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Interactive Brokers - fixed vs. tiered commissions
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Topic: Interactive Brokers - fixed vs. tiered commissions (Read 6524 times)
Kalergie
Stubble
Posts: 221
Interactive Brokers - fixed vs. tiered commissions
«
on:
May 08, 2017, 04:10:21 AM »
Hi.
I am currently using IB with their fixed commission model. When I first opened the account, I was quite a novice DIY investor and did not want to make any mistake. So I just went with the simple fixed model. I barely ever incur more than a 1.00USD in fees per trade when I top up with around 20-30K USD per quarter. This is nice. But since optimization, efficiency and curiosity is in my blood I can't help but wondering if I should go for the tiered model instead. On paper, it seems cheaper. But I might have missed something. I would love to hear your opinions.
Both models are well documented here:
https://www.interactivebrokers.com/en/index.php?f=commission&p=stocks2
Does anyone use IB's tiered pricing model rather than the fixed one?
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Financial.Velociraptor
Handlebar Stache
Posts: 2079
Age: 51
Location: Houston TX
Devour your prey raptors!
Re: Interactive Brokers - fixed vs. tiered commissions
«
Reply #1 on:
May 08, 2017, 10:03:03 AM »
I find IB fixed model is already so cheap it isn't worth chasing a few pennies to try to optimize. Also, I mostly trade options and that has a separate commission structure.
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Kalergie
Stubble
Posts: 221
Re: Interactive Brokers - fixed vs. tiered commissions
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Reply #2 on:
May 09, 2017, 12:39:13 AM »
Agreed! I'll stick to Fixed. Thanks for your opinion.
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Interactive Brokers - fixed vs. tiered commissions