IBKR

derdubb

I don’t subscribe to news. I read the top 10 feed in my IBKR and that’s all I need

-mini-kuma

Already premarket trading on IBKR (UK), SKHY 3% recovery

YTLupo

You provided Liquidity for a SMART Routed Order to someone that needed it, IBKR gives position credit for that at tiems

HowIsEmuWarriorTaken

I use IBKR too but have no idea how they even calculate commission. One time they actually gave me money in commission for a trade

YTLupo

Not terrible, slightly better than IBKR they charge me 2.35 for 4 legs, they are uncapped though so if I send 2500 contracts its almost 5K in commission. Do they cap their commission?

Ordinary_News_6455

IBKR, say something about Ai or quantum please

Reasonable_Desk6324

IBKR may not be recognizing the two legs as one spread order.

g1ven2fly

there is also something really weird going on with IBKR here. The borrow fee jump from like 13% up to 28%, but that's not being reflected properly (iborrowdesk) etc. You have to drill down into IBKR to find the 28%, but it's done nothing but go up and up today.

Dependent-Cheetah401

IBKR

SearchUsual5193

Anyone playing IBKR earnings? Seems like a +5% or -5% type trade.

SearchUsual5193

Anyone playing IBKR earnings? Seems like a +5% or -5% type trade.

No_Entertainment5968

Si l'API d'IBKR est exclue, trouver un courtier qui offre à la fois une large disponibilité internationale et une API REST/WebSocket solide et adaptée aux développeurs pour l'intégration d'options peut s'avérer délicat. Vous pourriez jeter un œil à IG : ils disposent d'une présence internationale très étendue dans de nombreux pays où Schwab n'est pas accessible, et leur API est plutôt bien documentée pour les intégrations tierces. Une autre option axée sur les développeurs à envisager est Alpaca, bien que l'ouverture de comptes à l'international dépende des pays concernés. Enfin, AvaTrade (en particulier via leur plateforme AvaOptions) vaut également le détour. Ils bénéficient d'une solide régulation multi-juridictionnelle et couvrent de nombreux marchés internationaux. Cependant, gardez à l'esprit qu'une grande partie de leur infrastructure d'API repose sur MetaTrader (MT4/MT5) ; il faudra donc vérifier si leurs points d'accès API pour les options correspondent aux besoins d'intégration d'Optionsmith.

OG_Tater

What’s better? The execution is good. Robinhood you pay it but don’t see it. IBKR is higher. Fidelity is higher. They all end up costing that much but Robinhood hides it with bad fills and pay for order flow. Real brokerages at least have good fills

MrNo_Balls

Those fees are lower than IBKR...

Grey-62

This is the official response from IBKR customer support: SMART Maximize Fill is not available as a routing destination for 2-leg option combo orders. When a multi-leg combo order is created via Strategy Builder, the only available destination is the standard SMART routing — the SMART Option Routing Algorithm sub-settings configured in Global Configuration (including Maximize Fill) apply to single-leg option orders and are not selectable for combo orders. This is why "SMART MaxFill" does not appear in the Destination dropdown when creating a BAG order, even after enabling it in Global Configuration.

chiswis

why would he do dis wen i just full ported IBKR yesterday

Kingphil007

I've gone the other way from most people here. I don't automate the decisions, I automate the busywork around them. I use Options Matrix Pro as the intelligence layer, connected through its MCP to my AI agent, plus the IBKR MCP. Between the two, trades sync from IBKR into my saved positions and the journal without me logging anything by hand, and I can ask the agent to analyze my actual trade history, flag what's drifting, or pull up exits and rolls that need a look. Entries and rolls are still my call, for the reasons people gave above (earnings, a thesis breaking, sizing). What's gone is the clicking, copying and syncing, which is where most of my mistakes used to come from. So I think the future is less "bots trade for you" and more "the tracking and analysis run themselves and you make the calls." Full disclosure, I’m connected to the OMP product.

Kingphil007

I've gone the other way from most people here. I don't automate the decisions, I automate the busywork around them. I use Options Matrix Pro as the intelligence layer, connected through its MCP to my AI agent, plus the IBKR MCP. Between the two, trades sync from IBKR into my saved positions and the journal without me logging anything by hand, and I can ask the agent to analyze my actual trade history, flag what's drifting, or pull up exits and rolls that need a look. Entries and rolls are still my call, for the reasons people gave above (earnings, a thesis breaking, sizing). What's gone is the clicking, copying and syncing, which is where most of my mistakes used to come from. So I think the future is less "bots trade for you" and more "the tracking and analysis run themselves and you make the calls." Full disclosure, I’m connected to the OMP product.

Kingphil007

Yep - I now have a pre-selected watchlist of around 100 stocks that I run through a dedicated Short-Options scanner (in Options Matrix Pro) against some key criteria. I then connect it to ChatGPT via MCP and combine it with my IBKR MCP, and voila, I have the full set of research I need to help me pick my stops for Wheel trading.

YTLupo

Anyone else here ever have an exclusive relationship with IBKR? When I say exclusive I mean professionally

YTLupo

IBKR fills today where dogshit, I had them draft me a contract to see about making a market for me. Waiting for my attorney to review.

YTLupo

Has me tempted to move all my stuff over to them. I've been silent in chat this week during the day because I've had to mark out a huge excel sheet to logic check my trades. IBKR been treating me like I shine shoes for a living.

Loose_Development_24

I use IBKR, but the scanner is kind of shit

zxc123zxc123

Rude! I don't have "nothing". I gained: 1. The right to LVMH dividends (withheld and taxed by the French government). 2. The right to pay the "French Financial Transaction Tax". A 0.40% transaction value tax on all buy AND SELL value (so I pay when I buy LVMUY but also pay when I sell LVMUY). Payable to the French government. 3. ADR fees "a pass-through fee of $0.05 per share" with IBKR. Applied annually. 4. The knowledge that LVMH ~~employees~~ *[Métiers d'Excellence](https://www.lvmh.com/en/join-us/lvmh-metiers-dexcellence)* get to start work at 10am, get a 2hr lunch break at 12pm, a 1hr coffee break at 3, and get off at 5 with full health comps that keep them healthy despite their regular half-hourly smoke breaks. Even as I get none of those things working at Wendy's.

fomoandyoloandnogrow

I heard Lupo had to get rid of that nice IBKR account. Got too attached

YTLupo

IBKR placed a restriction on my account, The did it in error. I nearly had a fucking stroke mid day

YTLupo

IBKR told me expect a call from them between now and tomorrow. I could be walking into a fucking buzzsaw

MrNo_Balls

I am noticing a pattern, IBKR users tend to have wins only. Meanwhile Robinhood users is a mix of obscene wins or obscene losses, I wonder why.

contyk

That's what I do, too. We also use EquatePlus (albeit with the common 15% discount) and I just transfer my shares to IBKR, for free, and sell there when I feel like it.

AdAccomplished7130

5 months live selling options on IBKR: \~4-4.5%/month CA based in Dubai. For the past 5 months I've run a systematic, defined-risk options-selling strategy on a live IBKR account. Happy to discuss the approach in the comments.

pigeon_shit

Really? I made IBKR just for the Claude connector… they email me daily to fund my account.

Much_Candle_942

How to find out the option contract specification with respect to dividends, in IBKR? Call options. Dividends with options can be handled in two ways. Price unaffected - because the drop in underlying was accounted for before the dividend date.  Price drop - contract specification only stated "right to buy 100 shares" ignoring dividends - in which case, holder is advised to exercise/sell the option before dividend. I'd like to know where can I check this for the specific calls I hold.

RiPFrozone

Pretty much all major brokerages do PFOF now (even dinosaurs like Fidelity recently introduced it on equity trades), that’s just how the industry has evolved and the one good thing robinhood revolutionized. It’s what allows fee free trading since PFOF is much more profitable for a brokerage. Second, if you have real money you want real support. Robinhood support is some of the worst in the industry, I do not believe you can even call them and get an agent on the line whenever you run into an issue. Fidelity, Schwab, IBKR, etc. all have agents ready to speak to whenever you want to call them. The GME fiasco is the biggest reason you shouldn’t trust robinhood, they aren’t at the same level of liquidity as the big brokerages. That type of thing doesn’t happen at Fidelity or Schwab. Any real investor is going to use Fidelity, Schwab, Vanguard, IBKR. And any real trader will use IBKR Robinhood is decent, but if you have more than 100k in your account you are doing yourself a disservice using them. If you have an account for their credit card + Roth match it’s one thing, but if all your investments are in robinhood I would look elsewhere. They have a long ways to go to before I’d comfortably put my retirement savings in them.

Tranxio

IBKR

DrXaos

people who are serious day traders will care about execution and may to to IBKR

Orangebathroomtowel

Idk man, maybe you got lucky with your programs (or I unlucky with mine), but I really disagree. There might be one or two great profs, but 95% of what you do in undergrad is bland, not in the least tailored and sometimes completely outdated. Anyways, how do you think people should prove their knowledge? With AI, questionnaires can be cheated easily. In fact, I did that exact thing on my first account with IBKR (I switched anyways because they wouldn’t approve me for the things I wanted).

shanzid01

r/IBKR

Salt_Contract342

Yup buy under $150, sell over. I said this before (of course lots of ppl have seen it too) that sale at $140 was a buy that would have paid today at $160. I did not even take my own advice on it, coz retarded. Jokes aside, I might just dedicate my IBKR "gambling" account just to RDDT swings for a bit

yournansdaddy

IBKR

music_is_gud

Oof I have a gambling port on IBKR too lol but it's total value is like only 8k lol and I do only leveraged plays there

Federal-Watch

It’s my more aggressive port on IBKR, I refuse to call it a gambling port, it’s my “aggressive strategies” port. Has a mix of short straddles that you really shouldn’t sell and some directional bets. I bought the QQQ put spreads at a bad price and they were the biggest loss on the day :hmmm:

YTLupo

Did you ever submit your ID to verify your account? Unless you move to IBKR they are all the same they all route your orders to the same place. Be advised though IBKR is slightly higher in fees but they do comedown if you do alot of trading

NorthOfTheStrike

Schwab won my tests. IBKR SMART split the combo into separate leg prints too often. Native complex orders at Schwab posted tighter net fills. Margin of a few cents per roll. Small edges add up.

Federal-Watch

I only use IBKR for my gambling account, because it’s ass :hmmm:

Grey-62

That's consistent with what I've been seeing. The executable net price for a complex order can be quite different from the implied price based on individual leg quotes. In your Schwab vs. IBKR tests, which broker consistently gave you better fills on covered-call rolls?

YTLupo

I am winning to the point that IBKR told me I have to slowdown at somepoint or I'll be placed into professional pricing lmao. Staying green has been slightly more difficult with volatility being so low is what im saying.

YTLupo

Does anyone else here utilize IBKR Darkpools?

NorthOfTheStrike

Same thing happened to me rolling covered calls at Schwab versus IBKR. I stopped assuming the quotes were equal and started treating the fill as the real quote. Complex book fills beat the sum of the legs most days. Now I just route where it fills and move on.

Focux

That’s me, IBKR is my savings account.

Grey-62

Thanks, that's very useful. I was using regular SMART for my IBKR tests, not Maximize Fill, so I'll repeat the same side-by-side test with Maximize Fill. Your point about exchange fee/rebate economics is especially interesting. My E\*TRADE fills during these tests were actually spread across XCBO, AMXO and XMIO, so the ability of the router to find the right complex venue may be an important part of what I'm seeing.

Ken385

Yes, Maximize fill is the one you want for the for best fill prices. IBKR will pass on exchange rebates/costs. There are 18 different options exchanges, and they all have different rebate models. If your order is sent to an exchange that gives you a large rebate, your fill may not be as good as if your order is sent to one that doesn't, as there are extra costs for the other side. And yes I do find there is a difference if fills. I don't use IBKR, but with my broker, I will generally send a spread order to the CBOE first for a 1 lot (no rebate) and then once I am filled I will send to other exchanges that offer big rebates to see if I am filled at the same price. Sometimes I will and sometimes I wont. But the exchange your order is sent will matter. With IBKR they charge extra for direct routing, so you need to depend on their smart router.

Grey-62

Thanks - this is very close to what I have been trying to understand. One interesting detail from my testing is that the E\*TRADE fills were not concentrated on a single venue. Similar rolls were filled on XCBO, AMXO and XMIO. IBKR support also told me that their SMART algorithm decides whether a combo is sent natively to an exchange or held internally and potentially legged. I'm currently trying to determine how my specific unfilled IBKR combos were handled. So I agree that the key question may be how broadly the broker exposes a native complex order to complex books/auctions rather than simply which broker has a “better price.”

Grey-62

Thanks, this is helpful. I was using IBKR Pro with SMART routing. When you say “set the smart router to best fill,” do you mean the **SMART Maximize Fill** routing strategy? If so, have you found that it makes a noticeable difference specifically for 2-leg option combos/rolls?

Grey-62

On IBKR Pro I was using SMART routing, not direct routing.

ash-t-1

i've mentally compared IBKR & Etrade rolls, etc, and they are about the same. curious which asset are you looking at. is it PFOF or DMA level on IBKR?

Ken385

Here's a suggestion if you are comparing fills. On IBKR (pro) , set the smart router to best fill. There are a few different settings here, such as max rebate, which may not give the best fill.. For the Schwab using TOS, direct the order to the CBOE. This may improve fills at these brokers for your next test.

2fingers

I don't know about IBKR and TradeStation, but I would think you should get the same results from Schwab. Schwab routes complex orders to 5 different market makers and some of the MM's like complex orders more than others. You'd need to do a good few iterations to make sure each MM gets a chance at the order, or if you're using their websocket streaming you can see exactly which market maker each order goes to.

Rnb42069

IBKR

demi9od

Really? What a joke. I stopped using them because fills are better on Fidelity and IBKR, and they pay nothing on idle cash.

marinervvv

Rzlv- no shares to short according to IBKR. Will this squeeze ?

Mountain_Ad6746

IBKR

FewUnderstanding2214

They charge 65 euros a month - that’s not cheap especially on small portfolio. I prefer IBKR

Technical_Meat4784

I simulate a hypothetical SPY portfolio that receives the exact same cash flows at the exact same times as my actual portfolio. I buy whole shares only for cash purchases (fractional shares allowed for dividends), carry forward any leftover cash, and deduct $1 per trade for IBKR brokerage fees. Then I compare both portfolios using the same denominator: total cash deployed. It’s not perfect but it's a clean apples-to-apples comparison.

Jealous_Bookkeeper20

100%. IBKR PortfolioAnalyst has the institutional math, but using it feels like filing taxes in 1998 navigating that portal on desktop is brutal, and good luck actually sharing a clean visual allocation with anyone without exposing your entire balance.

Aggressive-Let-8451

Does IBKR care how many trades you make per day ?   I just got banned from Etrade for this. 

princerick

IBKR portfolio analysis shows the TWR. Crazy how good IBKR functions are and how awful the UI design is.

billyb99

what broker are you using ? some brokers like IBKR have their own inhouse margin system that adds extra margin on top of TIMS or SPAN requirements.

OptimallyOOO

who are you, IBKR?

Fast_and_Curious618

Thank you for your advice. This is really helpful! 😀 I understand the technicals of options from a theoretical perspective but don't have much in the way of experience trading them (been trading futures for ten years through spread bets and CFDs). Like I said, I've traded the synthetic, OTC options on my spread betting account as a way to access higher leverage than the 30:1 spread betting and CFD cap. So this is just a simple long option, moderately ITM to increase the Delta so that it behaves more like the underlying. These are index day trades. I think the spreads are quite wide but the leverage coupled with the tax-free status of spread betting is arguably a cost worth paying. I just wish I could see the Greeks. It only shows IV. To fully understand them, I need to see them, and require them to trade multi-leg strategies. Correct me if I'm wrong but IBKR offer a delayed-data free trial account, and you have to open a real account to access a paper trading account? Did you practise in a trial account first? How was that - is it sufficient? Sorry for throwing so much at you at once but you're only the second person I've seen on Reddit who's based in the UK and trades options, and the first one wouldn't talk to me! This is from passive reading of comments; I've not tried hunting these traders down. 😆 I'm sure there are many more.

Persephone_123456

Someone said stocks will go down, and these are indicators of recession. Is it a good time to even buy at this time? I checked, i can use IBKR where i am.

barnacle9999

I buy a bunch of sovereign bonds using IBKR from various countries. Probably has most of what you want on there.

Independent-Tree-985

IBKR just sent me an email about the phishing scams out there Y'all better check on gamgam. She might be posting in r/scams right this very moment! 😨😨

Rosella2562

I understand - If you don’t have prior experience with options I definitely recommend learning about all the technicals including the Greeks, IV, bid-ask spreads, choosing strikes/expirations, etc. and doing some paper-trading too. I started with IBKR which really helped me learn options and was my favorite user interface for a long time, good P&L charting and shows Greeks in detail too! Overall very good and reliable broker. Also have Robinhood but unlike in the US they do charge commissions here (like $0.50 “contract fee” for buying or selling a single option contract- If I buy 40 contracts on a trade that can add up to $20 in contract fees alone, so something to consider), but I like their UI and they seem to update the options chain quotes faster. Best of luck with your future trades 😊🙌🏻

Eagerbeaver98

Im 100% confident they made their gains elsewhere like IBKR and switched to wealthsimple. The reason I knew it because I can tell they think very hollistically and in details just like I do as another successful investor.

klipsetrades

What rules out IBKR’s API for your use case? Knowing that would probably help people suggest alternatives that don’t have the same limitation

slideweasel

I did a bunch of study and trial for myself that has evolved over time. Tried many different ways. The way I do it now is 1. I only do them with SPY and QQQ primarily and IWM, DIA, GLD secondary when charts look stable. 2. 30 to 35 dte for higher premium 3. 15 deltas (I dont think about this much I just do) 4. Once position is taken I enter an exit. My exit was 55% profit (pay back 45% if credit received) 50% to me and 5% to cover commissions Currently since July 1 when I started doing this I am 85% success rate. As soon as I exit the position (depending on chart or if Friday wait for Monday) I re-enter position. Reset prices if you will and keep repeating. For most part I am only in the position for 11 to 12 days before exiting. As for a protection which I had to do with IWM and DIA this last week. I set an alert $5 away from shorts on DIA, IWM, GLD ($10 away from shorts on QQQ and SPY) and if breach I give it 1 day to correct or just exit. I generally lose about $100 to $200 on that position if that happens. Depends on amount risked per condor But upon re positioning I make back. As for strike distance for QQQ and SPY I use $20 from short strikes. IWM, DIA and GLD this I vary for increasing the premium but for most part $15 from short strike. I used to try to hold for entire credit but I found with IBKR if go too late it gets hard to exit and in some cases cannot exit both legs at all so I do this process. I do about 10 trades a month keeping my risk spread out amongst the 5 ETFs (when chart works) IWM and DIA arent great right now.

Eric848448

IBKR will follow the regulations of whichever country OP lives in so he won’t be able to buy non-EU ETF’s.

EUredditposter

You can deposit USD in IBKR and buy USD denominated securities. 0 FX conversions.

collodi101

I just heard that tastytrade in the US accepts EU residents. It is a US only broker, but as a US broker it isn't bound by PRIIPs/MiFID, so you can buy **US-domiciled ETFs** (VTI, option-income/leveraged products) that IBKR blocks for EU retail. I cannot guarantee that the latter is true, you have to verify it, but it is worth at least to try. I give you a reference https://tastytrade.com/learn/accounts/account-types/international-account/ As far as I know tastytrade is a platform that originally was created for option volatility risk trading. But nowadays it is just another independent broker in the US that gives you access to index funds, individual stocks, futures, option trading etc. Compared to giants like Schwabs or IBKR is small, it holds only $4B assets from clients.

Weak-Housing-8347

What to buy Monday let my MU and ASTS calls expire for 0$ time to top my IBKR and BUY Monday send me your YOLOs for the week

NecessarySpread2592

I meant historical. Collected from where? I use IBKR

YTLupo

Robinhood changed how options trade recently. The fills are GARBAGE. (I use IBKR as my main)

PurpleSausage77

Wish I was more involved back then. I only did that with one share during the actual two days of craziest idiosyncratic price action, before RobbingtheHood colluded and conspired with their favourite market makers X hedgefunds to shut it all down because they were on the losing side of the trade at the time. IBKR CEO goes on CNBC to say the stock price could’ve gone to $1000+ and “broke” the system. “System” clearly broke long before that though. Citadel & Griffin & buddies testify at Congress with their leagues of lawyers. Not a Cat DFV also summoned to Congress. What a time.

King-Doge-VII

IBKR is some dinosaur shit you might as well hire ur 102 year old demented grandma as ur stock broker while ur at it

AromaticMemory5073

24/7 trading and agents will be good for brokerages like Robinhood, IBKR, and others that stay on the cutting edge. Trade anything at anytime = $

LegitosaurusRex

Oh yeah, I do the credit card ones. Idk how you could get 3.3% from IBKR though, maybe it was during 2021 or whenever the rates were super low? I have an additional hack for US folk at least: you overpay your taxes by however many thousands you want with a credit card, and then you call in and say you made a mistake and ask for it back, and they’ll send it to your bank account. And if you wait for I think 3 months before getting it back, they pay you interest for that period as well.

LongAppointment5976

IBKR Mu call 1150 0dte for only 2.5

Easy7777

RRSP (or 401k loans) - some banks don't care how you use the funds Credit card balance transfer cards - 1-3% fee and 0-3% interest for 12 months. Funds can be sent to checking accounts or other ways to extract the cash HELOCs - My HELOCs were under 3.5% for year Portflio Margin - IBKR is around 3.3% for my Canadian loans Starting out my account I would use double margin (HELOC+portfolio margin) to buy Canadian banks that paid 5% dividends. Use my cash flow from my 9-5 to repay the HELOC and let the dividends reinvest with residual paying down the portfolio margin. Once the HELOC or CC balance transfer was paid off...rinse and repeat.

AlienSweetPotato

Nah fam! You good. Also IBKR over counts trades. If I submit a buy order of 100 shares and IBKR does 3 orders of 20, 30, 50 - retarded platform will say I made 3 trades.

Homeless0DTESPX

Webull is my main broker because they offered me 5% to transfer in, but it's buy and hold since I don't like their interface. Me not liking their interface wouldn't make me call it a "kid broker" I've had accounts with Vanguard (my first), Fidelity (for ATP), IBKR (for portfolio margin that RH or Webull don't offer, they just have Reg-T), and Robinhood. You thinking there are "grown up" brokers is comical when all five have trillions of dollars in AUM.

Square_Reach_8496

You do realize they weren't the only brokerage that halted buying right? If you disapprove of RH, then you must also disapprove of Webull, TDAmeritrade, Schwab, ETRADE, and IBKR. People are so quick to assume that RH is evil and they were the only ones that did this, when in reality, you are clueless and just a sheep.

Snail_OnA_Razorblade

Are you not paying for days from IBKR?

SleepyZM

Doesn't IBKR already have something like this?

goofedgooberIG

The money is transferred from my account now, so nothing to screenshot, IBKR won’t load my orders

goofedgooberIG

https://preview.redd.it/iw4eyda5ynsh1.png?width=2462&format=png&auto=webp&s=7bec0aee0c44ed797e6a07d5f5a4336a4dbb9e0d It was $780k at peak but IBKR charts are weird it was probably intraday.

Easy7777

No. IBKR has some of the lowest rates. The $800k in CAD margin, is around $28k in interest a year. 3.5% The portfolio pays $50k in dividends alone plus growth The USD balance is around 5% (will have to double check) and because I don't hold onto the assets for that long, I don't pay that much per month interest. Even if I do, when you are making $175k / month in realized profit it's fairly small. Margin interest is also tax deductible

memeblowup69

that's IBKR right?

Sharaku_US

I prefer SPX simply for the lower cost and better fills during RTH. If you have IBKR, Ninja, or Robinhood you can trade both 23/5.

Easy7777

IBKR

Easy7777

IBKR