facebookIBKR Fees - Seedly

Advertisement

IBKR Fees

Hi I just opened IBKR and executed my first trade but the commission fees doesn't look right.

​

For Currency Conversion I bought USD $2,873. IBKR fee is 0.02% which means the commission should be 0.02% * 2873 = 0.5746. Since this is lower than the minimum USD $2, shouldn't my final commission fee be $2? Why is it $2.94

Even if it's shown in SGD, USD $2 = SGD $2.75 at the time of writing this.

​

The fee when I bought VUAA also doesn't look right but I'd like to settle it one-by-one. Thanks for any comments!

Discussion (5)

What are your thoughts?

Learn how to style your text

thefrugalstudent

Edited 14 Nov 2022

Founder at thefrugalstudent.com

GST of 7% is applicable on all fees charged by brokerage platforms.

​

2.75 * 1.07 = 2.94

View 4 replies

Write your thoughts

Advertisement