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Some countries don't have capital gain tax or any fee levied on trading. No, not all customers are living in the US (and would like to avoid taxes). They may choose IB because it offers a large range of instruments, direct-access, online, reasonable commission. IB is good for...

Probably it is due to data corruption or bad ticks. It sometimes happen. I once saw funny numbers on my quotes like: Bid size---bid price 923572---827497

Sorry, I don't trade penny stocks so I don't know. There're generally 3 types of plans. The first one is fixed commission. Commission is charged per trade, not per shares. However most of them are not direct-access broker. That implies you may be slow in gettng the fill. This "hidden cost"...

How come it takes so long? My local broker once admitted the mistakes and refunded money within a few days. Big difference!

IB TWS is free (with conditions*): http://www.interactivebrokers.com * You need to satisfy their account and trade requirements: http://www.interactivebrokers.com/en/accounts/fees/minimumDeposits.php?ib_entity=llc#balance Personal Advice If you trade low-priced or penny stock, you should...

Market data (fees): http://www.interactivebrokers.com/en/accounts/fees/marketData.php?ib_entity=llc

No. Electronic and floor are different. I think you are going to subscribe the electronic one since you trade electronic instruments. The fee is US$10 (waivable if you trade more than US$30).

Do you observe any slow-down when control many computers or access to a computer which is far from you?

Thanks for mentioning the search. I just intend to bring a current discussion. Anyway, I have my own answers at heart. :p

How can I collect intraday data from IB and export it as a file which can be read by other charting programs and do the playback? Any advice?

Only if you don't mind treating 0.2-0.3 second of bar as tick chart.

In your viewpoint, which one do you prefer, spot forex or futures forex? And why? What brokerage firm do you recommend when trading spot forex or futures forex? Thank you.

Yes, the cost does add up. There's no point trading forex in IB. The deal is not attractive. There's another hidden cost on min commission. Although the website indicates the min is $2.50 or USD Equivalent, that is not true. For some weird reasons, IB tends to charge more for all other...

Hi kiwi_trader, It is because small costs does add up. You don't wish to pay, say, US$10000 interest per year due to its policy on interest calculation. It is similar to why people like cheaper commissions and better fills. The burden, if your trades turn out to be losers, will be...

This one looks great, so I can control 10 computers from the same computer. How is the performance? Buggy or not?

Thanks for the advice. How about the workaround of having more than 10? How to do that? Does it work perfectly or buggily or with some constraints? I still don't understand how to add, say, 10 monitors. My mobo: A7N8X-X (The link contains all the specifications. Please take a look!)...

Hmmm... This is how they provide TWS for free, in addition to weird min interest charge. Although the website indicates the min is $2.50 or USD Equivalent, that is not true. For some weird reasons, IB tends to charge more for all other currencies. For example, the min for GBP is charged more...

As far as I know, it is wrong. There is 1 day lag on the interest received in accounting statement. So you can only see the interest on Thursday, not Wednesday.

I think what I need is the Lite version, or standard version? :confused: What do you mean by less reliable for "Zeroline Trader, Bracker Trader"? Unstable/buggy? Crashing? A quick look. Bracket Trader is a free tool. Good addition! Might come into handy. Zeroline Trader appears to be...

I am wondering if I could do this by myself, probably via API Excel. What I want is just a few simple combinations of orders or strategies. For example: - one click to send buy/sell stop limit (attached by trailing stop limit) [the values are set according to what price I press in...