Interactive Brokers Question

[156 10]

Hello,

 

I wanted to know how I can calculate the price per pip I get per one futures contract with them? I am currently looking at the margin page

 

http://individuals.interactivebrokers.com/en/trading/marginRequirements/margin.php?ib_entity=llc

 

and I am trying to compare contracts on different criteria, can you help me on that ?

 

Thanks!

[Guest forsearch]

Well, first off, let's start with nomeclature.

 

The naming convention for the smallest incremental price move in the futures world is a TICK.

 

In forex, it may be referred to as a pip (fractional pips excepted), but not in futures.

[Head2k 10]

Hello,

 

I wanted to know how I can calculate the price per pip I get per one futures contract with them? I am currently looking at the margin page

 

http://individuals.interactivebrokers.com/en/trading/marginRequirements/margin.php?ib_entity=llc

 

and I am trying to compare contracts on different criteria, can you help me on that ?

 

Thanks!

Look at contract specification. Search for point value and tick size (= minimum increment size) in points. Multiply these two numbers and that is what you want. But I believe they have $ value of tick written there, too.

[156 10]

I am not sure where the point value is ...

[Kiwi 16]

It trades in dollars USD. The multiplier is 1000. The price increment is .01.

 

So the minimum move is 1000 * .01 = USD10.00 for the minimum order size of 1

[BlowFish 10]

Also be aware on spot forex if you don't trade at least $25000 your order will be handled differently and will likely cost more.

 

http://individuals.interactivebrokers.com/en/p.php?f=products&p=fx

[156 10]

Thanks for your reply guys, now I get it

[Gringo 10]

Good luck. You may find it's not the end of the world to switch brokers. Keep your eyes open for a change if you find your demands require other services that must be given preference.