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IB customer representative told me that absolutely no shortings are allowed in IB's IRA accounts.

def, I wanted to make a relatively simple trade trigger with IB's conditional order mechanism and the IB's customer services could not tell me how to do it. One of them says it's impossible. Could you kindly let me, if possible at all, how I can set a the following trade trigger in TWS...

Staying within the spirit of SEC regulations, different brokers have been handling the issue (i.e., when to release the buying power from previous trades) slightly differently in IRA/cash accounts. IB has been slow to respond in this regard. It is good that they are at least now thinking of...

IBsoft, Is there any list of known bugs anywhere for the users to see? It will help the users not to run into the same bugs that IB is already aware of.

Some companies (specially the big ones) do let their employees invest their 401k money with a specific broker. You might want to ask your 401k representative/HR if there is any such plan offered. Also remember to ask if any fees associated with it. If you have worked with other companies...

Do CyberTrader charge a minimum of $1 fee for each partial fills (on the same day) of a single order?

Scottrade would be a bad idea. The good thing about having Scottrade as your first broker is that you are going to like most other brokers when you switch out of Scottrade. Etrade is a less bad idea. However, if you open an account E-trade, you actually still have to pay at least $9.99/per...

Is the broker's stock research capability important for you? How often do you plan to trade? Do you plan to short a lot? How important is commission for you? Are you willing to use this 10k for your practical educational purpose?

Usually bigger firms tend to have better available short lists. Ameritrade (not Izone) is lot better than Scottrade specially if you use their direct routings and trade triggers. Among the direct access firms, IB's short list is better than the most.

But don't forget that the most per-share brokers have a minimum commission which is typically $1. Therefore, you'll have to pay at least that minimum commission even if you just buy just 1 share.

-------------------------------------------------------------------------------- Quote from Dr._Bob: I would like to see the OPEN price in TWS. -------------------------------------------------------------------------------- I also would like to have an option to see the OPEN price in TWS.

IRS' capital gain rules have changed many times in the past years. I am not sure a April 2000's publication from a non-authority will still apply when anyone will actually starts getting disbursement from a traditional-IRA. Roth IRA's distribution is tax free if it meet's Roth-IRA's...

TS software charge is $0 for moderately active traders (e.g., 25000 shares/month or 100 contract/month, etc.). A few other things one should consider: -Commission structures for TradeStation Securities an IB for equities and options are practically very similar. -TradeStation securities'...

Toonces, When you are ready, let us know how you liked/disliked ProTrading Sytems & TopGun Software. Do they live upto their ads? For example, how are their short lists, execution platform, hidden fees, customer services, etc. How are the executions for Nasdaq and NYSE stocks, etc? Thanks.

Specialists can see the stop orders. Market makers should be aware of the order flows (including stop orders) of their books. Market makers also have the access to Nasdaq level III. General people have the access to Level I or Level II. It's possible a market maker can benefit by delays the...

Market makers generally can see your stop orders. For example, if a lot of other people also have tight stops regarding the vicinity of your sell stop order, and also a lot of other buy orders , then it is possible that market makers can trade against you after peeking at the order flow. In...

Given the fact the customer services people of IB are often cold, rude and impolite, I cannot blame a poster for posting their IB down issues while trying to resolve it with the broker itself.

There was a link from inverstorsguide.com saying: ________________________________ * Your Discount Broker - Day traders can pay $30 to trade in and out of any stock for a full day. ________________________________ That link now goes to http://www.ydb.com/. You may have to ask them if...

Is it $0.0004 per share or $0.004 per share?

E-trade is not necessarily the worst broker--perhaps one of the top worst brokers. Their system problem and calculation error issues are notorious. They also have quite a few hidden fees. Why/How did you get trapped into E-trade at the first place?