I did not know it myself until I got my statement from Penson.
Another good feature that I like is its unlimited checkwriting as against
IB which allows only one free ACH per month.
Some one said that if you have $35k free cash at IB it will even
out but I doubt it.
Moreover who cares...
You are just a parrot repeating same thing and have no manners. I don't have to give you any more specifics since it is matter of my choice to take what I consider a better deal. It is well known that IB does not pay any interest on $10k. What more specifics is needed?
I have no reason to disbelieve you or him but aggressiveness with which he defended IB just made me pay him in the same tone.
I know your policy since I said before, I did investigate your company before I decided against not funding it. You can find my postings on your own forum since I...
Don't you understand English?
I already denied your accusation and I do not work for any broker.
I will be only too happy if you can find me a job at IB.
To whom ?
YMMV. Same shoe does not fit every one.
You may have different needs from mine. I did not need all the bells and whistles of IB and am quite happy with them so far.
I have noticed that MBT has made many welcome changes to their policy.
I would not like my $10K sitting with them...
I don't have to suspect but you convinced me that you do work for IB or have some other relationship with them to be so upset and are getting so nasty on just one post when there so may other post on this forum such as http://www.elitetrader.com/br/index.cfm?action=view&R_FirmID=43&start=11...
I already said that MB T has a better deal for me.
Not everyone has millions sitting in cash to get better interest rate from IB.
Just because they posted their policy does not mean that it is fair to all the customers. In the same vein I think most of the credit cards and credit bureaus...
I can handle spam by mass deleting my in my inbox but I do not want to give my telephone # to any one.
They will sell it to telemarters and make more money than spammers and google does now.
I tried to open an account since there is no minimum and I wanted see their research pages but I was told that they have no licence to do business in TX.
Should I cheat and give them my old out of state address if they do not verify my address?
I realize that most of you have been trading full time for long and I am just a novice. I have just opened my account at MBT because it does not spend any money on advertising and I did not know there was anything better than Scottrade for commissions.
Now my question is about the quality...
IB sucks too because they do not pay any interest on cash balance of $10000 and make it hard to withdraw cash more than once a month.
How can one be always fully in stock?
Many one line banks are paying >4.25% interest with complete liquidity.
I have given up the idea of investing in bonds since their principal can flulctate with rising rates/