Interactive brokers review reddit There are so many better options out there (Sierra Chart, MotiveWave, TT, TradeStation, even more basic software packages like Trader Workstation from Interactive Brokers are more reliable imo) that I don't understand why people still choose to pay so much for such a crappy product. I searched this subreddit but most posts on IB are almost 2 years old. You can take margin loan as cash with interactive brokers. You are trading at a handicap trying to save pennies staying with free. . Thanks First time wanting to invest in stocks overseas like Tesla. Interactive Brokers Reddit: What is Interactive Brokers? Interactive Brokers is the best-known and best-rated US broker in the world for a number of reasons. The interface comparison are apples and oranges. Please check our methodology on how we rate exchanges for further information. Pros: Has access to nearly any market. Looking for a solution to purchase US fractional shares, living in Ontario, Canada. 1 pick for free stock trading, offers two pricing plans: IBKR Pro (meant for professionals) and IBKR Lite (for casual investors). The company brokers stocks, options, futures, EFPs, futures options, forex, bonds, and funds. Those two reasons could be the ones driving the low reviews. I was very skeptical at first but I have researched a lot before investing my hard-earned money into the SARWA and it seems like one of the best decisions i have taken in my life. Go to forums to discuss how best to perform what kinds of trades you want. IBKR and any other broker or bank that operates in the EU cannot choose it. I usually have both good and bad sides when doing a review but for the SARWA it's mostly positive from day one. You’ve literally just made all of this up, wtf are you talking about. I thought it's pretty neat. I'm looking for a cheap DIY discount broker without going so cheap that quality starts diminishing. Ofc if i do that, i would lie, but the question is how that affect my taxes later if they cross information? please note im outside of the US. Their pricing structures are possible because of the sheer volume they command. IBKR_Official is the official Reddit account for Interactive Brokers. IBKR_Official is moderated by IBKR associates who will provide support M-F 9am -5 pm EST. If not please share reviews about full service brokers YOU HAVE used. In fact, any bank that also acts as a broker is so. Interactive Brokers is the top choice among investors looking for a powerful online brokerage platform, boasting cutting-edge trading tools, an expansive selection of investment products, and competitive pricing plans suited for traders of all levels Unaffiliated subreddit of Interactive Brokers, a popular multinational brokerage firm. To help potential new customers make a more information decision, please find below my review (also visible here on Google, alongside other people's reviews: 1. Mutual Funds: Interactive Brokers offers access to over 25,000 mutual funds from over 300 fund families. Why doesn't TV list the major US brokers like Schwab, Fidelity, TD Ameritrade, E-trader? These brokerages don’t cooperate with TradingView so far. While beginners might find its interface and features complex, the platform is a treasure trove for those willing to scale the learning curve. It is suitable for most passive investors. I had more trouble with Interactive Brokers, and managing multiple simultaneous requests, such as retrieving more than one symbol's quote in one call, and organizing the information returned. You will be able to access US ETF if you are Swiss. Now my orders are filled in nanoseconds. Interactive Brokers is legit. It is often best known for its trader workstation, API's, and low margins. Experience : it has been offering services for more than 40 years and, today, it has become the online broker with the largest number of operations carried out by its users (close to 1 Unaffiliated subreddit of Interactive Brokers, a popular multinational brokerage firm. by number of daily average revenue trades“ is integrated with TradingView. The actual calls for trading were not bad. This customer service channel will answer questions about Interactive Brokers’ products and services. S. With IBKR, that amount goes up to 100k. yeah, basically PM is a separate rule that allows your broker to consider your portfolio as a whole rather than each asset individually. Very competitive ETF trading commissions and FX rates, no ongoing platform fees along with family subaccounts and monthly Sep 12, 2024 · Interactive Brokers, our No. To do that i need to fill a questionary that basically says i earn like 250k a year or something like that, to show im wealthy. com/interactive-brokers-review/). 002% vs 0. With degiro (and basically all other EU based brokers) your assets are only insured by up to 20000 euros. If you want more details, you can read my DEGIRO Review. Now they have let forgone that fees too making interactive brokers more competitive. I am a canadian resident, but also have citizenship in my home country, with bank accounts there, in Canada and in the US. I am not knowledgeable about all the brokers perhaps you can find or someone can suggest a direct access broker that is lower commission than light speed. Hello, I am looking to open an account with a broker, and was recommended to Interactive Brokers. I want to open second account with different broker just because Degiro started doing weird steps how to annoy their customers XTB - I don't have any experience with this broker, I just read some reviews and it seems to be quite good broker for people from my country. Writing the review after my second month in SARWA. Banker on wheels wrote a good review about ibkr ( https://www. Wiki at: https://japanfinance. The website and app are very tough to navigate. There are so many things wrong in the article it looks like a paid advertisement. It's by interactive broker as well. Please view our community rules before posting a comment. As a short tl;dr the problems are that it can be too complex for beginners and that the customer support isn't great. com, a trading forum run by professional traders. I understand IBKR Securities Investor Protection Corporation (SIPC) coverage, provides limited protection to customers against the loss of cash and securities held by a brokerage firm in the event of a brokerage failure, up to $500,000 in securities and cash, with a maximum of $250,000 for cash - Invest in stocks and ETFs in a currency different than the euro? Interactive Brokers (the currency conversion fee is much lower (0. But I would like to see real review if someone use XTB here. Somewhat different in US but essentially the same, stocks are in brokers name but parked with a custodian, if broker goes broke they cant touch these stocks as if they are their own assets, you remain the beneficial owner…ibkr killed all fees, monthly/annual. Unaffiliated subreddit of Interactive Brokers, a popular multinational brokerage firm. It looks like a great offer from a brokerage firm. For Filipinos interested in stocks, bonds, mutual funds, ETFs, forex, crypto, banking, business, insurance, and any other topic related to investing money, making money, or growing money in the Philippines. 03% FX, this is incredibly competitive in the ISA space. Interactive Brokers vs Swissquote Interactive Brokers Public company Business Business, Economics, and Finance comment sorted by Best Top New Controversial Q&A Add a Comment kevstev • "Best" is very subjective, it depends on peoples needs. The insurance amount is an EU law. They are one of the most used, and comprehensive financial brokers in the world and provide access to an astounding number of financial instruments in markets across the world and have excellent customer service, via phone, online chat and many more. Welcome to FXGears. The web view was sooo good, especially the option chains. 5/5 on March 29th, 2022): HIDDEN FEES & POOR CUSTOMER SERVICE : GO AWAY. For a PM account, ideally the broker notices that the UPRO and TMF are inversely co Take advantage of manual routing. So when you add that with the platform fee, its 140$ total per month, but that can go all the way down to 10$ per month if you rack up enough commissions to offset the platform fee. market data fee is separate. github. Got mail from interactive broker today that they are waiving off the 10$ monthly fees. use the following search parameters to narrow your results: subreddit:subreddit find submissions in "subreddit" author:username find submissions by "username" site:example. Interactive Brokers, which according to Wikipedia „operates the largest electronic trading platform in the U. Thoughts ? Interactive Brokers offers competitive pricing and access to a wide range of bond offerings. Heard good things about Nirmal Bang, MOSL, ShareKhan andd IIFL. Please don't suggest something you have not used. Can anyone give me the details whether it makes sense to switch from Scottrade or OptionsXpress to IB? I use IB and am a professional trader. Friend mentioned platform to use is IB. What? ING is also insured up to 100k. A lot of traders don;t even know there is a difference. Dec 5, 2024 · The Bottom Line Our review is based on the spot trading platform. You need a significant amount of money to open the account here. Their flagship IB Trader workstation is one of the most 1 year has passed since the OP. I currently trade using TD Direct Investing, however, you're… Unaffiliated subreddit of Interactive Brokers, a popular multinational brokerage firm. But opening a proprietary account is a nightmare and might take more than a month with all the verification and permission. I've never used support lines. ETFs: You can trade ETFs on major exchanges around the world. Interactive's trade data on fill types is made available (anonymized) so you could even do an analysis. IBKR Lite is a low-fee $0 commission plan (but makes money for IBKR through payment for order flow) while IBKR Pro is commission-based (but provides stellar order execution quality, important for institutions and some professionals). bankeronwheels. by number of daily average revenue trades. What are your thoughts. io/ Whether you're a new resident with questions about credit cards and cashless payment options, a long-term resident curious about pensions and life insurance, or a digital nomad wanting to talk crypto gains and tax treaties, this is the sub where you'll find informed discussion, friendly advice, and high-quality answers with links to reputable sources. Aug 19, 2024 · For most individual investors, Interactive Brokers is simply one of the best platforms. A good broker with API and good termials with RMS. the market data fee is 10 bucks per month assuming you're not using lightspeed as a professional trader. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. You can do so many things in 1 page. It operates the largest electronic trading platform in the U. If you end up using it for, say, stock trading, you'll most likely pay them a monthly fee for live quotes data. For example, if you have a regular margin account and buy something like UPRO (75% margin requirement) and TMF (75% requirement) then you have a 75% margin requirement. Only downside of IBKR was the monthly fees of 10$ charged when you are a buy and hold type of person and who has less than 100,000 $ total amount invested. However, I am facing… Unaffiliated subreddit of Interactive Brokers, a popular multinational brokerage firm. Just wondering if there are any potential risks. Interactive expects a lot from their customers, they are a pro tool offered to retail not a user friendly retail broker like most out Posted by u/redditor_7890889 - 6 votes and 9 comments Unaffiliated subreddit of Interactive Brokers, a popular multinational brokerage firm. I wished TDAmeritrade would change their mind. On the phone, you can download IMPACT. Interactive Brokers offers low-cost trading and access to over 3,800 ETFs. Some of the thing about IBKR is completely wrong. And you will be able to get excellent service at very low prices. After connecting to my IBKR account when I click on a given price level and right click, I see the context popup and see the three dots loading something, it keeps trying to load the actions but it hangs. If you open a normal individual account then its a breeze . r/ibkr: A subreddit dedicated to all things concerning the Interactive Brokers investment platform. com Oct 18, 2024 · Interactive Brokers attracts active traders with low per-share pricing, an advanced trading platform, a large selection of tradable securities — including foreign stocks — and ridiculously low Do you agree with Interactive Brokers's TrustScore? Voice your opinion today and hear what 3,040 customers have already said. Hello there, i want to ask about trading options on interactive brokers. Jan 4, 2024 · Interactive Brokers is a superior choice for professional investors, day traders and really anyone who is serious about trading. You don’t need 100k minimum balance for margin loan in a reg-t account. When I click on the + symbol to add alert/order/etc and try to create an order, it opens the trading panel at the bottom and shows a loading icon. Hi Guys, I am having trouble depositing the money into my IBKR account. Aside from this subscription, the fee per trade is extremely good for most folks. The key points of note with IBKR are they charge only 0. 15%), but it only compensates for larger amounts - even here Trading 212 may compensate) - Invest in Options? Definitely, Interactive Brokers By the way, Trading 212 uses Interactive Brokers as a custodian. 4 days ago · So, overall, Interactive Brokers is a much better broker than DEGIRO. qcg zekmz inppwomg lvcab ezxgc xtgexc ptxu mlxrn xvthk wzwam