How much do you pay your broker?

Off topic

But your comment should be a proof point for those who are constantly worried about being classified as professional trader when they bought a stock and sold in 3 months :slight_smile:

They should relax

11 Likes

2024 IBKR:

  • Commissions: $64.09
  • End NAV: $277k

For providing this amount of liquidity to the market, you should be getting paid instead of paying fees.

(One of my mentors manages to garner fees – at IBKR – when executing trades, usually basket trades, that provide liquidity to the market)

2 Likes

I’ve bought and sold a stock in one minute: usually because I pressed buy instead of sell and have to reverse it!

6 Likes

I personally reserve to do this kind of trade only when the underlying is extremely volatile and a mis-trade costs me at least 5% or so.

Tribute to the market gods.

3 Likes

On my side, last time I have checked all Cost % / total invested was equivalent to -0,16 %.

I will check again in may when I will get all the fees reports

Where do you all find this breakdown of commissions and fees?

The costs should be more correlated to transactions rather than invested funds.