Does $10m in funds at IB give you any preferential treatment?
- Thread starter tonyf
- Start date
Already have this - does not make much of a difference.
I am looking to negotiate rates and have a key account manager of some sort. One point of contact.
Robinhood offers preferential treatment with only $1 balance. You pay $zero in commissions even without negotiating. 
IB will tell you flat out that their commissions are non-negotiable, even via a key account manager. And usually it’s the commissions that matter, not your balance.
But in the past I found you could open a new IB account via an introducing broker like LightSpeed. They offer IB/TWS platform as an affiliate and with lower commissions, and you sign up via IB website but with an affiliate code / co-branding, though I’m not sure who then does your clearing and provides statements, whether IB or LightSpeed. You could try exploring that route though.
IB will tell you flat out that their commissions are non-negotiable, even via a key account manager. And usually it’s the commissions that matter, not your balance.
But in the past I found you could open a new IB account via an introducing broker like LightSpeed. They offer IB/TWS platform as an affiliate and with lower commissions, and you sign up via IB website but with an affiliate code / co-branding, though I’m not sure who then does your clearing and provides statements, whether IB or LightSpeed. You could try exploring that route though.
And when the market gets volatile and you can’t trade you will wish you had a real broker
Of course you want lower Commissions, but far more money can be made (or not lost) with good customer service.
Some prefer to call it diamond hands.
Any suggestions?
rofl. mate.