Are IB blackouts really that bad? And that often?

[OldTrader]

Quote from chud:

With many low-cost brokers, if their system goes down you can call them up and have them exit or manage your positions. Friday at IB though, if you could even get anybody on the line, they could only tell you that they don't know what's going on or when it'll be fixed.

There are advantages to using IB, but be advised that their outages are more severe and potentially more dangerous than most of its competitors.

So what you're saying is that if other broker's servers go down, all you gotta do is call them up and exit your position??? LOL! What part of "servers down" did you not understand?

IB is no more "potentially dangerous" than anyone else. If the servers go down, you won't be exiting...period....through anyone. This is why you need a backup account, regardless of who your broker is.

OldTrader

 

[chud]

Leave this thread alone OldTimer. As you've proven yourself time and again to be a blind Peterffy nuthugger, your thoughts are not wanted.

Quote from OldTrader:

So what you're saying is that if other broker's servers go down, all you gotta do is call them up and exit your position??? LOL! What part of "servers down" did you not understand?

IB is no more "potentially dangerous" than anyone else. If the servers go down, you won't be exiting...period....through anyone. This is why you need a backup account, regardless of who your broker is.

OldTrader

 

[OldTrader]

Quote from chud:

Leave this thread alone OldTimer. As you've proven yourself time and again to be a blind Peterffy nuthugger, your thoughts are not wanted.

My, my! LOL! Point out a flaw in your logic and you off the deep end eh. Carry on asshole, but rest assured that as you post more bullshit, I'll be here to point it out.

By the way IB, please forward your check. Assholes like this are making me earn my "shill" pay. LOL!

OldTrader

 

[OldTrader]

Quote from kiwi_trader:

I, like many others, have years of service from IB and thousands of trades with virtually no problems. I unlike most of the whingers have also had a number of other brokers so I lack a naive view of brokerages, the internet, and technology, and know enough not to trip over my own issues.

Just thought I'd point out that this excerpt from kiwi's posts pretty much sums up my thought as well. I've been with IB for approximately 7 years now. Not many problems. But certainly a problem like the outage a few days ago simply reaffirms that nothing is foolproof, and that therefore you need to accept some responsibility yourself. A backup account is a part of that. I also have multiple computers, multiple ISPs and a smart phone to access mobiltrader. None of this is very expensive.

I've had brokerage accounts now since 1966. We used to have problems like the phone going out, etc etc. IB is good in my opinion. But they aren't perfect. So planning for problems is simple prudence. By the way, this is also true for any other broker.

OldTrader