Interactive Brokers: Calculating Commission - Aussie Stock Forums

# Thread: Interactive Brokers: Calculating Commission

1. ## Interactive Brokers: Calculating Commission

Hey guys hoping Someone could help me please, I'm confused in regards to commission.

For example Assume i'm using Flat rate ""0.08%of trade value (commision)"""

And I spend 7271.00HK (\$1000) on a stock worth 0.01HK. = I will than have 727100 Shares.

My ignorant question is; Do you calculate commision on the amount you spend?

For example commission's calculation: 7271.00HK (\$1000) Amount spent x 0.08 commision = 581HK ( \$80)

This can't be right!! \$80 for commission ahh!!!

can you guys show me how it's done please...

2. ## Re: Interactive Brokers Hong Kong (flat rate, Cost plus)

Originally Posted by alexonline
Hey guys hoping Someone could help me please, I'm confused in regards to commission.

For example Assume i'm using Flat rate ""0.08%of trade value (commision)"""

And I spend 7271.00HK (\$1000) on a stock worth 0.01HK. = I will than have 727100 Shares.

My ignorant question is; Do you calculate commision on the amount you spend?

For example commission's calculation: 7271.00HK (\$1000) Amount spent x 0.08 commision = 581HK ( \$80)

This can't be right!! \$80 for commission ahh!!!

can you guys show me how it's done please...

.08% = .0008

3. ## Interactive Brokers Australia commision

Hey guys, question for Australians

Interactive brokers says you have trade value of 0.08% and minimum of AUD 6.00 (NZD 8.00).

My question is; "" I only have \$3000 and I don't reach the minimum. 3000 x 0.0008 = "2.4" < \$6 ( less than minimum)

So do they just take extra commision if you don't reach the minimum???

4. ## Re: Interactive Brokers Australia commision

Originally Posted by alexonline
Hey guys, question for Australians

Interactive brokers says you have trade value of 0.08% and minimum of AUD 6.00 (NZD 8.00).

My question is; "" I only have \$3000 and I don't reach the minimum. 3000 x 0.0008 = "2.4" < \$6 ( less than minimum)

So do they just take extra commision if you don't reach the minimum???

Yep, you pay \$6.

If say you're trading \$30k you'd pay \$24