You guys are so lazy, and with zero attention to detail.. See footnote 1 Plus the applicable exchange, ECN and/or specialist fees based on execution venue. https://www.interactivebrokers.com/en/index.php?f=commission&p=stocks2#02
I paid a total of $3,000 building up a 300,000 share block while providing liquidity. Hurts but what can you do?
I don’t mind paying if I am taking liquidity because IBKR can’t afford to pay $.003-$.005 per share. If I am providing liquidity things have to be different. If someone is patient there are free commission brokers who can get size off the offer or bid without sacrificing execution quality. Edit:Robinhood is not one of them.
IB is horrible for low-cost stocks. They're really only good for low quantity, high-priced stocks, otherwise the commissions get out of hand. This same order would cost you $20 round-trip on TD or RBC
My experience with IB is similar ......I got charged $268 for opening an account with a check for multiple stock entries. I was helped signing in by an IB representative. And I in no way did I check for multiple entries as I was exclusively trading futures. They would not let me talk with anyone about it so..........I CLOSED THE ACCOUNT. I think they have a lot of influence on Elite Trader as do other brokers. Elite Trader was a gem for getting information and help 10 years ago.