I think IB is the biggest bubble that needs to burst

I have traded without more issues than other situations of disorderly market.

Bought and sold put on gme, got 7 diagonals put out of 10 filled in AMC.. it went on and off, halting, sec shorting limitation... But nothing new really.

I am more annoyed from the ib warning letter overnight (at market closed) refering to changes to leverage and warning about MY options in the money on those high risk stocks.
I knew I didn't have any (except very dotm AMC diagonals) but still double checked.

We know how this mess was caused by word of mouth online... pushed by who knows who.
I think we should all be careful in not causing more stir, specially against the broker who holds my savings, on my side.
Regulators will step in and make all of our (retail) trading more difficult.
I could drop a list of stocks I own for push long, but not support failures. Unless we are talking about Herbalife...
 
cesfx said:
I have traded without more issues than other situations of disorderly market.

Bought and sold put on gme, got 7 diagonals put out of 10 filled in AMC.. it went on and off, halting, sec shorting limitation... But nothing new really.

I am more annoyed from the ib warning letter overnight (at market closed) refering to changes to leverage and warning about MY options in the money on those high risk stocks.
I knew I didn't have any (except very dotm AMC diagonals) but still double checked.

We know how this mess was caused by word of mouth online... pushed by who knows who.
I think we should all be careful in not causing more stir, specially against the broker who holds my savings, on my side.
Regulators will step in and make all of our (retail) trading more difficult.
I could drop a list of stocks I own for push long, but not support failures. Unless we are talking about Herbalife...
More...

Good to see you are able to trade no problem. Still it's good to diversify your trading accounts across multiple brokers. It's not good to put all your savings concentrated in one broker anyway.
 
Thanks for the advice, but when you barely reach minimums to learn how to manage a tiny portfolio by protecting it somehow and using low or no leverage, can't split it. Maybe one day.
I checked the link about leverage change, I can't blame them for protecting themselves. I am not effected, but probably would have appreciated the info, email included, during market open.
 
to me, IB is the #1 broker pound 4 pound....when you consider all things

global market access - dma
balance sheet
cheap commissions in US
pro and lite package
option analytics
BB TV
research add-ons
API

there are bad things about it, like if you are a futures trader, you can't chart spread trades properly

charts aren't the best but gets the job done. - but there is no additional cost for their platform. I've deleted my other charting platform bc i no longer needed to pay bags for all the fancy stuff

platform is relatively stable

and when there were disasters like negative OIL prices or SNB intervention, IB showed integrity by taking losses when the fault was there own. They didn't leave the clients hanging out to dry.

i don't mind that their margins are more expensive but i can appreciate that's a problem for others. But for me, i don't have an issue with capital.
 
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ZBZB said:
No, it will harm the wealth of people who are short when it is bought.

In other news, Resrrictions on Reddit/meme stocks have been lifted at IB.

https://ibkr.info/node/3763
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This is NOT true. The restrictions from IB is still on. The above link is invalid now and points to a page that is not found. I knew it's too good to be true, an a$$ of a broker like IB. Anyway Fidelity is allowing buying GME shares. So going over to Fidelity...

I have no positions right now so will be moving all my funds out...
 
JSOP said:
This is NOT true. The restrictions from IB is still on. The above link is invalid now and points to a page that is not found. I knew it's too good to be true, an a$$ of a broker like IB. Anyway Fidelity is allowing buying GME shares. So going over to Fidelity...

I have no positions right now so will be moving all my funds out...
More...

how does fidelity stack up to IB in terms of options trading and do they offer a program even close to TWS? I have my IRA in fidelity and trading account at IBKR.

wouldn’t for sure switch but curious.
 
zghorner said:
how does fidelity stack up to IB in terms of options trading and do they offer a program even close to TWS? I have my IRA in fidelity and trading account at IBKR.

wouldn’t for sure switch but curious.
More...

I will find out myself cuz I am thinking of moving over to Fidelity myself... They are the only ones allowing buying right now apparently according to WSB
 
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