What is the message "Warning: algo orders will be charged new commission minimum and maximum per 65,000.00 GBP of trade value"?

For European stock Algo orders, IBKR will apply the commission cap (or maximum commission per order) as follows:

  • EUR-denominated stocks: for every EUR 75,000 of executed value a new per order cap (or maximum commission per order) will be applied
  • CHF-denominated stocks: for every CHF 100,000 of executed value a new per order cap (or maximum commission per order) will be applied
  • GBP-denominated stocks: for every GBP 65,000 of executed value a new per order cap (or maximum commission per order) will be applied

For example, if a maximum per order commission of EUR 29.00 is specified on website, for every EUR 75,000 of executed value a new EUR 29.00 per order cap will be applied.

Find more information on tiered and fixed commissions on European stocks on the IBKR website.

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