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I too believe that IB is safe. I am more inclined to believe that it was a business decision IB made. I suspect IB reached the conclusion that Australian customers are not profitable enough to be worth its attention after compliance cost. Nevertheless, if IB were to take the long-term view, it...

What exactly is the problem that IBKR is having with the Australian securities regulator ASIC? Does ASIC find IBKR unsafe and is protecting Aussies from losing their savings? However, if IBKR is deemed unsafe, does it mean that all the other brokers operating in Australia today are deemed safer...

Did the customers get back most of their money from PFGBest? Even in MFGlobal's case, customers managed to get back most of their money. https://en.wikipedia.org/wiki/Peregrine_Financial_Group

Hi Maverick74, I have been reading this book "Maverick Trading: PROVEN STRATEGIES FOR GENERATING GREATER PROFITS FROM THE AWARD-WINNING TEAM AT MAVERICK TRADING". Were you one of the authors? Are you related to Maverick Trading? It is one of the better books I have read so far on trading. This...

May I ask why is IBKR not in a position to have the same thing happening? I have so far experienced excellent service from IBKR but ... I'm just paranoid.

Thank you. I have just installed the app in my phone. Doesn't look too bad since it's free.

Reading news can sometimes be detrimental to trading performance. Hence, I am most unwilling to pay to read financial news. I would rather channel the savings to buy good-quality financial data. However, not reading at all is uncomfortable because as introverts, I presume all of us love reading...

Although I am a satisfied customer of IBKR, I would also like to know who are the possible alternative broker to IBKR. As far as I know currently, none can match IBKR when it comes to low commission and product range for international investor. Their best feature is forex conversion at spot...

This is a billion dollar fund. Not the small Hugh Hendry or Whitney Tilson fund which recently closed down. I'm still very puzzled why the big funds which are supposed to be able to attract the best talent can lose money in a bullish year like 2017 when making new highs for the U.S indices is...

You are right. The reason I stopped my subscription to WSJ, FT, Economist is that there are still good and free resources to read on financial news. Financial blogs, Bloomberg and Reuters, to name a few.

Some experienced traders tell me "Don't read financial news. They are bad for your trading results". If that is the case, why pay money to read financial news and lose money later? Anyway, for those who wants to read WSJ free of charge, WSJ has closed the loopholes. You can no longer read via...

True but perhaps the ban did not go far enough. Singapore bans guns and firing a gun is death penalty in Singapore. So far, I have never heard of random shooting in Singapore.

What is perplexing is that this person was actually rich and had a lot of things to lose, assuming he was rich before the crime. People who are rich would want to stay alive to enjoy life. A logical conclusion was that he gambled his wealth away. What do I blame? Casinos and guns. Society is...

I lost my mood partially for trading today. I suspect the same things have happened to other traders after reading this news. https://www.bloomberg.com/news/articles/2017-10-02/urgent-police-confirm-reports-of-active-shooter-in-las-vegas What puzzles me is that the killer seemed to be a...

Thanks for the offer but don't bother. From my experience, it happens on a terrible bearish day and most days aren't that bearish these days. It won't affect you because futures are too liquid. Do keep a lookout if you own HK small-cap stocks. I don't have specific stocks in mind because I have...

It is the small-cap HK stocks which are illiquid and it usually happens in a bearish day. For sure, it is not the big and more liquid stocks. Bids cannot disappear and be lowered suddenly for liquid stocks as there are too many participants with different intention. In fact, I also encounter...

I will vote futures as having the greater influence. This is my theory. Index futures are not subjected to demand and supply like the way the underlying stocks are. To sell stocks, you have to own stocks. To sell futures, you don't need ownership as long as you are willing to open a contract to...

I wonder how can the business model of prop shops succeed, given that highly successful traders who can consistently generate profits on their own would rather trade on their own. Why would they want to pay higher commission to a prop shop when Interactive Brokers is cheap? Why would they want...

This year is a booming year not only for U.S stock market but global stock markets as well. It is puzzling great fund managers close down in a good year. Whitney Tilson is a famed fund manager who practises value investing. I guess his fund size of $50m no longer make sense to continue business...

I invest in international stocks using IB. Overall, I am a happy customer. I have encountered this irritating experience several times when trading Hong Kong stocks on IB. There are several times when I tried to put on sell orders on HK stocks, the existing bid will disappear and a lower bid...