Interactive Brokers stealing a few cents from everyone?

Quote from NumLock:

You know what your problem is. You are too dumb to understand.

I sincerely doubt you are a successful trader. Maybe you are a semi good swinger.

But a successful day trader you are not.
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this person has a major attitude problem. time for ignore...
 
Quote from QuikrRetirement:

this person has a major attitude problem. time for ignore...
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just don't expect me to lose any sleep over it :cool:

I got "attitude" problem because I am free man and speak my mind

something a cubical slave like you don't understand
 
Quote from tomahawk:

Closed Saturdays. Not sure what time you can log in on Sundays, I think it's mid afternoon sometime.
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Didn't know that. I do work Saturdays sometimes in the Office, and often need to log in.

Seems like some guys like (I didn't say love) IB, while others hate IB. The debate rages on...

As for the OP, if IB is really shaving pennies, that isn't going to go over well when the outstanding, genius talking heads at CNBC get ahold of that. Are you in a position where you can have a 3rd party audit what you bring them on IB? I'm curious about this one. Hope it isn't true... With the volume they run through ed, 1-2 cents per account/trade would be massive. Especially if it's been going on for a while!:eek: Hope that isn't the case with them.
 
Quote from NumLock:

My login right now won't work. Maybe other people can try theirs.
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I just logged on to TWS without a problem. Of course none of the markets I look at are open now.
 
Quote from samovar:

I keep track of my trades separately using an Excel spreadsheet (because Interactive Brokers doesn't have a nice list of trades and the running cash after each, like a bank statement). I got all formulas right, and for a year since I've been doing this, my numbers matched IB's spot on.

But starting from February 2010, every few days I've noticed a rounding error of 1 or 2 cents, almost always in IB's favor. In other words, if my running cash was, say, $50,123.45 according to the spreadsheet, in the daily e-mail statement, the Ending Cash would be $50,123.43, which is 2 cents less. This can't be a calculation error on my part, because no fees or commissions are 1 or 2 cents, and I doubt it's rounding error in Excel because it hasn't happened for a year, and because it's too large (2 cents for a change in running cash amounting to at most a few thousand dollars).

Has anyone else been noticing their calculations not exactly matching IB's?
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Probably a result of dividends and/or interest calculations. Far as I know these are recorded out beyond the second decimal place, and the numbers are rounded off for presentation to the user.

Otherwise, you can always compare your records line-by-line to the account statements/trade confirms provided by IB to find the source of the 'leakage,' and of course confront IB with the problem. That is, if you think a couple bucks a year (at most) is worth the effort.
 
I managed to log in here is how it works

ibquestionableorders.jpg
 
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