Interactive Brokers

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#1 Tue, Jun 14, 2011 - 5:36pm
silvernomics
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Interactive Brokers

I've been using IB, Questrade and Swissquote for options.

Not screwed up - yet.

Edited by: silvernomics on Nov 8, 2014 - 5:16am
Tue, Aug 16, 2011 - 7:56am
speconomist
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CDS

Hi silvernomics,

let me ask you about IB:

in addition to options, precious metals (OTC), and forex, do you have any option available regarding CDS? 

Thanks in advance.

Mike MALOney hater. Gingers DON'T have souls!
Tue, Aug 16, 2011 - 4:18pm
madcow
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also, can you trade directly

also, can you trade directly on the TSX with it?

Fri, Sep 2, 2011 - 12:34pm
Daphneisfedup
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I have an IB account, and yes

I have an IB account, and yes you can trade the canadian exchanges with pretty cheap fees. I think you can dig up the fee

 structure somewhere. I had initially had just a scottrade account, but after paying over a $30 commission to buy 20000 shares of olympus pacific at .05 (one of my better trades), I found out that the price of the stock was also increased a penny for the market maker, and a penny would be shaved of when selling. So my commission was effectively $230 on a $1000 buy.

With IB, the commissions start at $1 but go up with # of shares. The stated commission might actually be higher than $30 for 20K shares but I don't think they add a full penny to the price of the stock.

As far as CDS's I couldn't find any mention of them. 

With IBs, be prepared to have minimal help. you pretty much have to send an email and hope the keywords in your email pull up the right answer, because I don't think the customer service is allowed to spend more than a minute or so on each question.

They also charge 10 a month in inactivity fees, which if you have a single account kicks in if you don't do trades which generate $10 in commissions. For a master/client setup, it's $20 in commissions needed. Those details were pretty well hidden.

Sun, Sep 4, 2011 - 11:53am
speconomist
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@Daphneisfedup: Thanks for

@Daphneisfedup: Thanks for the info. I don't have the required minimum capital to open an account with them, so will continue somehwere else.

Mike MALOney hater. Gingers DON'T have souls!