Search results

Enter the following formula in Excel: =RATE(120,0,20000*-1,20000000,0) and you'll get about 5.93% compounded monthly, so I guess it's possible. "Is it sustainable?" Not likely It also depends on what you're trading and whether you're concentrated or diversified. If you're in stocks, you...

Thx rwk

not sure if this is the right forum... does anyone know if IB API provides access to Equity fundamental data? TIA

Thanks IB-AN, I think I'm beginning to understand... I also asked the online rep if the master account kept < $1K balance for the purspose of paying fees, if it would incur the $10 (or $20 under $2K) minimum fee, and his answer was that the master "Friend and Family account would not be...

Agreed, nothing is free... I'm no industry insider, but my understanding is that market-makers set the bid/ask price quote, and market-takers (the brokers) get rebates for taking the quoted bid/ask -- which means robinhood will have to act on its own best interest, and you might as well forget...

Hi IB-AN, I've asked a similar question regarding Friends and Family Account to IB online support and the answer was contradicting to what you've stated: >>Q: 1. If a client sub-account is below the limit for activity fee (due to being composed of long-term investments and conservative...

Yeah, I’ve been w/amtd for over 8yrs; and using TOS for about 1yr, and I like its Options analytics and bunch of other features; however, I’ve had too many issues with the TOS platform, don’t want to bore you w/my whining, suffice it to say the release on mid Feb ’14, was the last straw...

thanks spacewiz... that would make it harder to see the skew thru the greeks, bummer

I'm considering opening an account with IB and I'd like to know if TWS is able to show the Option Greeks in real time for your positions, so I can do gamma scalping? TIA

thanks comintel... it seems like incorporating or forming a hedge fund might be a way around the issue. Also, I googled and found the following article that provides some general guidelines, a bit more concrete than the IRS: http://www.protradertax.com/public/page/part-time-traders a lot of...

Interesting article... couple of questions to anyone who can help: 1. The language used by the IRS to define Trader seems too vague to me, could someone translate what exactly "substantial activity" means in terms of number of trades and capital rquired to meet Active Trader status? 2. Can I...

you already got great answers, but I'll add my $0.02 worth if it's any help, this coming from a limited-capital, struggling trader in primarily equities and options. help The most important thing to understand is risk and risk management, this will help in keeping you out of trouble, and in...

I've been trading equities and options w/TOS and it's ok for that (if you're not an active trader). It does have great options analytics. And lots of scanning and charting features. However, if you're an active trader or day trader, I don't recommend it, there are some nasty issues with the TOS...

badnewsbear, could you provide some details in which ways IB or TDA/TOS are better or worse for options/stocks? option analytics? Thx

IronFX does not seem suitable for me (I'm based in the USA): - IronFX is not registered with the SEC (USA) or FINRA - website does not have any info on Advisor accounts or master accounts that allow you to trade on client sub-accounts - commissions are very high compared to US retail brokers...

quiter, thank you for your reply, I'll take a look at IronFX.

There's also a $7.50 quarterly maintenance fee, which most other institutions don't charge on IRAs https://www.interactivebrokers.com/en/index.php?f=1580&p=ira

some additional info: I was looking into a reputable bank for custodian, like US bank, but they have $20M AUM minimum requirement, and in my case, I may only start with 3 client accounts and the combined total maybe around $300K or less. Thanks

Hi, I’m looking to open an Advisor account for family and friends (less than 10 clients). I was considering Interactive Brokers, but after reading some nightmarish reviews of people having issues with them making withdrawals, etc., I definitely don’t want to risk putting my clients thru...