What's wrong with IB?

This whole thing is just stupid. There are withdrawl rules and restrictions on trading with newly deposited funds. If those rules are not followed please let us know ASAP. If they are followed (or you don't know the rules) go back to the Yahoo forums.
 
Quote from Trvlwanderer:

...

I have had a couple issues, and never once thought of posting it to ET.

Let alone creating an alias to post the problem.

...... Choose whatever broker you want, and if they do not treat you right, FIND ANOTHER BROKER.

Thanks for the coffee time humor.
You are an IB employee, of course you have no guts to post anything here criticizing IB. FutureMann wants IB return the money and go to another broker. Do you understand?
 
Quote from SideShowBob:

So how did you deposit the funds? Inquiring minds want to know....
I wired in the money this Monday morning and it showed up in my account this Monday morning too.
 
Quote from FutureMann:

I wired in the money this Monday morning and it showed up in my account this Monday morning too.

Sounds like there are two issues:

1. IB wouldn't let you trade immediately.
2. IB wouldn't return your funds until the holding period is over.

#2 is clearly stated, complaining isn't going to make it better and makes you look stupid. If you don't agree to the holding period, don't send the cash. And "I didn't know" is a poor excuse when money is involved.

#1 is the real issue, did you get an explanation why you couldn't trade? If so what was it? If not, call them and ask. Maybe you hadn't configured trading permissions?
 
Quote from moarla:

well i made a test at the beginning of beeing client of IB, because some "clients" said, there was problems with withdraw.
everything worked perfect.
Many people said Ted Bundy is a serial killer. He certainly didn't kill me :-)
 
Quote from SideShowBob:

Sounds like there are two issues:

1. IB wouldn't let you trade immediately.
2. IB wouldn't return your funds until the holding period is over.

#2 is clearly stated, complaining isn't going to make it better and makes you look stupid. If you don't agree to the holding period, don't send the cash. And "I didn't know" is a poor excuse when money is involved.

#1 is the real issue, did you get an explanation why you couldn't trade? If so what was it? If not, call them and ask. Maybe you hadn't configured trading permissions?
Every brokers would let you trade as soon as you wire the money into your account except IB. If you don't let people trade, just return the money. Pure and simple! Don't use "fine prints" to rip people off.
 
Quote from TedZhang8:

You are an IB employee, of course you have no guts to post anything here criticizing IB. FutureMann wants IB return the money and go to another broker. Do you understand?

Yes. All of sudden I get a job with IB so I can defend them from an absolutely ignorant post and more ignorant co-post.

Find another broker moron.

And moron Jr. (ted), french fries are done...back to work.

:p
 
Quote from Trvlwanderer:

Yes. All of sudden I get a job with IB so I can defend them from an absolutely ignorant post and more ignorant co-post.

Find another broker moron.

And moron Jr. (ted), french fries are done...back to work.

:p
When someone's brain power all used up, he will more likely degenerate to name calling:-)
 
Quote from TedZhang8:

Every brokers would let you trade as soon as you wire the money into your account except IB. If you don't let people trade, just return the money. Pure and simple! Don't use "fine prints" to rip people off.

Let's hear why he couldn't trade immediately. Maybe he hadn't set up market permissions?

I'm sure IB is making all their profits on the 2 days of interest on his $4000. He should ask for a credit of the 3 cents.
 
Quote from FutureMann:

I funded my account yesterday morning and was not able to trade yesterday. Now, I found out that I can only trade 1 contract today! I talked to IB people and was told that I have to wait till tomorrow to trade more than 1 contract. Never had this kind of rediculous start experience with any other brokers. I hope there won't be any more weired stuff down the road.
LOL. You're really Mr. Patience (snark). Were you angry at your corn flakes as well this morning?

Banks have holds on newly deposited funds. Ever wonder why?
 
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