Commercial category; Hi I am interested in opening an account with IB 1) Will I be charged 6 pounds to buy and ...

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Old Aug 14, 2008, 7:14pm   #1089
 
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Joined Aug 2008
Hi I am interested in opening an account with IB

1) Will I be charged 6 pounds to buy and then 6 pounds to sell stocks?
2) In the US don't you give them a price per stock lower than the actual price as commision , why does that not apply with the UK since it would be ideal for a starter trader like me?
3) What monthly fees are there and other fees that are not directly your commision?
4) Does it cost to hold stocks overnight?

Thanks
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Old Aug 20, 2008, 7:12am   #1090
 
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Joined Aug 2008
Quote:
Originally Posted by hendrix123 View Post
Hi I am interested in opening an account with IB

1) Will I be charged 6 pounds to buy and then 6 pounds to sell stocks?
2) In the US don't you give them a price per stock lower than the actual price as commision , why does that not apply with the UK since it would be ideal for a starter trader like me?
3) What monthly fees are there and other fees that are not directly your commision?
4) Does it cost to hold stocks overnight?

Thanks
comission is based on how many shares you purchase subject to a minium, check their website. not sure what you mean in point2? monthly fees are subject to what exchanges you subscribe to for data, and it only costs to hold stocks overnight if your using leverage which will typically cost you LIBOR + 1.5%
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Old Aug 28, 2008, 9:32am   #1091
 
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Joined Aug 2008
copper, nymex

hi.
does IB offer futures & options trading on nymex copper contracts?
marq88 is offline   Reply With Quote
Old Aug 28, 2008, 12:48pm   #1092
Joined Mar 2008
You can look it up: Contract Information Center
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Old Aug 28, 2008, 9:57pm   #1093
Joined Apr 2003
please help.
over last month i lost a fair bit, but havent traded.
i trade usa only
they say it currency charges and i havent exchanged. i always thought they automatically changed. as my base account in pounds and i only trade usa shud i change my base currency to dollars.
how to i negate all the exchange rates
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Old Aug 29, 2008, 8:22am   #1094
Joined Jun 2006
just saw this on my statement. wtf is it?
EUR: 2008-08-27, 20:20:00 ORDER CANCELLATION FEE -0.50
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Old Aug 30, 2008, 12:09am   #1095
Joined Apr 2008
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Originally Posted by wiseass View Post
just saw this on my statement. wtf is it?
EUR: 2008-08-27, 20:20:00 ORDER CANCELLATION FEE -0.50
Some exchanges have a cancellation fee for orders. It's all in the fees schedule somewhere...
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Old Sep 1, 2008, 7:02pm   #1096
Joined Sep 2007
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Originally Posted by wiseass View Post
just saw this on my statement. wtf is it?
EUR: 2008-08-27, 20:20:00 ORDER CANCELLATION FEE -0.50
Never never use SMART routing for option orders with limit not immediately executable.

Route it to BOX or PSE, then only 0.10 cancelation/modify fee.

The other otion markets are too expensive.

I wonder how Etrade does this: there I could change without any fee, of course the cost per trade is higher.

I guess your 0.5 comes from Eurex.

Only use SMARt if you want to buy/sell at current ask/bid

Last edited by wmbelg; Sep 1, 2008 at 7:23pm.
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Thanks! The following members like this post: Trader333 , superfly
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