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With all due respect, no one is going to get (nor should they expect) the same "quality" or level of customer service from IB as one would get from, say, Merrill. The latter charged me over $230 to execute a trade that would cost less than 8 bucks with IB. Merrill excels in customer service and...

Re the complaints about customer service, what are these complainants calling about and how often do they need to call about whatever it is?? I've had accounts with many firms, some for many years. I can count the number of times I've contacted them on one hand (maybe fewer) with the...

Have to agree with this assessment. However, I think I'd prefer to run a hedge fund than be an investment banker. I suspect few hedge fund managers ever put in 100-hour weeks.

Correct and the any loss would have to be carried forward (and applied to the cost basis) of the stock bought back in the next tax year (e.g. December 22nd loss on 1000 QQQ increases basis on 1000 QQQ purchased on January 10th). The actual month makes no difference. So you can either...

You should consult your tax adviser for definitive answers, of course, but the information I have is as follows: 1) NQ, being a "regulated futures contract", is a Section 1256 contract. 2) As you probably know, wash sale rules apply to losses (and only losses). Wash sale rules do not apply...

Are you using I.E.? Go to TOOLS ----> INTERNET OPTIONS and select the ADVANCED tab. Scroll down to MULTIMEDIA and uncheck the box next to SHOW PICTURES. Voila! No more frightened pets. If that doesn't work, consult with your vet as there may be a doggie version of Xanax now.

Single stock futures are expected to begin trading sometime in Q2. As far as IB offering them, I don't know why they wouldn't since the matching engine will be CBOE's screen-based trading system and Globex will have direct access to that system. The following are expected to trade at launch...

DEM, Nope, here's the relevant info from their web site: If you have a US equity or option Non-Professional account, you may choose to receive no market data. In this case you will be charged an inactivity fee of $3 on the first of each month, less any commissions you spent in the...

Def wrote: "Minimum Savings: 160-60 = 100 per day. assume 20 days per month = $2000 per month = $24,000 per year." Of course, with this kind of volume, one could further reduce the commissions by trading e-mini Naz contracts rather than the QQQ. Minimum Savings: $60.00-$19.20 = $40.80...

True indeed, drbtk. Further, customers who typically have more than a nominal amount of cash sitting around in the account (and trade infrequently) should probably look elsewhere. Doesn't matter much at the current rates but, under more typical circumstances, funds waiting to be invested (or...

Thanks for responding, ktm. That's what I thought originally; regardless of how much cash one has in the account, IB pays no interest on the first $10k, then LIBOR minus 50 BPS for any amount over $10k up to $100k, and then LIBOR minus 25 BPS for any amount exceeding $100k. Thanks for...

Okay Def, now I'm confused (and here I thought I had figured this out). Is $10k the threshold then? For example, assume a customer has $11k in his account each and every day of a given month. Would the customer receive interest on the entire $11k or just on the $1k (i.e. the amount exceeding...

Below are the relevant NASD rules (hope they help): (f)(8)(B) Day Trading (i) The term “day trading” means the purchasing and selling or the selling and purchasing of the same security on the same day in a margin account except for: a. a long security position held overnight and...

Can't speak to IB in particular but I download several other accounts to Money 2002. Trades don't seem to appear until after settlement.

Just thought I'd update this discussion with Tradestation's new minimum trading requirements. For equity accounts the miminum is now 20 trades per month (60 per quarter).....that's executions, of course.

Thanks for the informatioin. Sounds like it will work for me.

Try any search engine and use keywords such as "Naples, florida, internet access, vacation, rental". You should get a ton. Comcast is the cable provider in that area and they offer high speed internet at certain locations. DSL is also available in certain areas. Here's one URL as an...

Does TWS have the ability to retrieve options chains or must each option symbol (or the underlying, expiration date, and strike price)be typed in manually? The "options" tab does not exist in the demo. Further, it appears that the demo does not permit the entry of options. Thanks!