# interactive broker

 Discuss interactive broker at the Brokers & Trading Platforms within the Traderji.com; below are the charges from IB... can someone please explain these with example 2.5bps intraday ...

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#1
13th July 2010, 05:34 PM
 Member Join Date: Jul 2009 Posts: 15 Thanks: 2 Thanked 1 Time in 1 Post
interactive broker

below are the charges from IB... can someone please explain these with example

if i buy 1 stock of 1000 rs. how much the brokerage will be?

5 bps delivery
if i buy 1 stock of 1000 rs. how much the brokerage will be?

rs 60 per contract
if i buy i lot of 5000 call at 100, how much the brokerage will be?

3.5 bps future
if i buy nifty(50) at 5000, how much the brokerage will be?
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#2
13th July 2010, 10:05 PM
 Member Join Date: Jul 2009 Posts: 15 Thanks: 2 Thanked 1 Time in 1 Post
Re: interactive broker

#3
14th July 2010, 07:20 AM
 Member Join Date: Feb 2009 Posts: 352 Thanks: 335 Thanked 417 Times in 202 Posts
Re: interactive broker

1 basis point (1 bps) = 0.01% - calculate yourself
#4
14th July 2010, 11:23 AM
 Member Join Date: Jul 2008 Location: Kolkata Posts: 219 Thanks: 42 Thanked 110 Times in 77 Posts
Re: interactive broker

Quote:
 Originally Posted by manishma71 below are the charges from IB... can someone please explain these with example 2.5bps intraday if i buy 1 stock of 1000 rs. how much the brokerage will be? 5 bps delivery if i buy 1 stock of 1000 rs. how much the brokerage will be? rs 60 per contract if i buy i lot of 5000 call at 100, how much the brokerage will be? 3.5 bps future if i buy nifty(50) at 5000, how much the brokerage will be?
1 bps = 0.01% thus 5 bps = 0.05%.
I dont think IB will charge 0.05% for Delivery transactions. It may be 50 bps.
#5
14th July 2010, 04:14 PM
 Member Join Date: Jul 2009 Posts: 15 Thanks: 2 Thanked 1 Time in 1 Post
Re: interactive broker

thanks kaushik.

i talked to their customer care executive, he has given this info..

their contact number is mentioned at link:

http://www.interactivebrokers.co.in/...e&ib_entity=in

i have also attached the screen shot which specifies that its 0.05% ie 5bps
Attached Images
 ib.bmp (52.5 KB, 39 views)
 The Following User Says Thank You to manishma71 For This Useful Post: kaushikbanerjee (14th July 2010)

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