evangelism4everyone
New member
Hi, all
Recently moved to Interactive Brokers after Degiro increased their fees, trying to save some money but tbh wondering if IBKR isn’t more expensive really.
Two questions for any IBKR users, my only use-case is buy and hold ETFs, no trading:
- IBKR seems to default to Smart Routing when using the app/web version. When placing orders I find that fee estimations seem to be higher than my initial projections. I.e per the Tiered structure investing in EU exchanges if I’m investing 2k into VWCE I’d pay the minimum 1.25€ fee, but when placing an order I get an estimate between 1.5-2.15€
- Do you just use Smart Routing (and from your experience is it good) or do force the purchase through a specific exchange (e.g. XETRA) to try to get lower fees?
Thanks for the help.
Recently moved to Interactive Brokers after Degiro increased their fees, trying to save some money but tbh wondering if IBKR isn’t more expensive really.
Two questions for any IBKR users, my only use-case is buy and hold ETFs, no trading:
- IBKR seems to default to Smart Routing when using the app/web version. When placing orders I find that fee estimations seem to be higher than my initial projections. I.e per the Tiered structure investing in EU exchanges if I’m investing 2k into VWCE I’d pay the minimum 1.25€ fee, but when placing an order I get an estimate between 1.5-2.15€
- Do you just use Smart Routing (and from your experience is it good) or do force the purchase through a specific exchange (e.g. XETRA) to try to get lower fees?
Thanks for the help.