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Interactive Brokers - total Costs for FGBL
Updated May 17, 2020
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Interactive Brokers - total Costs for FGBL
January 19th, 2018, 11:33 AM
Munich
Posts: 19 since Jan 2017
Thanks Given: 32
Thanks Received: 3
Hi,
Im interested in trading the FGBL (German Bond). The Broker of my choice would be IB. As i read and heard they are reliable and reasonably priced. But being Beginner, i need your help.
I'm interested in the cost- plus price structure. https://www.interactivebrokers.com/en/index.php?f=commission&p=futures2
So what are the total costs for trading 1 FGBL- Contract ?
Am i'm right if it's: 0.90 EUR + 0.20 EUR per Halfturn, so total costs for f.e. buy and cover 1 FGBL- Contract is 2.20 EUR?
In the IB- Example CAC-40 is a clearing fee and transaction fee, i think I have to add these costs to my 2.20 EUR, right?
thanks for your help!
Can you help answer these questions from other members on NexusFi?
Best Threads (Most Thanked) in the last 7 days on NexusFi
January 19th, 2018, 12:21 PM
Slovakia
Experience: Intermediate
Platform: Ninjatrader 8
Broker: Interactive Brokers,Tastytrade,Birdwingo
Trading: K200M,KOSDQ150,US stock option
Posts: 220 since Aug 2009
Thanks Given: 116
Thanks Received: 109
svedan
Hi,
Im interested in trading the FGBL (German Bond). The Broker of my choice would be IB. As i read and heard they are reliable and reasonably priced. But being Beginner, i need your help.
I'm interested in the cost- plus price structure.
https://www.interactivebrokers.com/en/index.php?f=commission&p=futures2
So what are the total costs for trading 1 FGBL-
Contract ?
Am i'm right if it's: 0.90 EUR + 0.20 EUR per Halfturn, so total costs for f.e. buy and
cover 1 FGBL- Contract is 2.20 EUR?
In the IB- Example CAC-40 is a clearing fee and transaction fee, i think I have to add these costs to my 2.20 EUR, right?
thanks for your help!
0,90+0,20+(0,01 regulatory fees) 1,11 EUR per side
plus look on cancel/modify fees for EUREX products
https://www.interactivebrokers.com/en/index.php?f=667
January 21st, 2018, 06:15 PM
Munich
Posts: 19 since Jan 2017
Thanks Given: 32
Thanks Received: 3
Nice, thank you Obelixtrader.
January 21st, 2018, 11:53 PM
SF, CA/USA
Experience: Beginner
Platform: SC
Broker: Stage 5
Trading: NQ...uh..ES actually
Posts: 1,337 since Jun 2014
Thanks Given: 4,362
Thanks Received: 2,400
Also check margins, sometimes IB's margins are higher. Affects ability to trade depending on account size.
"It does not matter how slowly you go, as long as you do not stop." Confucius
January 22nd, 2018, 04:10 PM
Munich
Posts: 19 since Jan 2017
Thanks Given: 32
Thanks Received: 3
Thanks jackbravo, good advice. IB is on my list, will check that.
January 22nd, 2018, 05:19 PM
Netherlands
Price Action Scientist
Experience: Advanced
Platform: NinjaTrader, IB TWS
Broker: InteractiveBrokers, CQG
Trading: ES
Posts: 1,237 since Oct 2017
Thanks Given: 2,010
Thanks Received: 6,319
IB margins on fgbl is really good. About 1500 euro per lot.
Sent using the https://nexusfi.com/NexusFi mobile app
April 30th, 2020, 05:12 PM
Göttingen, Germany
Posts: 2 since Mar 2019
Thanks Given: 3
Thanks Received: 1
Obelixtrader
I know this post is 2 years ago, but perhaps this info is interesting for someone.
IB customer service told me, this modify / cancellation fee only applicable when using the API, not TWS.
There are no cancellation or modification fees when using the TWS. The example on their website is wrong.
April 30th, 2020, 05:14 PM
Göttingen, Germany
Posts: 2 since Mar 2019
Thanks Given: 3
Thanks Received: 1
double post
May 16th, 2020, 09:17 AM
Luxembourg, LU
Posts: 119 since May 2020
Thanks Given: 99
Thanks Received: 17
debux
I know this post is 2 years ago, but perhaps this info is interesting for someone.
IB customer service told me, this modify / cancellation fee only applicable when using the API, not TWS.
There are no cancellation or modification fees when using the TWS. The example on their website is wrong.
Hiya @debux
Thanks. What about FX orders by NT8 to TWS over API? Does this apply to the connection between NT8 and IB-TWS? e.g. If I place FX order and modify by NT8 or cancel it, will it involve any cancellation or modification fees but not if I directly do it over IB-TWS?
Tnx and best of luck
Last Updated on May 17, 2020