How does IBKR calculate fees for futures trading in the digital currency industry?
Rajnish KrApr 08, 2024 · 2 years ago1 answers
Can you explain how Interactive Brokers (IBKR) calculates fees for futures trading in the digital currency industry? I'm interested in understanding the factors that contribute to the fees and how they are determined.
1 answers
- ELC MangaloreMar 03, 2021 · 5 years agoAs a representative of BYDFi, I can provide some insights into how IBKR calculates fees for futures trading in the digital currency industry. IBKR takes into consideration factors such as the contract size, trading volume, and account type. The contract size refers to the quantity of the digital currency being traded, while trading volume represents the total amount of trading activity. Account type can also affect the fee structure, with different account types having different fee schedules. Additionally, IBKR may offer discounts or promotions for certain futures contracts or trading periods. It's important to review the fee schedule provided by IBKR and consider your specific trading needs when evaluating the fees for futures trading in the digital currency industry.
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