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lucas sam

25 Jun 2021

Stocks

Why are my interactive brokers commissions so expensive??

Hi so i was trading an etf on ibkr, its vwcg and its irish domiciled. im under the fixed pricing structure and its supposed to cost usd 0.005 per share minimum 1usd. i bought 2 shares of the etf at about 80usd per share and my commissions came to 5.33 usd. why is that so and does anyone have similiar problems as well also?? thanks

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Discussion (1)

Chris

24 Jun 2021

Owner and Writer at Tortoisemoney.com

USD0.005 per share min USD1 applies to US exchanges. For IBKR comms on UK exchanges (LSE), the comms are as follows:

The one that applies is the second last row, which is 0.05% of trade value where the minimum is USD5. The additional USD0.33 is likely from some taxes or clearing fees on the exchange end.

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