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IB has numerous market makers and a summary of the bids/asks is available through their "Market Depth". The amount of currency on each side varies greatly by the currency pair and time of day. For example, right now (20 minutes before the daily forex close), I'm seeing for EUR.USD about 30...

Check the SEC filings for IB and you'll find one recently where they notified the SEC that their current reporting (I think their 10Q) was going to be late. It doesn't say why and I don't think they've issued a public statement about it. It could be something as minor as a key employee...

I've traded forex for 5 years. Had a modest loss the first year but profitable each year since then. It's not easy and I've had some spectacular losses (including yesterday on AUD.USD). It's always three steps forward and two backward for me. I've tax reported using the 60/40 long...

Essentially all of my forex trading with IB would be defined as "leveraged forex transactions" and my short non-base currency position exceeds my non-cash assets on a daily basis. (Often times exceeding it by 10-15 times for a brief period of time). But I thankfully did not get any such e-mail...

I haven't noticed any change. Looking at my orders today, I received price improvement on at least 1/3 of them.

Just enter in an IDEALPRO currency order. For example, if you have USD and want JPY, enter a sell USD.JPY order. You'll end up with a positive JPY balance and a reduced (or negative) USD balance. Or buy USD.JPY if you want to go from JPY to USD. Note that this might set up a virtual...

Navigation from IB's main page: Trading > Product Listings > Forex > IDEAL PRO Then click on the link next to the currency pair you are interested in. The contract information will be displayed including the "Exchange" which lists the market makers. Click on an individual market maker...

Here's a list of the liquidity providers for one popular currency pair (EUR.USD) as listed on IB's website. Barclays, Bank of America, Citibank, Goldman Sachs, etc. Timberhill is not listed but IB is. I believe this is because another IB client might be on the other side of the trade...

I report the forex on a separate line in the same section of the tax form as the futures contracts are reported.

From a WSJ report: Interactive Brokers reported a 21.5% decline in first-quarter profits Thursday, earning $13.7 million, or 30 cents per share, versus $17.5 million, or 41 cents per share, over the same period last year.

Absolutely. So long as you have sufficient margin, just place an order to buy your base currency with the non-base currency.

I met someone who renounced U.S. citizenship. They are now a permanent resident in Singapore. You are permanently giving up all claims on Social Security and Medicare. Plus, in order to come back to the U.S. for a visit, you're subject to the same requirements as anyone else from your new...

I had the backfill and applied two patches with links found in another thread. One is to bypass the registration servers and the other to fix the backfill problem. At first I was not able to resolve the problem but after a few tries it worked. Start by rebooting your computer. Before...

Here's a situation I am encountering in my tax preparation and wonder how best to handle. + Bought 100 shares XYZ in 2009 for $1000. + Bought 100 shares XYZ on January 15, 2011 for $2000. + Sold 100 shares XYZ on January 16, 2011 for $2100. Per my way of thinking, I was day/swing...

I applied the two patches and QT is now fully working again with IB data.

I have not been able to resolve my problem, and other then leaving my server on, am stuck like the rest of you.

Same problem on another computer that has QT without the patch being applied. So must be an IB problem right now. If anyone else can confirm . . .

I extracted the files from the patch. I can bring in IB data but it won't backfill (from before I turned on my computer). Was there a step I missed?

Clue me in. I've been seeing notes about QT shutting down for over a year but still am not quite sure what I need to do. I get my data feed for QT from IB. About once a month or so I have to switch the data source to TDA for licensing purposes. I then immediately switch it back to IB. So...

You'll get most quotes you'll probably need at IB for free if your commissions are $30+ for a month. Not too difficult to achieve.