Unethical Conduct by IB

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Quote from TRADERguy:

858.4

Thats the version that howard from ensign is telling ensign users not to use and some Sierra Chart users have had problems with it as well. Connectivity to tws issues though.
 
LOL. Although I'd like to hear IB's analysis of this too (did they receive permission from the original poster yet?) on every other level you are:

1) wrong; and
2) a complete wanker.

Thanks for the opportunity to tell you that JimmyJam :)


Quote from JimmyJam:

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Still waiting for IBj to post and to "hear your side."

Their SILENCE is speaking VOLUMES, and it should be pretty obvious that IB's "side of the story" is that they real don't give a damn about the small retail trader. GOD! Interactive Brokers really is the wrong place for the small retail trader to go to.

I'd avoid it all costs (unless you're a bigtime trader here on ET, then when they screw you over you can post and get instantaneous response OR you are trading in the hopes of getting totally screwed over and better yet, may need to come up with money if you suffer through the same thing that trader guy has experienced).

***

Good alternative brokers that I know of:

Forex
OANDA (PM the Forex guys, I'm sure they'd be willing to help on this one)

Futures
Probably Anyone Else (ie, Global Futures, MB Trading, Tradestation Securities, etc. etc. etc.) you name'em, they're probably better than this clap trap.

Later,

Jimmy
 
Quote from kiwi_trader:

LOL. Although I'd like to hear IB's analysis of this too (did they receive permission from the original poster yet?) on every other level you are:

1) wrong; and
2) a complete wanker.

Thanks for the opportunity to tell you that JimmyJam :)

Kiwi_trader,

I only wish I could have put it as succinctly as you did!
 
That's OK.

I don't use (non) Interactive Brokers.

And thanks to reading about what passes for their crappy service, lost data feeds and poor beta testing of bug riddled software in these threads, I never will.

Best Regards,

Jimmy :cool:
 
u see, prob is that u'll never know how much better off u really are with another broker; ib has huge biz here on this board'n'traders openly discuss'n'complain 'bout occurring' issues'n'it is logical to assume all other brokers out there have da same if not more prob than ib but u don't get to hear 'bout that often...for cryin' out loud look at etrade'n'scotttrade, a nightmare come true, innit[?]
'n'by da way these are more like singularities than persistent issues, in reality ib is a fine broker all 'round, u just cannot complain much, service has been very good for a long long time, this is just a bad period they goin' trough imo, cuz software glitches'n'bugs.
 
We stay at IB, and we complain, because we know that if we leave, we will be worse off. Better to stay with the best deal available, and give constructive criticism to help make it better, than to leave and have to choose among the inferior alternatives.

It is in our best interests, as IB customers, to defend IB against unfair criticism in these forums. If we help give IB a fair hearing in these forums, I think this encourages IB to continue doing right the things it does right, and especially to continue IB's highly productive and praiseworthy interaction with retail customers in these forums.

P.S. I agree with Bitstream that IB has a long history of strong reliability, and that only in the past days has it hit an extremely unusual rough patch of technology problems.
 
Another angle on this "you must see red" thing. Day orders are cancelled at the end of day. The very reason they are used is so a trader doesn't have to be at screen watching while it expires/cancels. You come in the next day, the orders are gone, no change in positions, and you must not be expected to do further analysis on your audit trail, calling IB, etc, to confirm. It is customary in the industry to use these orders and to expect the cancellation to take place without having to worry if there are position changes out there in the netherlands unbeknownst to the trader.
 
I think y'all stay at IB because they're the cheapest broker around for retail. Somehow no one ever adds in the costs of missed executions or bad fills to the cheap commissions to calculate the actual commission cost.

Before all of you start clamoring that you're the kingpin of equities or commodities, all brokers are open to negotiated commissions if you actually do the volume many of you claim.

Why dont we start a poll to see if the original poster should get his money back from IB? I'll start and vote "YES".
 
There is no comparison to IB. No broker is perfect and all make mistakes just as all traders do.

IB is by far the best broker in the marketplace.
 
Quote from tomcole:

I think y'all stay at IB because they're the cheapest broker around for retail. Somehow no one ever adds in the costs of missed executions or bad fills to the cheap commissions to calculate the actual commission cost.

Before all of you start clamoring that you're the kingpin of equities or commodities, all brokers are open to negotiated commissions if you actually do the volume many of you claim.

Why dont we start a poll to see if the original poster should get his money back from IB? I'll start and vote "YES".

Don't you know how to create a poll on ET?
 
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