Is IB a Bucket Shop

Is IB a bucket shop?

  • IB is a bucket shop

    Votes: 19 18.3%

  • IB is not a bucket shop

    Votes: 64 61.5%

  • IB can be both

    Votes: 21 20.2%
  • Total voters
    104
Quote from jimrockford:

Perhaps the damage this "pole" does, to IB's reputation, will be limited by the fact that the pollster doesn't know how to spel.
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:D
 
Sorry about the spelling people. The market was about to open and I didn't check my spelling. Also I would like to remind some of you that I was defending IB.

Thanks again for taking the poll.
 
Quote from hoodooman:

I was talking to a broker/trader last night who said that all brokerage houses were bucket shops, i.e., they take the other side of your trade.

I told him he was wrong because IB was one broker who would route your order to other ECN's.

Then he got loud and bad tempered and that ended the conversation.

So what do you think?
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what is a broker/trader?. someone who can do neither well.

his temper is the clue he doesn't know anything.

title of thread is disgusting.
 
If IB took the other sides of my trades, they'd lose lots of money.

This thread is kinda dumb. IB is a superior broker. Always has been.

Lots of penny-ante outfits must be feeling the heat, judging from all these bogus "IB Did This or That" threads!:p
 
Sorry about the thread title. I never meant to disparate IB.

Perhaps one of you could suggest another way of stating the question.
 
Nice, I voted "IB is not a bucket shop". Different choice is no-brainer for anybody who works for other broker.
 
Quote from walterjennings:

I am not 100% familiar with how all this works. The reason I would have an issue with IB taking the other side of my positions is that they then have an interest in seeing my trades fail. Its like a doctor owning the graveyard next door :p I am unsure if there is anything they could actively do to make or break my trades (maybe something to do with hunting stops and limits). or possibly forerunning or making sure they get the other side before they decide on which price they will give me my side at. but it would make me feel better if they didn't have a stake in my trades.

On the other hand I do like the idea of faster execution of over the counter securities provided by them taking the other side. So I am sitting on the fence in this issue.
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that is if IB can give you poison, like that evil doctor who owns the graveyard next door.

but a bucket shop has no control of the market. You are your own doing.

p.s. This is not to say brokers have no advantage of being a MM.
If a broker is also a MM, they have the advantage of getting your other side first, before sending it to the floor. They can choose the "better" deals, especially in options, where the probability of success for them is higher. But this has nothing to do with the outcome of the trade you chose. You decide your own fate.
 
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