More detail costs on Interactive Brokers market data

Many are confused about these Interactive Brokers’ market data options. It seems there is a simple $10/month on a “US Securities Snapshot and Futures Value Bundle”

https://www.interactivebrokers.com/en/pricing/research-news-marketdata.php

Plus

This is supposed to help https://ibkr.info/node/2840

Nore the Reddit comment for free data which makes sense

It’s complicated and this page helped me a big https://ibkr.info/node/2840

Since I generate more than $30 a month of commissions, I just subscribe to it because it’s free and I need it to get other bundles on top of it.

From what I can make sense of, you will need $10 base with $0.01 for each snapshot request at $0.01. There are caps but I need to get in touch with the IBKR to see what the monthly max cost would be set at.

You could also use Yahoo Finance data for MotiveWave which is free as shown here

The limit of requests with Yahoo is

There’re some limitations by making the call to Yahoo Finance API: Using the Public API (without authentication), you are limited to 2,000 requests per hour per IP (or up to a total of 48,000 requests a day).Mar 21, 2020
https://towardsdatascience.com/free-stock-data-for-python-using-yahoo-finance-api-9dafd96cad2e#:~:text=Rate%20Limitation,of%2048%2C000%20requests%20a%20day).

Both Google and Yahoo Finance data do not support forex but they do support Free equity which is stock and ETF

NOTE: From what I am seeing from the fee link below, it seems you need not worry about data fees if you do at least 15 (x2 round trip) trades per month. You will be paying $1×2=$2 per trade

https://www.interactivebrokers.com/en/pricing/commissions-stocks.php

Preserve your wealth by watching this https://quantlabs.net/banking

I am also updating this more detail on the private chat server https://quantlabs.info/public/

Don't miss out!
Get my TRADE LIKE A BOSS 2 PDF Books

You will received instantly the download links.

Invalid email address
Give it a try. You can unsubscribe at any time.