Search results

In other words, cheap service for cheap customers.

Yes, you can place daily orders in excess of your buying power. I was doing this many times. I can't tell you for sure about overnight, probably yes as well.

Did you ever do international wires [and this guy is from New Zealand] requiring up to TWO correspondent banks filled into IB form? I bet you didn't otherwise you would learn this is not as simple as someone inexperienced may expect.

because of just like this reason the instruction has Paragraph 4: "When your ticket is entered go to the chat with its # and ask someone to resolve it." And always do screen-shots.

MidKnight, you're doing as ineffective as it gets. Here is my experience how to deal with this strange firm. 1. Do not call them and try to chat less. IB does not care of not documented communications 2. Create/collect a documentary proof of your account is frozen: screenshots, correspondence...

I can not explain why the 1st trade was allowed but the 2nd rejected is okay considering the account was funded only yesterday.

It looks like your account was funded today or yesterday. In this event credit manager won't allow margin trades until tomorrow. As for the 1st trade, it was probably in cash.

...and the account holder must be executed :D Seriously. I have 2 inactive accounts: one with Ameritrade (automatically transferred from Datek ~4-5 years ago, zero equity from the moment of transfer), another with E*Trade (6 years inactivity, $5 equity).

Automated Customer Account Transfer Service You should make the information more exact by contacting NSCC or your broker. But it seems a debt isn't on the list of instruments handled by the system. Otherwise the receiving firm had to credit the delivering firm. Just my 2 cents.

On two occasions IB refused to care to establish a position in traded through limit orders. First time they even directly accused me of deliberate attempt to take advantage of price appreciation, speculating that I reported it "too late" (it was 2 hours since the order might be executed; having...

OldTrader, Agree, most unilateral agreements aren't perfect and usually unfair for a customer. I just can't recall anything so much silly. Give us example of worse agreement if you can.

No self-esteemed customer in his right mind would accept such a defective disclaimer. They seem working towards pushing out last reasonable clients. As for SIPC coverage it gets involved only when a brokerage firm fails, i.e. as long as IB stays in business you can't seek protection from SIPC...

Wrong, I shouldn't thank anyone for referral to Google :) Google isn't a smart answer and means we are talking about rumors. The problem, if such exist, is factually addressed on official web sites like SEC, openly, without allusions, like adults do.

Thank you. Looked through Etrade press releases on their web site for period Sep 2006 - May 2007. Nothing found. I said there was single documented case. I was wrong. There are 2 (two) SEC publications concerning two separate price manipulations combined with presumable account hacking...

Sounds like today IB is bearing the expenses for client damage resulted from unauthorized access? Let acquaint ourselves with operative Customer Agreement: Comments? Please give us a link to these SEC and government statements. To date I was aware of a single case registered by SEC of Estonian...

Jose don't waste your time trying to get anything material from IB especially not primary related to their business. We have had an institutional account and it took for IB several months to manually sign and mail their own Agreement. They just not created for certain things commonly accepted in...

Respect for a customer? Huh. They never respected customers. The problem isn't about STP. STP may be good or bad, it's just a symptom anyway. Lack of elementary business culture on all levels is the key. segv complained of 1 week Notice. We have institutional account also and last autumn they...

Here that means that limit prices are a way below market, and therefore in actual practice the orders can not be filled in excess of buying power even by chance. GTC, than you for advice.

Looking for a broker that allows to place a large basket of non-marketable buy limit orders in excess of portfolio buying power. MBT told that's impossible with them. It's a pity. Any suggestions except IB?

You must be a licensed broker or FA in order to set up this business. Since you're asking these questions you're probably not the one :) I think you could try to approach some pro firms, offer them your services and evaluate options.