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Norm, There is another point you need to be aware of. Though IB does not apply PDT rules in cash accounts, IB will apply it in IRA-margin---even if this is really not a margin account. If your IRA is less than $25k and if somehow 4 total round-trip trades occur in 5 rolling business days...

Apparently so. IB charged about $19 in commissions for about a thousand share. I think for NYSE and AMEX stocks, IB should provide more clear cut examples. Besides, I have also seen other discrepancies in IB's unbundled pricing.

If you choose "margin" option, IB IRA accounts will let you trade without having to wait 3 days after the sale. If your account is less than $25k, IB's system prevents you place the 4th order (regardless of your intention of holding the new position overnight) to initiate a position if you...

I think it is every quarter except for the last quarter. The last quarter's tax is due by the first working day after April 14th .

SideShowBob, You also need to notice which CSR is responding (or trying to respond) your ticket. Some IB CSRs are professional and prompt, but some seem to be lazy. I hope you did not have to deal with rickv. IB's cuustomer service varies a lot depending on respective the CSRs. I hope they...

jim, Were you finally able to get answers from IB's Trouble Ticket system why they charged you $1.45 last week?

ozzie_bozo, IB does automatic margin liquidation. Most of the times, they are right in doing so since this policy was mentioned in their agreement. However, you should check if any particular incident is caused by IB's system's bug or not. In one instance in my IRA account, IB accepted a...

Since IB is on its way of discontinuing email services, it will be hard for the potential new customers (who do not have a lot of time to hold the phone for a long period of time) to reach IB electronically. It is interesting that IB says that the recommended method of asking new account...

Ameritrade allows clients to hold boxed positions overnight. You may not sell the long side first. The margin requirement is different for the boxed position. However, your buying power still decreases as usual if you use this approach. If you are a noise trader, it may make some sense to...

Who was the broker?

How is your experience with TradeKing so far?

mahram, Sorry if I have confused you. The bigger picture is that Ameritrade bought TD Waterhouse (which is even tactfully mentioned in the 2nd paragraph in your link). What you are talking about refers to the Canadian sub-set of these brokerage firms. Free overnight ACH-in/out, wire-in/out...

BENG, Actually it's Ameritrade who bought TD Waterhouse recently--not the other way around. Ameritrade bought a few companies in the last few years. Hope it's good for its clients.

Jim, I think you may have to add NASD fee when applicable as well as IB's clearing fee. Besides, if the order was sent through SMART routing, the SMART router might have re-routed back and forth part of that 200 shares that may cause your not offering 100% liquidity.

You can actually download the excel version of the statement, and then let the excel calculate any type of percentage gains or losses (e.g., before/after commission, daily/weekly/monthly average, etc.) with respect to your predetermined costs of basis.

If you want level-II quotes, you can also get it for a fee at IB.

conbar, ARCA has the capability to re-route your order if other venues have the better prices. Because of ARCA's re-routing capability, it's popular. ARCA charges a fraction of a cent extra per share if your order gets executed after re-routing. IB doesn't let its clients use ARCA's...

conbar, Ameritrade is good specially if you choose to use direct routing options in Ameritrade. They have been offering that option for quite some time now. (Unlike choosing ARCA from IB,) you can use ARCA's re-routing options that will re-route your order to different venues , On the other...

If your account is less than $25k, you are restricted to have 3 round trip trades in 5 rolling market days in IB IRA "margin" accounts. For equities, I cannot short.

IB's so called IRA "margin" account is a misnomer. Those are not really margin accounts. Those are same-day-substitution accounts. There is no margin involved. I also got different type of answers from different sources in IB.