The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Bonds & Fixed Income Investments

URL:  http://boards.fool.com/warning-removal-of-liquidity-fees-30595489.aspx

Subject:  Warning: Removal of Liquidity Fees Date:  3/18/2013  3:08 PM
Author:  globalist2013 Number:  34832 of 35351

This morning, for the first time ever, I got hit by IB with a $5 fee on an order for a single corporate for “removing liquidity”. I have no idea when they put this fee into place. On Feb 27, less than three weeks ago, I also bought a single corporate thru IB, and the total charge was their usual $1/bond, $5/ticket. ARRGH. Live and learn.

Some poking around in IB’s FAQs suggests that the fee is coming from Bond Desk and that IB is merely passing it through to their customers. I bought a single thru Zions on March 1, and the commish was their usual $9.95/ticket. I did several bond purchases thru E*Trade last month, and their commish schedule hadn’t changed, either. I have no idea what’s going on. But be forewarned that buying bonds thru IB seems to have gotten more expensive.

Charlie
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us