Recent content by Tradism

IB is not good as a broker when it comes to futures. First IB is far too conservative on margin policy. IB has an auto-liquidation system. Still most of the futures have 100% margin, some of which are pretty liquid. 100% margin is really unnecessary in nearly all cases even less for a broker...

I think so. IB will prune tickets which are too old. I'm not sure how old is regarded as old though. :p

I wonder whether anyone used IB's Flash chat. It has been abandoned anyway. :( I guess web chat is the most efficient one to get prompt response. However you have to wait like 30 mins for someone to pick you up. Sometimes I kinda fall asleep when I was waiting. I think IB should add a sound...

That's very true. Luckily it doesn't happen too often but this reflects the value of having a second broker as a backup. By the way when did IB "epic fail" last time?

IB status screen is of not much use. Still it's the first place you could look at when you experience problems to see whether it's your problems or IB's.

You are very right about that. IB is probably losing too much business so it reduces the price of futures commission. Unfortunately this change remove 1-300 tiers which lead to commission increase for non-US traders who trade non-US markets. It's not a big deal but an unwelcome change. :(...

I don't know what you are talking about. The new plan, as IB said, is said to reduce commission. While it's true for US traders but it's not for non-US traders. And it's where IB leave out without telling us explicitly in the announcement. I simply pointed out the new plan has <u>silently...

Hey what's wrong with you? IB didn't inform us that it charged slightly higher now for non-US traders. Is it morally wrong just to open a post to remind and talk about this change, or rather side-effect? So, in your opinion, ss it okay *not* to inform about the change simply because the...

Japanese Yen Old plan First 300 contracts 45000 301-1000 contracts 84000 Total ___________ 129000 New plan 1-1000 contracts 130000 Conclusion: 1000 Yen higher

Hong Kong Dollar Old plan First 300 contracts 2100 301-1000 contracts 3850 Total ___________ 5950 New plan 1-1000 contracts 6000 Conclusion: 50 HKD higher

Swedish Krona Old plan First 300 contracts 2100 301-1000 contracts 3850 Total ___________ 5950 New plan 1-1000 contracts 6000 Conclusion: 50 SEK higher

Swiss Franc Old plan First 300 contracts 360 301-1000 contracts 630 Total ___________ 990 New plan 1-1000 contracts 1000 Conclusion: 10 CHF higher

British Pound Old plan First 300 contracts 165 301-1000 contracts 280 Total ___________ 445 New plan 1-1000 contracts 450 Conclusion: 5 GBP higher

Euro Old plan First 300 contracts 225 301-1000 contracts 420 Total ___________ 645 New plan 1-1000 contracts 650 Conclusion: 5 Euro higher

IB - non-US traders penalized under new futures plan (futures commission raised) In fact IB raised its commission slightly in some places too. It removed the tier "1-300" and replaced it with "1-1000" tier. Commission is higher for unbundled plans in nearly all currencies for the first...