Quote from Bob111:
3 pages of threads ALL against IB, blaming for all kind of stuff...
i doubtâs, that you have time to trade anything..
Well, unless you think I need spend 24 hours x 7 x several months to make 60 posts, I don't see why you think I don't have time to trade.
You made even posts 1699 over the years. So do you have time to trade anything?
Iâm not in love with them either, but from my experience they waaaay better than a most of discount brokers. not to mention array of products and markets IB offer..
Show me another broker, who will have list of same products at same price.
Can you? If you canât, i suggest you to STFU..
So you love to have so many products with you, don't you?
IMO someone just need focuses on one or a few markets. Who is going to trade everywhere? The so-called benefits of a wide variety of products only fancy those trading newbies. If you know for sure which market suit you best, you just need to stick with it. Then find the brokers who offer the best price for a few products you trade.
Let me tell you some weaknesses of IB:
1. Negotiable: The prices of IB are not negotiable! It is not suitable for big traders who trade with big volumes daily as they can get cheaper price from a negotiable broker. The price is so low that you may not believe it. Well that's another story.
2. Responsive and quick to respond to individual needs: Any broker allows me to use the third-party data without subscribing their own. IB forced me to use its second-rate data before I can trade (otherwise bombarded with the persistent popup). Nothing is done after several months. What if I have bigger problems in future? Will IB just leave me alone? The issue alone is no big deal but it reflects IB business model and how IB honours and satisify individual requests.
3. Inflexible: IB is just a bureaucratic broker which won't adapt to suit your needs. For example I heard someone's account was being locked up for some reasons. He asked the customer service to unlock. They said nothing could be done. Please wait for the next day. Well a flexible broker will unlock him after a few minutes.
how long you are with IB?
Less than half year.
You are US-based so you would not be interested in my broker. Well I tried IB because I heard good things. But it turned out to be a mess. Anyway PM me if you want further info.
Enough today.
Bye ET.