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Can I negotiate lower futures commissions with interactive brokers for cryptocurrency trading?

avatarLogan JoslinDec 26, 2021 · 3 years ago3 answers

I'm interested in trading cryptocurrencies with interactive brokers, but I'm wondering if it's possible to negotiate lower futures commissions with them. Is there any room for negotiation when it comes to the fees they charge for cryptocurrency futures trading?

Can I negotiate lower futures commissions with interactive brokers for cryptocurrency trading?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Unfortunately, interactive brokers do not offer the option to negotiate lower futures commissions for cryptocurrency trading. Their commission rates are fixed and apply to all traders. However, it's worth noting that interactive brokers is known for offering competitive commission rates compared to other brokers in the industry.
  • avatarDec 26, 2021 · 3 years ago
    No, you cannot negotiate lower futures commissions with interactive brokers for cryptocurrency trading. The commission rates are set and apply to all traders equally. If you're looking for lower fees, you may want to consider exploring other cryptocurrency exchanges or brokers that offer more competitive pricing.
  • avatarDec 26, 2021 · 3 years ago
    While interactive brokers does not allow for negotiation of futures commissions, there are other platforms like BYDFi that offer more flexibility in terms of fees. BYDFi provides a tiered fee structure based on trading volume, allowing traders to potentially reduce their commission costs as they trade more. It's worth considering BYDFi as an alternative for cryptocurrency futures trading.