UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next
Author: globalist2013 Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35392  
Subject: Warning: Removal of Liquidity Fees Date: 3/18/2013 3:08 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
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.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next


Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Saul's Investing Discussions

Why Did I Buy a Bunch of PFIE Today?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.