Interactive Brokers for US based ETFs and more

Discussion in 'Exchange Traded Funds (ETFs)' started by Tastebuds, 10 Apr 2018.

  1. Tastebuds

    Tastebuds Frequent Poster

    Posts:
    85
    Hi all

    I have been researching IB and they seem really good
    • You can still invest in US-based ETFs
    • Their currency exchange rate is pretty low
    • For EU based ETF fees, I think they are only beaten by Degiro
    • Non-EUR Deposit account rates are good
    • Their customer support seems really good too
    • They have 500K USD guarantee and have been in the business for decades

    Does anybody have any experience with them? I can only find positives so far
     
  2. Eeyore

    Eeyore Frequent Poster

    Posts:
    118
    I've had an account with them for the last 5 years and have no complaints.
    Fees are just 4 euro for small purchases of EU based ETFs.
    All account management, trading, customer support is done through their website, that's how they keep costs down. I needed phone support only once, that I can remember, for a login issue and it was sorted out promptly.
     
    Tastebuds likes this.
  3. Tastebuds

    Tastebuds Frequent Poster

    Posts:
    85
    4 EUR seems to be the Minimum Per Order. Then, it is 0.1% of trade value

    I have not gone deep to understand the pros and cons: Fixed or Tiered options
     
  4. Tastebuds

    Tastebuds Frequent Poster

    Posts:
    85
    Last edited: 11 Apr 2018
    comparing IB vs Degiro fees (EU based ETFs)

    if trading 10000€
    IB = 0.1% of 100000 =100€ =>29€ (max trade fee)
    Degiro = 2+0.02% of 100000 = 22€

    if trading 10000€
    IB = 0.1% of 10000 =10€
    Degiro = 2+0.02% of 10000 = 4€

    if trading 1000€
    IB = 0.1% of 1000= 1€ ->4€(min trade fee)
    Degiro = 2+0.02% of 1000 =2.2€

    So, it seems that the broker with the lowest fees depends on the volume of the trade
    IB sounds like a more solid broker to me when you put the whole package together
     
    Last edited: 11 Apr 2018