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We are all in the same boat. Little interest per customer accumulates and turns into noticeable amount. I think this is how a big company earns some easy cash. The implications are more than that. IB is charging you interest too on positive balances of each currency so to speak. IB doesn't...

Do you remember how much was converted? Did IB charge you any fee or commission?

Not if you trade futures whose currency is not your base currency. lol

Does it really happen? When did this happen to you last time? How much was converted back? The small balances have been there for quite some time. IB doesn't seem to do anything about it.

What if I simply leave those balances unattended? What happens when I close the IB account?

Let's say you have some small balances in various currencies: AUD: -9.57 EUR: +11.63 JPY: -1900 What should I do? I have to close out those balances via Ideal since the balance is small. However: 1. The gap is larger 2. Minimum commission (USD2.5 per trade) may not justify this :(...

Regarding interest receivable IB doesn't pay interest for the first USD10,000. For example you only get interest from USD 2,000 if you have USD12,000. This is just one hidden cost. The details of the catch: http://en.allexperts.com/e/i/in/interactive_brokers.htm Search for the title...

Glad to hear my answer helps. Yes it is always good to open accounts in more than 1 brokerage. One outage may cost you much. It is a good investment. IB sucks at daytrading futures. If you have 2 accounts, each can complement one another. By the way it is interesting to hear when IB defends...

OK I will point to you where intraday futures are still charged 100%. Interesting to know an employee from IB knows less than a normal person. Go to http://individuals.interactivebrokers.com/en/trading/marginRequirements/margin.php?ib_entity=llc Click on Futures Search for some US markets...

I think you should check before you post. You obviously don't check the whole table before you comment (really?). There are some futures which still require overnight margin for daytrading. I'm glad if you can prove me wrong. Please ask if you can't see them for some reason. I can point them out...

Electronic. You are going to place orders via Internet, aren't you?

Correct me if I'm wrong since I'm not an arbitrage trader. They shouldn't choose IB anyway because IB requires too much margin (even overnight margin for daytrading some liquid futures :eek: ). They should pick a firm which provide competitive margin for this kind of trading style.

Partial only. There are quite a few futures which requires overnight margin for daytrading. Take a look at New York Mercantile Exchange (NYMEX) for example. :eek: Overnight margin for daytrading is unnecessary. A good trader should get out long before the margin reaches the maintenance level...

Good strategy. Insult the person if you can't think of any reason to defend. You guys don't want to hear why overnight margin for daytrading is unnecessary. It is the best they can do when people challenge that. Yeah I am one of the biggest losers and my account is going to wipe off next day...

umm... The delay is not going to be more than half of a second. I don't think it matters. It may matter for those who like to chase after price especially when they move rapidly. For people who like to keep some cash in both accounts (stock + futures), you are losing first 40K of interest if it...

Why do we need to read threads here to get the latest news or changes from IB? They don't notify you of the changes in any way. They don't like babystep. IB doesn't want to move 10% or 20% up but they choose to surprise you by changing the margin up by 100% without prior notification to cause...

That is how they want to do their fair business. Potential customers will be misled easily when they read that IB pays X%. They don't know IB won't pay the first 10K of every currency in both stock and futures accounts even if you hold more than 10K in IB. If you have USD and GBP in both...

IB can solve this problem effortlessly by moving the reboot time past 5:15 AM HKT. Of course IB doesn't wanna do. Why not?

Threads keep coming about IB instability once in a while. Everyone who uses IB should not rely on IB. You need to get a second broker. IB is not good for intensive trading. The pinkouts and disconnections may cause you tremendous amount of money.

What are you talking about?