4 ms·
It's not $5 a trade. Look at IBKR rates; most US trades are well under a dollar.
by akvadrako 6y ago
It's not $5 a trade. Look at IBKR rates; most US trades are well under a dollar.
- paulgb 6y agoIt looks like on their pro product $1 is the minimum, so most retail trades would be $1 but not well under that. Their “lite” offering is free but subsidized by PFOF.
- akvadrako 6y agoLook here: https://www.interactivebrokers.com/en/index.php?f=1590&p=stocks2 https://www.interactivebrokers.com/en/index.php?f=1590&p=sto... USD 0.0035 / share, min $0.35 / trade.
- paulgb 6y agoThanks, you're right. I was looking at their "fixed" price structure, I wasn't aware that "tiered" was an option. You've actually changed my mind on this; eliminating PFOF wouldn't be as bad for retail customers as I initially thought.