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how does interactivebrokers compare to this in terms of cost? are there any hidden costs retail investors should be aware of?
by truthteller 13y ago
how does interactivebrokers compare to this in terms of cost? are there any hidden costs retail investors should be aware of?
- foobarqux 13y agoThe fees, listed on the website, are mostly transparent but complex. You must pay at least $10 in commissions each month or they charge you the difference. Depending on how much you trade this might be a deal breaker. There is also a minimum initial deposit. Virtualbrokers is another option with more choice of fee structure. I don't think they have a minimum monthly fee but they charge you for data.
- sseveran 13y agoIB is very competitive. IB encourages volume so I believe our FIX gateway has a minimum of $100 in commissions. IB's pricing structure is very transparent in terms of pricing. You can also get rebates passed back to you.