What is a 'Valid order' in the IB program?

IB commission is paid for valid orders only. A valid order is a trade that meets the following conditions:

  • The trade lasted for 120 or more seconds.
  • The difference between the open price and close price of the order is greater than or equal to 30 points (pips in 4-digit precision terms).
  • The order was not opened or closed by means of partial close and/or multiple close by.