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!

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

Nice, thank you Obelixtrader.

Also check margins, sometimes IB's margins are higher. Affects ability to trade depending on account size.

Thanks jackbravo, good advice. IB is on my list, will check that.

IB margins on fgbl is really good. About 1500 euro per lot.

Sent using the NexusFi mobile app

Obelixtrader 

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

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.

double post

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