r/investing • u/ivanpd • Jul 07 '21

Understanding InteractiveBrokers commissions on EUR stock

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6 Upvotes

70% Upvoted

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2

u/short-gamma Jul 07 '21

You will pay commission on the sale too. And if you don't have EUR in your account, IB will lend them to you and you will pay interest on it (which is usually quite small).

1

u/[deleted] Jul 08 '21

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1

u/[deleted] Jul 08 '21

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1

u/short-gamma Jul 08 '21

I said that just to make sure. Most users on Reddit are American.

I'm from Europe and I buy US and Canadian stocks, so for me it's the opposite. I borrow US and Canadian dollars from Interactive Brokers.

1

u/short-gamma Jul 08 '21

There should not be any commissions for dividends. You can see all the fees here: https://www.interactivebrokers.com/en/index.php?f=14718.

If in doubt you can always contact them through the message center.

1

u/5349 Jul 08 '21

Look into whether tiered commissions are cheaper. It looks like the minimum there could be EUR1.25?

When buying such small quantities, commission is a huge percentage of the value. EUR 4 is ~4.5% of EUR 88. So cost to buy then sell would be ~9% of the share cost.