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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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Chris
24 Jun 2021
Owner and Writer at Tortoisemoney.com
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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.