5 ms·
In general, the top reason to pick IB is for it's customizability and it's super low commissions. TOS/TDA has some of the highest commissions in the industry at
by hbosch 7y ago
In general, the top reason to pick IB is for it's customizability and it's super low commissions. TOS/TDA has some of the highest commissions in the industry at something like $7.95 per trade (before negotiating).
- brianpgordon 7y agoIB's commission structure is great if you trade frequently, but not for the average "sock money away in index ETFs for retirement" kind of investor.
- throwaway9d0291 7y agoHow so? Assuming you're buying say $3k of SPY each month, you'll pay $1/month. Why is that not great?
- brianpgordon 7y agoIf you have less than $100k in your account then you must spend at least $10/mo on commissions. If you fail to spend $10/mo then they'll just charge you the difference as an activity fee.
- throwaway9d0291 7y agoThat's true but I suspect most retirement accounts are worth the $100k.