IBKR

Tenpoundtrout

He was probably earning around 3.5% while holding cash in his brokerage account. IBKR and others are paying pretty decent interest right now.

yiffzer

IBKR.

yiffzer

It doesn’t have anything to do with taxes. They have an emergency withdrawal form where I specify the amount I’m pulling out and they assured me I could redeposit at a later time. A few months later when I’m ready to deposit again, I am told they have issues with their system not allowing me to deposit funds for the year — the system says I’ve allocated the max allowable funds into the account despite it being $0 (moved IRA funds recently). They could not, would not help me. Including the manager. So good bye. Hello IBKR.

janeohmy

Same with IBKR. Had locked in 0dte calls. They autosold them. Odd thing is, this is the first time they autosold my options. I've held options to expiry before. Bunch of cunts. I'm never going 0dte ever again. I can take less profit with 1dte, but at least they won't autosell

PapaCharlie9

> Yes my broker gets me good fills How could you possibly know that? If your PFOF middleman is shaving $.01 off of every open and close, as compared to what IBKR or Fidelity would give you if you were to make the same trade at the same time, how would you know? That's $2.00 round-trip you are losing to PFOF, whereas I pay $1.00 round-trip in fees. Now I'm not claiming my Etrade fills are always $.01 better every single time, but every time that it is, you're not getting a good fill.

johninsixtyseconds

Thanks, I'll take a look on IBKR!

qweretyq

I think IBKR doesn’t, or if they do it’s a small amount of their profit.

AssumptionDear4644

using [Strikes app](https://apps.apple.com/app/strikes-options-paper-trading/id1590757331) to paper-trade options... it's free and unlike IBKR it doesn't require a registration with SSN (I'm in Argentina and not US-based)

Isabella_gccmd13

using [Strikes app](https://apps.apple.com/app/strikes-options-paper-trading/id1590757331) to paper-trade options.. it's free and unlike IBKR it doesn't require a registration with SSN (I'm in Argentina and not US-based)

SpecialistTrust9504

Get a good broker that has good locates for shorts. IBKR comes to mind. Short research phase/ pre rev bio. GL

1nd3x

IBKR Desktop platform has a "trigger price" option, while on mobile its pretty odd where if you select "trail limit" it will provide you 3 option; Limit Price, Stop Price, Trailing amount. I put my Limit price as the "trigger price" (price I want my thing to start at) I put the stop price at whatever the Trailing amount is going to be below the Limit price. I put the trailing amount as whatever I'm willing to miss out on "from the top", in a way that allows me to follow without the risk of getting out too soon. So a SPY option bought at 0.20 might have my order look like Limit Price: 0.50 Stop Price: 0.40 Trailing amount: 0.10 Should that options price ever reach 0.50, my 10cent trailing stop gets placed and if it goes up to 60cents, I get 50cents, if it goes to 50cents, down to 45cents, up to 65cents, and down to 10cents, I would have exited at 55cents on the way down from 65... This is assuming that the spread is 1cent and that the volume is there to accommodate you just kind of being apart of it...a "run to 65cents" would imply some shares traded at every single penny increment up to it, and similarly on the downtrend

1nd3x

I use IBKR

do_not_go_gentle_

And what ways were these? Asking for a friend that didn't even get approved for IBKR with massive lies 

Schwimmbo

I think IBKR charges me way too much for my options. They show 394p up ~80% for 0dte. May I ask dte and what you paid for them?

ChiefKickAss500

IBKR but you either need experience and lots of liquidity or you bullshit and tell them you have this. They will make you do an options training / tests to show toy understand how to trade them. Good luck

stvaccount

Make two accounts, one for Degiro one for IBKR

iam208cmtall

Thank you! So what would you recommend, a tax advisor? Re: broker. Well, since I don't plan to sell any of VWCE in the short run, I'd rather optimise for the lowest possible fees. IBKR is by far the cheapest, but found out that DeGiro lets you buy one of their "core etf" commission-free ([screen them here](https://www.degiro.ie/fees/etf-core-selection)). Which isn't bad. Thoughts?

XNet

AFAIK TastyWorks doesn't have paper trading. I recently switched over to IBKR because I'm not from the US and deposits and withdrawals were too expensive and took a long time. However I like the TastyWorks platform much better. I still keep it open to check prices.

ankole_watusi

IBKR has TradingView charts in beta. (Haven’t tried it yet)

Any-Rise-6300

IBKR has the highest friction user interface I’ve ever seen

fullsend_noragrats

IBKR is genuinely excellent.

kiwimancy

You can buy the actual futures contracts. One contract is ~$400k notional exposure with $1150 maintenance margin for a maximum leverage of 350x. They are traded on CME. I'm guessing you aren't in the US. You might be able to trade them through IBKR.

shaninegone

Man none of my brokers will let me buy this in Australia, even IBKR. It's being made to stay inside in a snow day when all your friends are outside

stvaccount

Well moving stocks around is a tax question. In general, you need to optimize your taxes, not your returns in the EU. IBKR is more professional, sometimes degiro is easier for taxes. I like having two accounts, if you have trouble with one, you still have the other. E.g. when one broker goes offiline for 1-2 days, as IBKR has a history of very severe IT problems.

iam208cmtall

Hello investing community, Quick snapshot of the situation: \* 30, M, living in Ireland (Tax residency), with Italian passport \* employed, 150K a year \* mortgage, 500 euro a month \* $20K invested in stocks on eToro \* planning on opening a VWCE on a new broker (IBKR or Degiro) \* have a company stock development plan with Morgan Stanley Now: Q1: what are the options for moving these invested funds from eToro to the new broker? Q2: DeGiro has VWCE (my target ETF) in the list of ETF you can buy free of charge once a month. Is there any DeGiro fee I am missing ? Is DEGIRO better for this use case than IBKR? Q3: Should I consider selling my stocks on MS and re-invest everything in IBKR? Thank you in advance!

thinkofanamefast

Thanks. That's exactly why I was asking this question- I read about that Robin Hood restriction and tried hard to find similar restriction on IBKR and Thinkorswim, but couldn't.

TechnicalEntry

I meant for banking. For trading IBKR is the best. Lowest FX rates and cheap trades.

sotism

I’m not sure which binary options you’re trading, but based on what I’ve seen, I’m not a big fan. My brokerage (IBKR) has an event trader platform where you can bet Yes or No or specific outcomes. Like, will crude oil close above $80 today, or will S+P futures close below 4,000 today. I don’t like that because it’s just a less liquid version of options trading. For example, I could sell a 80-79 put spread on crude oil if I thought it would close above 80. The options market in crude futures is more liquid, so the bid-ask spread is probably narrower, and if I wanted to quickly exit my trade I could do so while sacrificing less premium.

tloffman

I trade a lot of options on Robinhood and Webull - both are great. Have never had any problems. Great fills, the Robinhood options page is fantastic - I think the best I have ever used. I have accounts at TradeStation, IBKR, TD Ameritrade, and Robinhood and Webull. I find RH to be the best for options, easy to use, easy to construct and manage complex strategies, no commissions. I have stopped trading on IBKR and TDAm because of: commissions, awkward and time consuming to enter and manage complex options positions. I have opened accounts with different brokerages to try them out and find out which ones are easy and efficient to use. I don't know where you heard that you can't "market or panic out" if something were to go wrong. I do this every day and have never had a problem.

MentalValueFund

Through your broker. Because credit markets are fragmented, different brokers have different flow so some ISIN’s may be available at E*trade but not Fidelity. Personal experience is IBKR offers the most comprehensive credit product access (incl equity linked or structured notes)

szaszandra

If you’re in Norway then eToro is the easiest to use but it has high fees. Capital dot com gives you the lowest fees and leverage but you have to know what you’re doing. IBKR has the lowest fees if you don’t want leverage.

eatingkiwirightnow

I looked at the eTrade app and the moment I add a leg to the trade I am not able to fine tune the price I want to buy/sell at. And IBKR mobile app doesn't allow adding legs (or I am missing it.) I'll look at the website version of both and see if I can do a buy-write order simultaneously. Thanks for your post. It is definitely eye-opening for a way to do far out CSPs where premiums are non-existent.

cenkna

Hi, how can I daily track the greeks and IV of the spread that I sold (or any position). I’m using IBKR.

FartMachine2000

SPX and ES options trade in ETH. At least on IBKR.

Ok-Poet-3668

IBKR has a demo/paper version available in Europe, giving you also access to options. I use it on everyday basis and it is Ok once you get used to the 90's look and feel of the TWS User Interface. [https://www.interactivebrokers.co.uk](https://www.interactivebrokers.co.uk)

SuspiciousAd4420

Also Questrade here. IBKR is good too, and RBC Direct Investing is pretty solid. Do not use Wealthsimple.

Standard-Assist-5793

robinhood is for morons with less braincells than the balance of their account. use IBKR, you can short anything there.

Cocaine-powered_Bear

you gotta love the insights by IBKR: „XYZ’s fundamentals are depleting. In the past this led to an increase in price“ „analyst opinions of XYZ‘s fundamentals are moving up. In the past this led to a decrease in price“

Tronbronson

IBKR has a margin rate under the risk free rate, it's not much right now. But its a valid strategy as the gap widens. You don't want to get stuck with it going the other way.

MobileNumber5551212

You can trade Asian markets at night. Try IBKR.

DegreeABXY

I thought I would use my leveraged account until I gain a bit more capital and then switch to another platform that would give me more access to that sort of assets like in IBKR or any other broker really.(Still a new trader here, (I have less than 2 years) as I mentioned in another comment) thanks for the tip that would be a great choice for sure📝.

NO_USER_MATCH

Hello, Why does "buy 1 Feb28'23 320 Put" according to IBKR becomes profiable when the price crosses the 399.89 strike? I assumed that the option becomes profitable once In The money. Doing options on paper acc so chill out not loosing real money... yet.

robertczeko

Hi there, as I have multiple accounts in IBKR, for dividend stocks I use free version with automatic trade upload IBKR --> Digrin , [https://www.digrin.com?fp\_ref=robert29](https://www.digrin.com?fp_ref=robert29) There is very detailed how-to guide, how to enable it with IBKR. For tracking basic metrics + industry/sector pie diversification + detailed dividend data, it is number one for me. But I would not use it for swing/day trading, where you might want to track more details, give it a try and let me know, what you think :-)

Oberschicht

You can open an IBKR account and trade stocks listed on European and Asian exchanges. You might be surprised that a lot of the big ticket items trade on more than one exchange so you can almost 24/5 trade BNTX for instance.

StructureUsual

On the other note, I received a notification from IBKR that they are starting to do overnight trading for some etfs starting next week I think

airlines617

A lot of people dont factor this in, but which broker you choose and how that integrates into your tax software is a big deal. If you plan on trading a lot, make sure there is a way to simply import, in one click, al the trades. Years ago I know that IBKR wasn't as good with capturing option trading vs. say Fidelity. For a lot of trades, that matters quite a bit.

Kaldabra

You do realize that IBKR does not have neither inactivity fees nor amount limit anymore?

Rino-feroce

IBKR is probably one of the brokers with the lowest fees (certainly the lowest among the serious ones available in Switzerland). As in Europe there are no apps like Robinhood yet (where trading is allegedly free), it's probably your best option.

bakakaldsas

I'd just go over some scenarios to calculate all fees to compare. And go with the cheapest. Unless you want to take advantage of some additional services IBKR or some other brokers might provide. E.g. https://www.interactivebrokers.com/en/pricing/stock-yield-enhancement-program.php

bakakaldsas

Depends on the way you intend to invest and what brokers are available to you. If I had 10k and a plan to invest it at once and not touch it for years, then using Swedbank (at least what they are offering in Lithuania) would suit better than IBKR. Way higher trade commision, but no ongoing fees for such amounts. And (if that is same bank used for everyday activities) all money and investments are in one place. But for DCA, or any other strategy involving more trades happening I'd go with IBKR.

CCkellboy

I like IBKR. Fees are very low and it’s a good trading platform. I’d recommend it.

Ok-Drawer2290

I am from Europe and can't purchase MMTLP through IBKR. Any alternative? In the meantime, I am accumulating MMAT. In the thousands now

gperg

He means he is from EU and looking for an investing platform because the US ones don't offer their services here (except IBKR).

FloridaManFinance

It amazes me how many of you will talk for days on end in these subs about squeeze plays and yet I can come in here 24 hours later and not see a single correct response to OP’s question, let alone anyone even pointing in the right direction … PSA: you really should not be trading these stocks if you aren’t utilizing: - SEC filing alert service like Docoh (now CapEdge), Quantisnow, etc. - Ortex (“hurr durr their data isn’t exact” if you can’t figure out how to use the data they provide to make educated decisions then that’s your fault”). - DilutionTracker (for accurate float numbers). $COSM had more than 3 million borrowed shares returned yesterday (shorts covering) against < 100k newly borrowed shares (if I remember correctly, I don’t feel like looking again right now). The timestamp of the sell off from the top is congruent with the time that IBKR went from showing 0 short shares available to showing 100k. I also believe the lack of rebound later in the day likely relates to the $COSM filing that dropped around noon which included information about the planned shareholder vote in January which included the plans to vote on a reverse split. I think if the vote was planned for a week or 2 from now, we might have seen a rally from the pro-short squeeze parties, but because it’s not happening for 2 months that was likely perceived as negative sentiment wise. But that part is just my own assessment.

gamefixated

Only thing I've heard about TastyTrade is "coming to Canada real soon" for the last 3 years. ToS for research/analysis, IBKR for execution for me.

Bernd_25

IBKR

Winter-Lie-9628

Thank you. It may seem like a silly question but does it matter where it’s domiciled? LSE was the first one that came up on IBKR, but Yahoo Finance is showing my multiple options.

Winter-Lie-9628

IBKR. It’s a European ruling I believe, not specific to the broker

Due_Apricot_9529

Does IBKR allows 0DTE trades? I looked at their website, there is no direct information. If yes, so they have limitations? Example, I know Tastyworks doesn’t allow you to submit 5 min or 10 min before Expiration for 0DTE, they also don’t have market orders for spreads, or it is limited. I don’t have this issue with Etrade, which allows you to submit an order until 3:59pm, I have tried even you can do market order, that is why I like Etrade a lot. Wonder if IBKR has same structure or different and if so how much they charge for SPX and other indices if you trade options? Thanks

TesticularVibrations

According to IBKR there are 3,325 US corporate bonds expiring between 01 January 2027 and 01 January 2029. Only 36 bonds have a yield >10%. Coinbase is one of them. Coinbase was yielding as much as 15% just 3 days ago. You're guaranteed to almost 3.5x your money if Coinbase doesn't go bankrupt. If the market thought there was no risk of insolvency, it would be absolutely balls deep in that. I'm not saying Coin is going under. What I'm saying is that people are clearly pricing the *possibility* of that happening in its debt.

Due_Apricot_9529

I don’t know why people offer Robinhood and Webull? It is funny, I don’t know what level of options they are trading. I guess for beginners these are all fine platforms. The biggest issue with these platforms are that they don’t have all the option levels. I had account with both of the platforms, they are baby still in option trading world. Webull does not have above level 3. It means if you want to customize your options (leg in and leg out naked legs), are not permitted. As some mentioned Robihood and Webull may be good for stocks. But definitely they are not for advanced option strategies. If you don’t do 0DTE, Fidelity is good platform. But if you are a serious option traders choose between TD Ameritrade, Etrade and Tastyworks. I don’t know if IBKR is offering 0DTE or not. But I know Webull and Robinhood have their limitations if you want to use advanced strategies. Tastyworks is I guess dedicated platform for option traders. Good thing they don’t have min requirement for options. Etrade you have to have at least 3K. TDA is very good for Option trading.

invader2

At IBKR, you would pay interest in your margin debt and additionally the borrow/ fee rate. So let’s say you short 10k$ of aapl. You receive 10k$. Those two cancel out, so you pay 0 margin interest. But you do pay borrow / fee rate on 10k of aapl. Let’s say apple goes up 50%, and you’re short 15k. Assuming you still have 10k cash, you now pay interest on 5k at the current margin debt rate, (around 5%). Additionally you pay the borrow/fee rate (around .25%) on 15k worth of apple. There is no interest on any short put/call regardless of notional value.

utahjazzlifer

IBKR has entered the chat…

canws

I switched from ToS to IBKR. This was the best we had in Canada. RH and Webull weren't an option. Also heard good things about tastyworks, not available in Canada for me to try it.

Dowzoid

The likes of IBKR and T212 are close positions only. If no one can buy the price isn't going to move.

jelentoo

Mmat on IBKR now showing 101k shares available to short at 35% interest

jelentoo

71% 🤣🤣🤣 32% for mmat, no shares on IBKR

lowblowguy

IBKR’s borrow fee went to 30% today. Moving faster…

downboat

Is it on IBKR? Sticker? I could buy $COIN stock too, I think it will survive this crypto winter. If anything, could it become as big as FTX?

Random_Guy_47

Same here. IBKR wouldn't let me because apparabtky I don't have trading permissions for micro cap stocks. I could have been up 50% right now....

FunCranberry112122

IBKR: SPY ETF is overbought, in the past this led to a increase in price ??

Potential_Project_48

IBKR fucking sucks ass to trade with, even fidelity beats them

DontDrinkBongWater

Puts on my sleep schedule, IBKR is adding overnight spy trading

jelentoo

IBKR showing as 'maybe shortable' so they are out of shares to short, @ over 18% interest, which has more than doubled recently👍

Content_Gur6965

IBKR is ok with my 1500-3000$ sell orders

Godmode

So yes, I am in singapore and we have a lower withholding tax at 5-10% (not sure if its the band but considering the highest 10%), its still better than 30%. However, do I get a double taxed in US ? Israel Withholding 10% + US withholding 30% = 40% or just israel withholding taxes ? How does IBKR (my broker) figures this out ?

Arcite1

>1- how does it work at expiry? if I have a long put and also the underlying stock for the same value, will the broker (IBKR,Saxo,etc.) automatically sell my stocks at expiry to have the necessary margin? If you allow a long put to expire ITM, it will be exercised, and you will sell 100 shares at the strike price. If you already had 100 long shares, yes, those shares will be sold. Margin has nothing to do with it. > > >2- I am reading a lot of people suggesting against holding the option till expiry and rather sell the contract just before. Why is this the case? just to cristallyse the profit and avoid last minute price changes or because the contract can actually expire at a slipped price compared to the underlying? Because options have extrinsic value, so you will make more money by selling. Imagine it's the day of expiration, you have a 50 strike put, and the stock is at 49. You're thinking hey, this is great, the stock is at 49 but I can sell it at 50! That's worth $100, right? If you exercise, you'll have $5000 from the sale of the shares. But the option is worth 1.00 in intrinsic value alone, and will still have some extrinsic value. Even if it has only 0.01 of extrinsic value, it's worth 1.01. So you can sell it and get $101. If you want to sell your shares, sell them at the current market price, for $4900. This gets you a total of $5001. That's more than you get from exercising.

TheGoblinKingSupreme

IBKR is a decent option for options trading in the UK, and the Greek charts on the mobile app are fantastic for understanding how the Greeks should move in a certain time period with a certain price move range.

DazzlingTumbleweed

Ah i see, QT has the same price per trade, its ridiculous IBKR let's me lose money with much less commission!

tabboolicious

Welcome to the world of investing and/or options trading. If it was this easy then why isn’t everyone a millionaire? There are a few peoples on here that have genuine ideas questions and conversations but for the most part I feel the mast majority of people wanting. Have u put ur money where ur mouth is and sold covered calls or naked puts yet(either scenario u need the capitol to get started). If so what was the outcome? If not why not? Certain apps (RH, IBKR) allow u to have paper accounts to test ur theories free of charge. Now things are the most interesting bcuz we are in a true bear market for the first time since 08. Lastly, remember: bulls make money, bears make money, pigs get slaughtered!! Cheerio I see everything as a solid 35% down and ready for a serious come back. Barring an all out world war the US economy is still #1 in the world. Even a rough landing of a recession is still better then the Russian or EU markets. The world (China included) puts all their savings in US markets, bonds included. Would u attack the country that holds ur life savings?

ovh2k

IBKR gives me this error message. What is the reason? Does anyone know?

daytradingguy

I have never traded on Robinhood. I trade on Lightspeed and IBKR. I also never traded GME- although in retrospect I missed a few good day trades on that one.

swampassOG

Fak, I'm old. I may have to get a real brokerage account. IBKR or TDamerighey.

swampassOG

Fak, I'm old. I may have to get a real brokerage account. IBKR or TDamerighey.

roninOptions250

Has anyone been able to buy COSM on IBKR…? Won’t let me place a buy order??

Francesco1986

You need at least $2000 in your account even if the collateral required is $300. I tried to sell a bull put on RUT the other day, 0DTE credit $150 maximum loss $350 and IBKR wouldn't let me do it.. Shame as it would have been profitable.

TrendRiderX

Don’t look at now. Market prices in forward revenues, profits etc. ZIMs revenue and profits are expected to crater. In fact, IBKR projects losses in 2024. They have 2023-2025 projections.

yolocr8m8

Fastest delta refresh for SPX trading, fills are fine, fees are fine, UI is a joy…. Deeply customizable. Cons: margin calcs are …. Different on spreads…. No after hours SPX like IBKR