Really IB....really? Now you're just throwing branding and marketing at us...even your "pro" users?

[TradeZero_Billy]

Hey all,

I totally understand the frustration. The screen looks very clustered. Try looking at the trading platforms offered by TradeZero America at tradezero.us

It's very intuitive to use.

 

[terr]

And the "IBKR PRO" in the upper righthand corner to mock me and other EU clients who can't get access to Lite.

AFAIU, IBKR Lite has no access to TWS anyway. So no one sees "IBKR Lite" in the upper right hand corner.

 

[maxinger]

The angrier and more frustrated we are, the more $$$ we lose.

Always have 2 or 3 or even 4 broker accounts.

I don't really fancy IB but there are some plus points about IB.
So I am still keeping IB even after so many decades !!!

do note that each brokers have plus and minus points.
If the minus points are too high, delete that broker account.

 

[VixTraderdf]

I agree I dont like seeing it. Im paying for data, not to see ads.
I might switch over to TD. Unles IB wants to add some tools like they have. "performance profile" is severely lacking.

 

[ktm]

I heard another broker was eliminating commissions today - at least on certain products. I wonder if IB is having these discussions given the current trend. I also wonder if they are losing accounts to the folks that have dropped commissions. Even though commissions tend to be a smaller percentage of total revenue for most, I would expect them to try and make it up by selling pieces of the screen or finding other ways to monetize the attention of the captive trader via the interface.

 

[Cdntrader]

I heard another broker was eliminating commissions today - at least on certain products. I wonder if IB is having these discussions given the current trend. I also wonder if they are losing accounts to the folks that have dropped commissions. Even though commissions tend to be a smaller percentage of total revenue for most, I would expect them to try and make it up by selling pieces of the screen or finding other ways to monetize the attention of the captive trader via the interface.

I'd gladly accept data driven marketing with open arms if they want to eliminate commissions.

 

[ET180]

Always have 2 or 3 or even 4 broker accounts.

Always have 2 or 3 or even 4 broker accounts. That's a hassle to manage and if one qualifies for portfolio margin, it will likely reduce overall buying power. Example, say someone has $200,000. If they split that across 4 accounts, they will have 4 accounts with RegT. If put in one account, it can use portfolio margin. Doesn't matter for those who only go long stock.

I wonder if IB is having these discussions given the current trend.

I'm sure they are. For a long time, more than a decade, they have been claiming to be the lowest cost online broker for active traders. They implies they should at least match what TD and Schwab are offering and currently TD has lower commissions. Although they might claim that TD sells order flow and IB gives better fills, that's hard to prove and convince others that they are really delivering better fills despite the higher commissions (for limit orders, they can't). I suspect they will at least drop stock commissions to zero for the pro product and remove the minimum commission on options, possibly by requiring the user to use the same routing as IBKR lite. Basically, they add another option under routing options called "zero-commission" which matches what TD and the IBKR Lite product does. Just speculation...not sure what they do.

 

[Specterx]

It's one thing to show ads in commission-free "lite" accounts for the Robinhood crowd. Definitely rubs me the wrong way to do so in pro accounts where we are ostensibly paying for the data.

 

[El_Cubano]

Hey all,

I totally understand the frustration. The screen looks very clustered. Try looking at the trading platforms offered by TradeZero America at tradezero.us

It's very intuitive to use.

You guys wont open an international account for me. I've tried emailing numerous times.

Im an American in Canada. Which allows me to use international brokers/rules. With IB for instance I dont have PDT since located in Canada...But you guys wont open an account for me and emails go unresponded to. So not like you guys are doing any better.

 

[El_Cubano]

AFAIU, IBKR Lite has no access to TWS anyway. So no one sees "IBKR Lite" in the upper right hand corner.

Exactly...No need to have stupid "pro" branding...the lite people dont have access at all...We know its "pro" ... cause we're paying for it...no need for self aggrandizing promotion.