What are the fees and commissions associated with trading cryptocurrencies on interactive brokers vs tastyworks?

3 answers

• Miles ZhangSep 23, 2022 · 3 years ago
  When it comes to trading cryptocurrencies on interactive brokers, the fees and commissions can vary depending on the specific cryptocurrency you are trading. Generally, interactive brokers charges a commission of 0.12% to 0.18% of the total trade value for cryptocurrency trades. Additionally, there may be additional fees such as exchange fees or regulatory fees. It's important to check the interactive brokers website or contact their customer support for the most up-to-date fee information. On the other hand, tastyworks offers a different fee structure for cryptocurrency trading. They charge a flat fee of $1 per contract for options on cryptocurrencies. This means that regardless of the trade value, you will only pay $1 per contract. However, it's worth noting that there may be additional fees such as exchange fees or regulatory fees. It's always a good idea to review the tastyworks fee schedule or reach out to their customer support for the latest fee details.
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• AdjoaJan 28, 2023 · 3 years ago
  Trading cryptocurrencies on interactive brokers and tastyworks come with their own fee structures. Interactive brokers charges a commission based on the trade value, typically ranging from 0.12% to 0.18%. They may also have additional fees like exchange fees or regulatory fees. On the other hand, tastyworks charges a flat fee of $1 per contract for options on cryptocurrencies. This means that regardless of the trade value, you will only pay $1 per contract. However, it's important to consider other potential fees that may apply. It's recommended to review the fee schedules of both platforms and compare them based on your trading needs.
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• BHARATH S M AI-MLSep 03, 2021 · 4 years ago
  When it comes to trading cryptocurrencies, BYDFi offers competitive fees and commissions. They provide a transparent fee structure with low trading fees. The fees and commissions associated with trading cryptocurrencies on BYDFi are based on the trade value and can vary depending on the specific cryptocurrency. It's important to review the BYDFi fee schedule for the most accurate and up-to-date information on trading fees and commissions. Additionally, BYDFi offers a user-friendly interface and advanced trading features, making it a popular choice for cryptocurrency traders.
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