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Commission - assetList #468892
10/26/17 08:45
10/26/17 08:45
Joined: Mar 2017
Posts: 65
G
Ger1 Offline OP
Junior Member
Ger1  Offline OP
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G

Joined: Mar 2017
Posts: 65
Could anyone clarify what exactly to type in for stock/etf commissions under a certain assetList?

According to the manual:

Roundturn commission in units of the account currency per 10000 contracts for currencies, and per contract for all other assets. The trade profit is reduced by this amount.

I've checked IB's website for commissions and found following:

https://www.interactivebrokers.com.au/en/index.php?f=1590&p=stocks1

Does that mean that I've to use 0.005 in the commission column for AssetsIB (USD 0.005 per share) or 1 (which is the minimum order)?


Also, what I don't understand, why does the included AssetsZ8 assetList have 0.02 under commissions?

Thanks.

Re: Commission - assetList [Re: Ger1] #468945
10/28/17 20:01
10/28/17 20:01
Joined: Mar 2017
Posts: 65
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Ger1 Offline OP
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Ger1  Offline OP
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Joined: Mar 2017
Posts: 65
Anyone got an idea?

I really got stuck with this ...

Re: Commission - assetList [Re: Ger1] #468953
10/29/17 11:38
10/29/17 11:38
Joined: Apr 2008
Posts: 586
Austria
Petra Offline
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Petra  Offline
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Joined: Apr 2008
Posts: 586
Austria
I use 0.01 for stock commissions, because its buy+sell, so its 2*0.005. When you buy less than 100 stocks you must increase the commission so the position has at least $1 commission:

if(Lots < 100) Commission = 1./Lots;

Re: Commission - assetList [Re: Petra] #469045
11/03/17 23:28
11/03/17 23:28
Joined: Mar 2017
Posts: 65
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Ger1 Offline OP
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Ger1  Offline OP
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Joined: Mar 2017
Posts: 65
Thanks a lot for your clarification.


Moderated by  Petra 

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