Interactive brokers options reviews

Compared to most other paper trading environments, the Interactive Brokers demo account is very realistic in terms of the price trades execute at and things like that. This means that an options traders, hedgers, dividend capture folk and actually any other type of traders has no better alternative than IB. Interactive Brokers is by far the most popular of these prosumer brokerages. For this reason I can never take them seriously. You remain on hold for hours. The fact that you pay almost nothing for trades make commission considerations absolutely irrelevant. And option assignments are free. This cost me a large enough win that would have not difficult made up for my loss of money earlier in the day.

Interactive Brokers is the best online discount broker in the world. But in general you can get everything to play together. Interactive Brokers has mostly happy customers. Seems like they hire amateurish sales people. It offers professional customer service and execution of trades is not difficult. You do know that they have been fined by the regulatory agencies for screwing their clients on hundreds of occasions?

However, I do feel that the Interactive Brokers platform, mosaic screen, and technical data displays on TWS, are somewhat outdated and clunky. Brokerage stability is a very complicated topic. Interactive Brokers having bad fills. Their customer service is nothing short of pathetic. Trader Workstation, TWS for short. Deposits and withdrawals have gone smoothly. There are also fund transfer restrictions that should help prevent someone from transferring money out of your account without your authorization. Needless to say, after only two days at this brokerage I have seen enough. In fact, I would suggest if one chooses to use Interactive Brokers to use their own preferred trading platform for technicals as I do. Well, I came to Interactive Brokers to try it. This is how my friend at Interactive Brokers convinced me to join him there.

Connections are encrypted with standard SSL encryption if you so desire. So, I gave Interactive Brokers a shot. If you have an appropriate level of expertise to use the Interactive Brokers software, and their pricing model is attractive for the type of trading you do, then they are frequently the best available brokerage choice. They never send your wire transfers when they tell you they will. Depending on your level of expertise and trading activity, they could be a very good or very poor choice for your needs. Since Interactive Brokers is the most popular prosumer brokerage, tools vendors pretty much have to support them. The technical tools are all there, but they are clunky, outdated, and not customizable. That cost me a few dollars during live trading my first day at IB. Thank you to Investorjunkie for allowing me to add some clarity to my experience with this broker so far.

Each of my prior brokers all had pros and cons. Previously I had tried several other brokers, and none were perfect. US stocks, futures, bonds, options on all of the above, as well as nearly every popular foreign stock, bond and futures market. Interactive Brokers is basically forcing their customer to change their password every time they log on to the trading platforms or to the Interactive Brokers website. Well, they filled my stops nearly instantly, but my entry orders all had major delays. But they are generally not quite as good as other firms specifically designed for the best execution on one or a small number of exchanges. In my experience, IB offers excellent execution; orders fill very fast at the best available price. Interactive Brokers that the fills were extremely slow. If I encounter any unusual fees or have difficulties withdrawing the funds from my account I will definitely report back here, but I do not expect any issues with the matter.

But in general IB is pretty good and is very good considering the huge number of exchanges they operate on. Also, from what I understand, there are many other platforms that can be used for a fee with Interactive Brokers besides TWS, which is free, for technical analysis, etc. Interactive Brokers makes sense on paper regarding its interest rates, commissions, etc. One buy order was within the market price range for over a minute and still had not been filled. Interactive Brokers inability to fill orders in a timely fashion, cost me a few hundred on my second day trading there. For other discount broker reviews, please visit our best stock brokers web page. Before enabling futures and options trading, IB asks the account holder some questions about trading experience.

According to the friend who recommended me to Interactive Brokers quite literally everything would be perfect here for me. IB saved me hundreds of thousands of dollars by not charging for options an assignment and exercise. This had me scratching my head, but I figured I could manage with the poor fill speed and decided to give the next day a shot regardless. This has got be one of the most obnoxious developments by any broker. Sometimes I would have to adjust the order price on an already placed and unfilled order within the market price range after the price moved out of the range. And by the way the IB stock has tripled since the publishing of this article. IB is absolutely the worst broker in the world! Regardless, after sorting out any issues with my Internet service provider, my experience with Interactive Brokers has been relatively smooth, fills have been lightning fast, and the commissions are rock bottom and perfect for day traders that make multiple round trips daily. For most users, the API just means TWS and third party products will probably work together OK. Their people are clueless when it comes to solving any problem. These brokerages have a look and feel more or less like discount brokerages, but have features and pricing that mimic professional trading environments.

Margin accounts require you to pass a credit check I think, or at least to answer some question about net worth. So, I have obviously decided to stick around and continue using Interactive Brokers as my broker of choice. Full disclosure: I have been an Interactive Brokers customer for about 10 years and have overall had a positive experience. The security features built into TWS seem to be better than most. Interactive Brokers because a friend of mine recommended it to me. Interactive Brokers carries substantial supplemental insurance beyond SIPC via Lloyds of London. My opinion, is that losses are always my fault, but when I can not get an order filled within the market range at near instantaneous speed, something is wrong. If you like bad fills or no fills at all, this is the broker for you. Interactive Brokers and should have contacted the broker directly to discuss these issues to try and discover the nature of the issues I was having rather than jumping to conclusions. Interactive Brokers is cheap for a reason, and I think that reason has something to do with their TWS platform and their poor fills, if a fill is even executed.

Interactive Brokers is perhaps one of the most comprehensive stock brokers for active and advanced traders. This allows you to learn the features of TWS and test out trading strategies in a more realistic environment without risking any real money. Option trades often cost less than a dollar. You must be kidding! IB yet is a lack of proper advertising on the part of IB. Windows and Linux, and both worked fine. There is better software and adequate security elsewhere. Their TWS platform has to be the worst trading platform I have ever seen, and streaming data is not free even with an account balance that meets day trading minimums. Internet service provider has also caused my TWS platform to crash eight times in a single trading session the other day, but neither the crashes or the bad fills are directly related to the TWS platform offered by Interactive Brokers directly. For a day trader Interactive Brokers makes sense, however, once there you will see that the idea is truly senseless.

There is another type of brokerage which may initially appear to be a discount brokerage but is in reality something fairly different. In fact, my first day trading there, I was not notified that the data on my live trading screen was delayed by 15 minutes, although I had seen this on my paper trading platform, but assumed that the delay only pertained to the paper trading platform. But the real reason to use IB is the low commissions. Interactive Brokers has developed some ok software for trading. However, for novice and less active investors, we recommend you look elsewhere. Prior to 1995, most trades were placed by calling your stock broker who charged a massive commission.

Despite my lengthy mostly negative review earlier, I have discovered that I was simply having difficulties with my Internet service provider. The only exception are those that are prohibited by the US Office of Foreign Assets Control. Citizens or residents from most countries can open an account. SummaryInteractive Brokers LLC is known for its international investing options, advanced trading platform, and competitive rates for high volume traders. Trade on your terms. Within this trading platform, you can also access research news and market data. Some of this information might require a subscription. Not only can anyone connect with different service providers, but it can also be a place to ask questions and learn about different advisors, research analysts, business developers and hedge funds individuals can work with.

They also have mobile apps for both iOS and Android. The brokerage claims there are over 60 types of order types supported. Some of the tools you can access include advanced charting, paper trading, mutual fund replicator, volatility lab. Traders can learn about IB products and services. Fees depend on the types of trades and products used. Instead of charging by the trade, they charge by share and have minimum monthly commissions. The process to open an account depends on the type you plan on opening and your country of residence. Traders also have the option to bypass this open and instead direct orders to a preferred exchange manually. With its low fees and myriad of options, those with a considerable sum to invest will see that this is one of the best brokerages around.

Is Buying a House a Good Investment? New traders will find it a bit difficult to use their platforms but once some experience has been attained, it becomes a breeze. The company boasts more than 100 market destinations internationally and direct access to trade execution for electronically traded products such as options, futures, forex, funds, and stocks which is why Interactive Brokers is preferred by many advanced active traders. Whether you prefer the power of a native desktop client, the convenience of a web platform, or the mobility of an iOS or Android app, make sure that the brokerage you select works the way you like to work. IB Traders Insight, which provides commentary from leading experts. Users will also need to meet the minimum equity deposits. For a detailed account of pricing structure, visit the Interactive Brokers pricing page for up to date information. Are You Missing Opportunities To Save Thousands In Order To Save Pennies? If you have fairly extensive experience active trading experience, Interactive Brokers might be the best solution for you.

Interactive Brokers is a brokerage that offers low commission rates for active traders. How Much Should I Have Saved For Retirement At My Age? Interactive Brokers for your taxable account. Users also have the option to make trades via their IB brokers app. For novice and less active investors, we recommend you look elsewhere. In general though, fees differ depending on whether or not you choose fixed or tiered pricing. Once you log in, you can create different workspaces which allows you to look at different data and execute trades.

Traders might want to consider using their HTML based trading platform called IB WebTrader which may be less intimidating to use. Interactive Brokers is a top choice for active and experienced traders who want to trade any investment product for the lowest costs and fees in the industry. ETFs, futures and options. For those wanting to give the platform a try before committing, you can download their demo software. All information on InvestmentZen. For individuals, the minimum age is 18 to open a cash account, but you need to be at least 21 to open a margin account. What is Interactive Brokers? InvestmentZen has financial relationships with some of the products and services mentioned and may be compensated if consumers choose to sign up for products through links in our content. Interactive Brokers also require individual account holders prove that they have fairly extensive knowledge on products they want to trade.

The goal is for this to be a place where they can do business together. You can make trades and get stock quotes, although the app is a little slow because it briefly loads during navigation. Based on the customer support features available, Interactive Brokers scores fairly well because they offer live chat and support on social media outlets. Interactive Brokers has been in the news several times for violating reporting rules and failing to supervise their accounts. Interactive Brokers targets as their clients. Yet the best feature of the mobile app is its full demo. Both platforms are included for Interactive Brokers clients at no additional cost. Some new investors are worried about account security.

Additionally, Interactive Brokers offers an extensive user guide with plenty of screenshots to guide you through the process. WebTrader and a more advanced downloadable platform, Trader Workstation, that may take you a few days to learn. However, there is plenty of chatter across the web and other message boards that have various complaints about the customer service for Interactive Brokers, or the lack thereof. Overall, Interactive Brokers is difficult for anyone to navigate the first time around. Once you get a quote, you can watch the bid and ask prices change right before your eyes in real time. You have to go into a separate account management section under the login portion of the website. They even offer it in a Java ME format so you can use it with your Nokia smartphone. Interactive Brokers also used different currencies to maximize earnings, which was not requested by their customers.

You can trade the most products at the lowest prices and no competitor even comes close. You can access your portfolio information, view current trading positions, and quickly make trades from the Market View. You can place trades, monitor your progress, and basically have the exact same capabilities you would have with an account funded by your own money. It lacks many of the standard features that you would see from other brokers, but then again, Interactive Brokers is not like any of the other brokers. Most traders tend to gravitate to the Trader Workstation as it offers more features than WebTrader. The company tries to guide you as much as possible to make the steep learning curve much easier. Interactive Brokers offers a completely different type of user experience compared to other brokers. Traders who are interested in the top technology and lowest prices will certainly benefit in the long run even if the initial learning curve is a bit painful.

However, IB states they may apply some or part of the rebate back to the customer. TWS can also accommodate program trading through their API. The hot keys are versatile and not difficult programmable. Algorithmic traders tend to prefer the direct access order routing more so than retail traders. The commission structure at IB can be complicated depending on what financial instruments you trade. For traders who like to pick their entries and exits ahead of time, the bracket orders are excellent. Sound effects help me tremendously by freeing up my eyes to properly monitor charts, news and activity feeds throughout the day. One of the best features is the hidden orders option that lets you mask your limit orders on level 2 for almost all stocks.

The total available short shares inventory updates throughout the day, which is incredibly helpful. IB is a discount online broker that caters to retail investors, traders, independent investment advisors and portfolio managers. However, traders can configure smart routing to only route to exchanges meeting certain requirements, dark pools, max rebates or based on price improvement and preferred fill requirements. IB does a great job of updating the available short shares for any stock that is placed on a watchlist. Otherwise, you have to be glued to the screens until your orders are filled. What Type of Trader is Interactive Brokers Best For? Interactive Brokers is one of the more advanced discount brokers with access to more routing options and better borrow lists.

TWS lets you place bracket and conditional orders to trigger at limit prices and then execute at limit or market prices. Traders can register to sign up for live scheduled webinars presented by IB staff or view archived webinars. This works great and helps to prevent others from seeing your sizing if you are trying to unload larger shares. The TWS is best for seasoned retail traders, professional advisors and portfolio managers that know what they want and what they are doing. TWS also provides subscriptions to NYSEARCA Open Book and Nasdaq Total View quote feeds, which is very useful for scalpers to determine the depth of the bids and asks. Manual order routing can be more tedious than beneficial especially when speed is a factor.

It even includes streaming level 2 with a simple order execution interface. Traders can trade stock, option, bond, mutual funds, futures, commodities and forex markets through the online, mobile and standalone TWS platform. IB gives the two commission pricing structures. Exchange, clearing and regulatory fees are added onto the costs. Once again, these are all basic tutorials on how to use the platform. The commission fee starts to shrink with more trading volume. For most traders, this is good enough.

Interactive Brokers is an online discount broker with a wide array of day trading tools and resources. However, transaction ECN fees are not included. Level 2, Time and Sales as well as a single time frame chart. It will actually route to dark pools when available. IB is very strict with risk controls. You can also set it for reserve mode where it only shows decoy size while hiding the true size. This includes IB commissions, exchange and most regulatory fees.

The company provides access to trading platforms, impressive short lists, and stock market education. The Tiered pricing structure scales the commissions lower based on total monthly trading volume. Why would an International Broker do this? The platform sounded OK but a nonstarter because of this. They feel and act like they are the best in the industry. Luckily there are plenty out there. It is a daily fee, that not difficult amounts to 20 USD a dayfor an average account. Your broker must be able to trade the stocks you want to trade right?

Have tried Etrade, TDameritrade, Scottrade. Better not to offer margin in the first place rather have a volatile policy. International broker also has the same issue. Come on IB, are you serious? This is a major issue if like me, you hold those stocks and wish to transfer them over to IB from your previous broker and trade them using IB. They are both unworthy until they offer a more complete list of equities. This fee will not difficult tripple the cost as compared to the commissions. No company grows without its client. IB has introduced an exposure fee. My issue with IB is they do not have a full range of AIM stocks listed on the LSE.

If you are a trader you need to be confident that when why call your broker they will deal with your request immediately. With only a weeks norice, they imposed a fee on many of their customers. SERIOUS professional CTA services. IB is connected to Sidney Futures Exchange, and give us. In my opinion, they currently are unmatched. For instance, IB is connected to Korea Futures Exchange and give us. Initially they were also going to remove margin on many ETFs and preferred stocks but have. Why restrict the equities you can trade? Based on my experiece with customer service. At the account opening stage and I am not impressed at all. The reason they give is Australian regulations.

If you set up price alerts on this platform, the market goes down and the alerts are triggered, the platform stops working. Partnership, Trust, Unincorporated legal structures. IB is generally well run and probably very ethical in the way they treat their customers, etc. IB for almost a year now and here are a few things that you need to consider before open a new account. Eastern time, I could not get an answer in 16 minutes. Im taking them to finra arbitration. Consumer opinions and feedback on brokerage services. They also have periodic webinars to show how to use the different features or explain things like margins.

TD Ameritrade and OptionXpress. Wide range of Stock is what we specially love. In this fast moving market, you can not difficult wipe out your account if no access. Have used IB for 9 years as a professional futures trader. It was a very simple trade, the loss of money was fixed, the margin was fixed and the profit was fixed. IB for more than a year and have an advisor account. The commissions at IB for an active trader are simply unbeatable. One time i put in Or Better order. Pros: Overall a good solution for all types of traders.

So you could be wiped out completely. To avoid this wait, be sure to wire the money instead of EFT. True that cust support does not suffer fools well. But when you follow the link interactivebrokers. Cons: Not worth mentioning. IB because they are quite clear on the rules up front and they leave me alone to do my thing. Customer service at interactive brokers is incompetent and rude except maybe technical people. Cons: Website malfunctioned when I was setting up account. They have a paper trading account for you to play around in which is very helpful.

How is this relevant when i cant loose anymore than my margin in the trade. If you are a pro, than IB is for you. Because IB will automatically shut you down if you screw up and come within shouting distance of a margin call. Open an account with Interactive Brokers. Great Iphone app as well btw for mobile trading. They are a breath of fresh air in the brokerage business and I am very happy with them.

Depending on how much money you are trading, if you plan on trading fewer high dollar stocks IB might be cheaper, if a higher number of shares of lower dollar stocks TK might be a better bet to save on commissions. BTW, I have only ever had one spread force liquidated and I did not suffer any losses beyond what I had calculated as potential loss of money. FX trades, Intl trading and US commissions are amazingly low if you are doing a bit of volume. Of course, experienced and active traders already know about the benefits of IB and my review is probably not that useful for others. You are going to find a long list of customer complaints and SEC fines for any broker. Everybody knows IB customer service is not good. IB is worse than horrible. If you are still sticking with IB, you do not know what you are missing. This is in stark contrast to almost all the brokers I have dealt with in the past.

Unfortunately that is not very helpful towards choosing a broker. When I tried calling them, I usually have to be put on hold for quite a while. Give IB execution a 10. Spam will be deleted. This broker in our opinion is retail leader in online trading and access to international markets as well as investment offerings. IB does not cater to beginners. Or you can use Button Trader and avoid all headaches. Everything was fine till one day when basically over the night they decided to stop offering a product. On the downside, The software is, to my taste, overdeveloped, but fortunately it allows users to hide unused features.

On top of this, they have analyze process which allows you to see how your option trade will work out. AVOID IB LIKE THE PLAUGE! These guys are idiots when it comes to options. The TWS platform is hardly intuitive but it serves my needs. Many of the other complaints seem to be the account holder fault also. They made requests the new broker said was impossible for them to comply with. not difficult the worst customer service I have ever worked with. The amount of order types and markets you can trade is the best I have ever seen. Take a look at the recordings of their webinars.

Most of the time I can get through to their tech support in reasonable amount of time and sometimes I use their chat. Overall if you like TWS or find a way around it like me, I think IB is a good broker for us retail traders. IB; been there for 12 years. Disclaimer: The reviews must be honest. Interactive Brokers for more that 10 years. Cons: They have so many unknowns and tricky platform, that you can get caught in the ringer. TWS and mobile trading platforms. TOS and Tradestation, IB is actually cheaper for me overall.

IB about 9 months ago. IB a long time. The place seems to be run by lawyers, unbelievable headache for a professional advisor. FX trades and some dubious stock trades, incomplete market products, definitely not suitable for day trading. Please use civil, professional language. The TWS interface makes it not difficult to manage multiple accounts. Also have great charting facility with hundreds of indicators. They overcharged me for a service fee and still refused to refund me my money even when I sent them a snapshot of their fee listing. The customer service that is located in Switzerland for European customers is mostly very good, solving problems quickly.

You must have at least 5k to open an IRA, and 10k for a cash or margin account. WILL pay a small premium for that convenience. They filled my order at OB price and not where market was trading. Self service It is often easier and faster than prior brokers. Pros: Comprehensive platform and tools. Best options broker out there, no doubt. In my opinion IB clearly deserves 5 stars. Then one day they force liquidated it and cut my account in half. Has any of the guys who liked IB, has ever looked at ThinkorSwim of TDAmeritrade platform?

IB has the best trading platform. IB for over 2 years now. So many screens to change before a trade can be composed. Never a lick of problem, and have always had excellent customer service. They restricted my account to closing trades only because they took exception to my social media post of a policy of their I disagreed with. Great integration of multiple accounts, good commission structure, and a solid company. It has some complexity but I found it really interesting and fun to learn about the Accumulate Distribute Algo and what you can do with it. IB for 7 years, trading futures and futures options and ETFs. IB is extremely small relative to most other choices. The only disadvantage I have seen is that the platform runs on Java, which makes it kind of slow if you have more than 20 windows open at the same time.

NO IT IS NOT. Not a single review mentions this. IB is an extremely solid and diverse company; I feel my assets are safer there than in my local retail bank. We trust in company that works since 1993. Last Year I move to IB from Merril Edge. Finally got money there and they are putting a six day hold on it. Look for a broker with DIGNITY. They would not adjust the price. TWS is highly customizable to not difficult follow multiple strategies within each account to track what is working with each method. Stock opened substatially below the OrBetter price.

Expensive desk trades for calling in orders in some markets. After using Ib for eight years I have finally discovered how to trade prefs. IB platform is like a dinosaur of modern day trading. Wish they had bought Tradestation when they had a chance. TWS is an investment in time to figure out. You are right about IB being the best for API integration, the cost to trade has to be low if your trading for a living, customer support becomes low on the totem pole.

My main complaint used to be customer service but even that has gotten better and besides, how often do you need them if you never have access or trade execution issues? With TD, I can do with one click and the platform does most of my data entry chores. Time is not only the money, but experience to. Advisor account special phone number. Also, they happen to have the worst customer support in the world. IB was a NIGHTMARE. IB does not pay any interest on the sweep account. Portfolio Margin is way too loose.

TOS and if i calcuated it on IB it would be not more than 500. Pros: Low fees, low margin rates. Chicago was on the ball and it got ratcheted up to their top tech people and was fixed in an hour or so. You might also like. Been using IB for at least six years. Their customer service is unprofessional and have zero knowledge. Have learned to deal with the rest. Pros: their commission is hard to beat if you trade less than 1000 shares or less than 20 option contracts. IB for over 6 months.

Their trading technology and fees are good but their service is terrible. IB is essentially an institutional trading platform available to retail investors. If I am lucky it will let me in maybe twice a week. They loan the money in your sweep account to other users and you get nothing. Essentially, your money loaned for free. Outstanding experience despite of fees charged for inactive accounts. Never a system problem. The 2nd time I asked about a problem I was having with booktrader and i never received a reply back.

Then spontaneously, they started enforcing it. After a few months, I finally tried a 3rd party front end DOM instead of using booktrader. Management needs to do a clean sweep there otherwise they will not have any customers left. Also recommend for low comm on stocks and somewhat options, futures. IB with Tradestation side by side for a while and I thought IB execution was better at least with my limited experience. TD as of March 8, 2012 and never to come back. No customer service help. Did they first close the long calls or puts and let the short positions drift into losses? Please express your honest opinion without warnings or precautions. They invented one obstacle after another.

So I had a lot of USD that I had converted to CAD that was just sitting there. They are also one of the best places for Canadian accounts since the rules changed earlier this year. Margin rates are unbeatable, and stock borrow availability is good. Customer service, imo, has improved considerably. Netherlands, and the local brokers here really pale in comparison to IB. It took me at least 5 months to get used to the platform. Having one broker over multiple asset classes is why I use them. Margins are great too but why? We recommend IB to all over clients due to a very competitive commissions. International trading commissions are extremely low and available to anyone who has an account.

You can not trade on the Trader Workstation platform after this happens. For occasional traders and investors, find another broker. You can get the data through a 3rd party provider for futures, so its not that big of a deal, it just bothers me that they nickel and dime their clients like that. IMO for a professional to use. Lightning fast executions are common. Extremely Poor Customer Service. So basically I cannot access any of their tools that would allow me to trade.

And there were hours spent on hold to get an explanation. As an individual trader, I have had a great experience with the firm. TWS is extremely powerful. They lost me and a number of my clients because of their way of doing business. IB has a trading platform that is not state of the art like Think or Swim at TD Ameritrade. At The NBP Group Inc, our reputation for property and casualty insurance extends across NY state.

It charges for each and every piece of market data, unlike the rest. For the average investor FORGET IT! IB is by far the best. Very poor customer service! Especially frustrating is when I had to wait on hold for over 45 minutes to talk to the margin department. IRS when they already have them! Web and Enterprise Software industry. Lingual Spanish speaking office. Great fee structure, breadth and depth of products available, execution, margin facilities, etc.

This has become the norm for the past year. Furthermore, their transaction cost is much much greater than any discount brokers. The user interface is embarrassingly awful. Best platform, best commissions. We offer FREE Credit Counseling and the consumer never pays a fee to us. IB to prove it. It just flat out does not accept my login credentials. NOT the right broker for you.

They are without merit. The firm is petty in dealing with customer issues. Rarely can they answer a question, so you are pushed off to another department where you wait another 5 to 10 minutes on hold. What the heck is wrong with you? The games they play by giving you too much margin, then taking it away, will result in losses greater than any savings that you get from lower commissions and interest. They blatantly steal money and refuse to refund overcharges.

What good is an online trading site that does NOT allow you to trade? Dealing with Interactive Brokers was an infuriating experience and a huge waste of my time and energy. Everything was working fine until about two weeks ago. Ok, so I tried TWS, an old java based system that requires me to first install JAVA on my machine. Sorry but I had to write this rant after coming across this Yelp page and seeing all the poor reviews. Not so with IB. This broker is amazing.

REGN Trade and didnt let it execut on OCT 04th when REGN traded as high as 475 and their platform had issues and their online Trader desk couldnt execute the order. However, the risk department at the CME told me that they must be confusing the risk of selling contracts with that of buying contracts. What the hell is the deal with all the poor reviews? Trade or TD Ameritrade or Fidelity or Scottrade, you will have a much better experience. IB has idiots with no common sense dealing with customers. Also IB charges a lot of fees, and in many cases will cost you more in commission than the rest.

From the response I got from them, seems this is rather typical. TWS to trade stocks. You can wait on the phone for 5 to 10 minutes every time you call in regarding a simple question. They are scamming their customers. Their version of dual authentication is a physical key card. IB IRA account so I could buy futures options. IB the way they wanted to see them.

In the beginning, the customer service was as good as any other broker; however, now it is the worst. You will not run into issues getting a hold of a representative that knows what they are doing. loss of money graph is incorrect. The dual authentication system protects your money, so ignore the fools who complain about it. IB charged me hard to borrow fees on a stock for 3 days but I only shorted it for one day. THEY dont GIve you GOOD Execution and make False Promises plus Zero Customer Satisfaction. They rarely will wire your money when they say they will. For example, I once helped a client open an account at IB. American Debt Enders is highly ranked Nationally by ConsumerReviews. They charge individual fees for everything.

Well, after reading some of the reviews, I felt inspired to write my own. When I called, IB insisted that this was an exchange requirement, and went into all kinds of explanation about how there is unlimited risk in buying a put on a future because of performance bond requirements. IB employees have told me that many of the positive reviews here were written by people affiliated with IB. And that is when they do get back to you. The wait time to get to someone either through the phone or chat may take over 45 minutes. IB mixed up buying options with selling them? Overall: Ignore the fools who have ranked Interactive Brokers poorly. Yes, the platform sucks and is not intuitive, it requires a huge learning curve, you will be filled with frustration months and months after the start of trading. BUT for me assets still outweigh liabilities.

If you do try to reach them after market hours, you will be talking to a rep in India in a boiler room. Margin cost, the cost is not that much different from the retail brokers. By the way, the only way I could request the credit in the first place was by sending them an email, and then waiting about 3 weeks for a response. But, everything else was included, including all the Real Time quotes, even Level II and Customer service was Phenomenal! Additionally, IB is a nickel and dime firm when it comes to charging many many fees. IB on and off for 5 years, hoping that their customer service would improve. At most firms that department is readily accessible due to the often time critical nature of margin issues. There people are so unwilling to help and are so uneducated about just about every possible issue that you have.

Trade or Yahoo in another window to figure out prices. The customer service of IB is the worst amongst all the brokers I have dealt in the past 30 years. USE THIS CO ONLY IF U ARE EXPERIENCED! Their API documentation is FANTASTIC. Did that and the TWS system just hangs after login. IB allows customers to build positions that result in large negative liquidity after the market closes. IB account to get the documents i needed. It took 24 hours after receiving my cash until I could place a trade. Scottrade, Fidelity, ETrade, OptionsHouse, TradeMonster, and a few others.

Especially if you trade mutual funds. DID NOT have the right tax report in any of my files. They would not discuss the subject of erroneous fee reversals over the phone. They are bonafide horrible in that regard. IB gets a 5 star rating. However, their prices are low. Exposure fees go down if you buy more stock and they go up if you sell stock. Our mission is to help people manage the risks of everyday life, recover from the unexpected and realize their dreams.

Interactive Brokers is excellent if you know what you are doing. No big deal right? Amazing that these guys run a business. Just spent over an hour on the phone trying to connect to technical support so I can login to my account. Customer service, online help, account setup are ALL horrid. The primary goal of customer service is to give you attitude so you never call back or leave on your own.

Daily exposure fee is shady. When you need assistance expect to be on hold for at least 45 minutes. IB even charges for an ACH withdrawal if you try to do one more than once per month. The platform is useless without it. IB is a good choice. Low trading rates except for high volume orders. IB is excellent if you know what you are doing. IB, but wanted to update on a couple of things. ThinkorSwim and Fidelity was working fine and processing orders. But about two weeks ago, their Quick Trade feature was disabled.

PLEAS AVOID THESE SCAMMERS and CHEATERS. PLEAS AVOID Interactive BRokers. Trade, TD Ameritrade, Fidelity, Scottrade, and Interactive Brokers. See this thread: bigmiketrading. IB TWS, I feel like I am empowered to take whatever position, in any security type I want. During margin calls, IB liquidated positions that were set to liquidate last and did not liquidate positions without that designation. The platform is awesome. So, the Question is, How much worth it is the super low fees and Margin rates? The other one is substantially more expensive.

Great margins but terrible customer service. Model Portfolios are super glitchy and yes, they nickel and dime you about everything. First I am unable to login to Webtrader.