IBKR
Interactive Brokers Group Inc
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I once read somewhere that major brokers will deal with the issue of physical delivery on futures expirations, for a fee, but can't find it again. (self.investing)
Interactive Brokers closing account, won't let me deposit funds to avoid liquidation
I had my best trading day all year and in a very long time but have no one to talk to about it
Blackrock just added up to their $LUMN position
+8 million/2500% gain in 2 months, +20 million/5000% since April 2023
No reimbursement policy if hacked - IBKR Canada
Rates cut will send BETR to the moon (Better Home & Finance Holding Co)
If you want to day trade professionally, it's ABSOLUTELY CRITICAL that you trade with a professional platform that charges options fees.
Would you guys have handled it differently if you were in the same situation?
Would you guys have handled it differently if you were in the same situation? Sharing my investment experience with bad risk management strategy.
Worst brokerage platforms errors you have seen?
Worst brokerage platforms errors you have seen?
$COIN / Bitcoin ratio is stupid. Long BTC short $COIN
Just got approved for Options Trading on IBKR
USA: Options for automatically moving small amounts of excess funds from a bank into a money market mutual fund or similar? (is this "sweep"?)
Only 700 shares available for shorting on IBKR
A bullish case (w/DD) for Fisker FSR (SI: 41%)
Taking advantage of high lending rate and dividend yield
Lending out ABR and securing 15% annualized return
What’s the point of selling naked calls if you need to have the cost amount of shares regardless?
Interactive Brokers not filling orders, filling orders above limit price
HEAVY CAUTION!!! Closing a Short Put Option deep ITM...
Questions about bonds, mainly US treasuries
$LMND - Potential Gamma Squeeze
I want the same Column in Interactive Brokers to help my option game.
Price of Crude Oil vs Middle East death & injury tolls as reported by CNN
ITM put options expiring, but not enough cash in my account to purchase them
Last 35k left and looking for strategies to 10x in a short time
How is MooMoo? Recommendation for Canadian trading platforms.
CHEATSHEET: The Basics of Short Squeezes - A 3-min Read
Starting a fund partnerhip. How to go abiut it?
Must US brokers send an FYI about market orders to their clients who placed a market order in the past month by law?
is there a broker that allows automating weekly put writing?
Why does Fidelity have such terrible Treasury bond spreads and yields vs. market?
TD Ameritrade is beginning to charge users USD$50/month maintenance fees
Td Ameritrade to Schwab: how's order execution quality in Schwab?
Which free bond scanners(with ratings) are out there and which ones do you use?
Investing from Switzerland: IBKR vs Trading212 vs Degiro
Help finding spiked up/down stocks
Capital gains / Dividend tax on taxable MMF's for a foreign investor
Which online brokerages should I consider?
Can I get a count? DRS Price Hike: Would You Change Brokers?
How do American investors directly access foreign markets?
How are brokers like Lightspeed or Dash Prime for portfolio margin buying power?
Cost of options contracts:- AAPL / NVDA comparison
Mentions
Still to this day IBKR is better?
IBKR has garbage data feeds, probably didn't see it on IB.
The box spread itself has negligible maintenance margin at IBKR.
I get the concept. You should yield even higher return by buying bonds. Would be interesting if IBKR had something like STXGOV on the JSE.
Are you sure you're trying to open a position with index options? Yesterday (Jun 13th) I was able to open a 0DTE SPX call option at 3:58pm (two minutes before the option expired). I use IBKR. I think you are confusing SPY or something with index options.
If IBKR could graph all the way back to 2020, then I would. Also, is this the hill you want to die on? That a 3x leveraged S&P500 ETF with a management fee of 1% will beat a 3.3x leveraged, globally diversified, multi-asset portfolio with no fees and tax efficient (this kicks off realized losses every year)? Even if it did beat it over some arbitrary time horizon, would it even pass the smell test that it would do so in the future? Investing is not just about what outperformed in the past with hindsight. It’s about what has the highest expected return going forward, given a level of risk.
I agree that SGOV is a flexible cash management tool, but this >Since there are no transaction costs to buy and sell SGOV is palpably false. Even if the OP wasn't on IBKR where SGOV trade cost for a $1k notional lot is easily 10 days' worth of interest, you definitely will need to cross the bid-ask spread at least occasionally (especially when you are naturally trapped short or long because you don't want to suffer from broker margin or interest). SGOV is still one of the best games in town, but there are times where it's more economical to stay in cash or run a small margin loan rather than trade it or where you should use a TWAP so the quotes don't blow out after hours on you. These are usually not huge amounts -- but don't sleepwalk around the markets for the parasites to leech on you.
If you're long MXN.USD, IBKR won't pay on the first $10k USD worth, and after that, it's an unusually large haircut on MXN (most currencies are less than 1%, but MXN is 4%!), so you definitely should convert it to MXN bonds or something. And then it seems like the implied rate in MXN.USD futures would be discounted by the interest rate differential, so you'll just be creating a lot of cash movement for the mark-to-market settlements while giving up the interest you sought in the first place. I think it needs to be done differently. [Interest Rates | Interactive Brokers LLC](https://www.interactivebrokers.com/en/accounts/fees/pricing-interest-rates.php)
My 200% cumulative return is on the money I've added to my account. But I didn't add everything all at once 5 years ago. I've contributed throughout the 5 years. Obviously if I had every contribution I made back in 2020 and invested it all, my return would be way way way higher than 200%. OTOH, that link you posted IS the return of SPXL starting in 2020 and ending now. So it does assume a lump-sum. To compare apples to apples, you need to use the PortfolioAnalyst feature in my IBKR account and graph a benchmark. Then it will compare your returns vs having used SPXL as an investment the whole time. SPXL is not available but UPRO is (starts in Nov 2022) and so far I'm beating it. Also why are you downvoting my responses? Are you literally four years old?
IBKR is no different. They’re one of the most aggressive at auto liquidating.
Those aren’t free for all either. IBKR will not let me open sometimes with 1-2hr left before expiry
the markets closed right now, but many brokers like robinhood and IBKR will let you trade the overnight, or you can see futures when they open at 6p EST sunday on [investing.com](http://investing.com)
> higher-end broker E*Trade is higher end than Robinhood or IBKR.
IBKR shows the daily options range for each stock
Who says they do that? I'd need to see proof in the form of a trade on SPX that IBKR closed prematurely. I suppose there could be some trade that resulted in a cash liability the trader couldn't handle, but I can't imagine what that would be. They either had the buying power to open the trade, the cash to cover it, or brokers wouldn't let them open it in the first place.
Not sure. I use Fidelity Active Pro. It's under the Options tab > Today's Biggest Trades. I think you should be able to see that data too at IBKR.
Well it scared me for a moment. Apparently IBKR does it though.
>*I'm with IBKR and they'll let short options expire worthless.* Can confirm. It's no problem unless your expected post-expiry margin is too low.
5.83% is the base rate at IBKR (US), and it goes lower with bigger debit balances. The dividend is $2.21, so that offsets some of the interest costs.
Can you see this data on IBKR?
I like Interactive Brokers. It's a professional-grade tool, though the interface might be confusing for new investors. IBKR has commission-free stock trades in the US; not sure about the UK.
It sounds exactly right. IBKR is just like all other brokers. They'll let OTM options expire if their risk managers deem them safe, but no broker, absolutely none, is going to risk their money on some retailer with a $5K account racking up a million dollar debt. What I don't get is how many new traders don't understand why no broker is going to lend you millions when you can't even remotely qualify for the loan.
Most brokers do not automatically close cash-settled index options such as SPX since there is no assignment risk. Idk about TastyTrade but IBKR definitely does not automatically close.
IBKR Lets u hold until expiry
That doesn't sound right. I'm with IBKR and they'll let short options expire worthless. Are you sure that there is 0 assignment risk? They are probably just trying to keep you from getting assigned $2,000,000 of SPY or whatever afterhours.
You can withdraw margin from IBKR, what are you talking about ?
Can someone explain to me why SPX bid ask spreads for selling puts or buying calls (or any other single leg) individually would involve bid-ask spreads of less than 1%, yet if you combine these into a credit spread order, you get an egregious 7% bid ask spread? This is on IBKR.
Whats the APR on the spreads? Less than the 5.8% that IBKR charges?
Let’s just say I still had to use some of that sweet IBKR margin to fund this trade
Seriously, why do you use that piece of shit? Get Schwab. It’s great. People also like IBKR. RH is a shit company and they don’t even allow you to place real trades that are required to make money in this market. They are lying pieces of shit. Drop them.
Fidelity isn’t great for trading. Schwab or IBKR!
I used fidelity, until I got so tired of their dumb interface. I might switch to IBKR
I really like Schwab. People like IBKR as well. Think about it.
If RH is trying to fuck you over again, just leave that shitty app and join a real broker like IBKR
tastytrade works well for me, also IBKR is considered the best
i dunno I only have vanguard and IBKR
Get a real broker like Schwab. People also seem to like IBKR
I think bers need to be on IBKR so you can close SPX options overnight
Yeah I agree, best broker in my opinion. It’s just a bit wild for options as said especially comparing with IBKR. Fees are really good also for shares and derivatives.
I honestly don't understand how IBKR have achieved such a terrible and difficult to understand UI. Genuinely impressive.
There is no difference in tax terms. You just lost 0.03% to IBKR FX fee when buying. (To put that in perspective, its £3 per £10000.] If you are using IBKR, you can actually convert the ticker of your holding from VWCE to VWRP if you prefer to see its price shown in GBP in your portfolio. [Depository switch guide](https://www.ibkrguides.com/clientportal/transferandpay/depositoryswitch.htm)
Looks like it’s doing well I should have gotten more up 200% and seem like everyone is betting it’s going to hit at least $1-3 but IBKR says target is $1.50 tonight if it is on a good it should hit at least five cents or more it almost hit .04 during market hours yesterday
You can buy right now if you have IBKR. No one stops you from using a better broker...
I still remember my first investment was $5K into a Vanguard Stock index fund VTSAX back in 2017. From then, it was a lot of saving, investing aggresively with leverage. By 2020, I was at $400K, opened IBKR account to leverage more and began posting. In 2021, I hired an advisor that handles it, he really turbocharged with more diversification (initially, I was all-stock). Since then, it's grown to $2.1M and counting.
IBKR may allow it, but they will definitely pass on the extra exchange fees, which will be in the range of an extra .50 a contract. You will also lose customer priority and MM's will be less likely to trade with you. [https://www.ibkrguides.com/kb/en-us/article-1242.htm#:\~:text=In%20accordance%20with%20these%20rules,will%20be%20classified%20as%20Professional](https://www.ibkrguides.com/kb/en-us/article-1242.htm#:~:text=In%20accordance%20with%20these%20rules,will%20be%20classified%20as%20Professional)
Expiration date comes, you let the options expire (they are European, cash-settled. They are NOT American, security-settled). Then you open a new set of box spreads. For a day or so, you might have the entire balance as negative cash. It's not a big deal, it just means for those days, you'll be paying your broker interest (around 6% at IBKR) instead of the lower interest via box spreads.
The IBKR account, I opened in 2020. I had a Schwab account before. How did I go from $10K to $400K in 3 years? Well I saved a lot and I invested at high compound growth. Nowadays, my saving is negligible, it doesn't move the needle. All the growth basically is the compounding.
I think any broker with portfolio margin will let you do this (TDA, Schwab, IBKR, etc).
I’m newish to investing so I thought the fees were originally something related to HCTI stock itself and not IBKR and I just didn’t understand it.
Yeah. this is interesting because IBKR should show this data MIAX Pearl® Provides a Price-Time priority allocation model and maker-taker pricing to encourage liquidity seeking strategies. MIAX Emerald® Supports a Pro-Rata allocation model with maker-taker pricing that encourages large bid-offer quantities and aggressive liquidity seeking strategies. MIAX Sapphire™ Provides supports for a Price-Time allocation model with taker-maker pricing. I have seen the above 3 exchanges. I think all my SMART orders went through PEARL yesterday… im surprised IBKR is not showing the data for ASTS Maybe that’s a question to ask their support team
no clue. im just speculating tbh. i have no clue the true reason why the data doesn’t show up. You can probably look into what SMART exchanges consists of. IBKR probably uses those specific exchanges due to liquidity and ease of routing orders 🤔
IBKR may not be looking at the XMIO exchange. I think it’s completely fair. XMIO seems to be a crypto exchsnge online… No need to truly support them on IBKR for regular stocks and equities
This is cuz XMIO Exchange is different than SMART Exchange, no? In IBKR, they only show SMART exchange because that’s what you will likely place options for… The Questrade on seems to have been on a different exchange (XMIO) which IBKR doesnt track I dont think… Personally, this won’t affect me because I only look at hyper liquid stocks, but I can see why this might cause pain to some :’(
IBKR said my ticket was escalated, waiting on a response. Did not contact QT I assume it is accurate as Yahoo finance shows the same, as well as Wealthsimple
I’m looking at the trade on TOS. I have it as 10 contracts at 4.79 at 15:21 EST. I used IBKR many years ago for less than a month. I hated it. A lot of people like it though. I do know that the way they sell their realtime data is confusing. https://www.interactivebrokers.com/en/pricing/market-data-pricing.php
Why am I paying for market data if they can't provide me with all the data on the exchange? Regardless of if the last price is useful or not, its about the principal idea of MISSING DATA. Trying to see if anyone knows the cause of this, or if its out of my hands and IBKR is a garbage broker.
What do you mean who cares? Why am I paying for market data if they can't provide me with all the data on the exchange? Trying to see if anyone knows the cause of this, or if its out of my hands and IBKR is a garbage broker.
Look at the bid and ask on your questrade screenshot. Now look at the bid and ask on IBKR. They're the same. Current price should be somewhere between the bid and the ask (inclusive). Why do you care about the "last price"?
I believe so, IBKR is most advanced, I'm moving to Questrade and I think they do as well
VOYG ipo price already at 45.5 on IBKR, crazy
You’re welcome… not sure why I got downvoted so much for offering valid suggestions that apply to other platforms like tastytrade and fidelity. I’ve never used IBKR so was just guessing haha
Honestly, I'd rather see this than a flashy launch with a bunch of VC hype or some old company with terrible customer support. I've used the platform before - sure its new, but the customer support is amazing and at the end of the day they are backed by IBKR so it just feels safer to me. What do you think?
According to IBKR it's annual shareholder meeting today then CEO doing a presentation at a life sciences virtual investor forum tomorrow
I use IBKR for options trading. Covered calls are straightforward there. You can also use optionstrat to simulate your trades. But do be careful, don't delude yourself into thinking it's anything but gambling. :)
I wouldn’t but IBKR above Schwab. IBKR has some advantages if you want to algo trade, but if that’s what you want to do there are better options. Mobile app is terrible, fills are bad, especially if the fill has multiple legs. I used to feel like fidelity had price improvement in its fills that was better than TOS but I haven’t found that to be the case lately.
I wouldn’t but IBKR above Schwab. IBKR has some advantages if you want to algo trade, but if that’s what you want to do there are better options. Mobile app is terrible, fills are bad, especially if the fill has multiple legs. I used to feel like fidelity had price improvement in its fills that was better than TOS but I haven’t found that to be the case lately.
.1610 right now on IBKR https://preview.redd.it/5irwbbuxy76f1.jpeg?width=1179&format=pjpg&auto=webp&s=61fec913dbaa23765fcf21bca3a80698784739aa
I'm using IBKR, but not sure if it's good for options beginners, since their interface makes me a bit overwhelmed. Maybe I will look for some brokers which is good for easy strategies, like covered call they have mentioned.
For long term buy and holds: - Fidelity - Vanguard - Chase I say this bc they have the highest AUM and if they fail, we probably have bigger problems to deal with. If you want to trade: AAA - - IBKR - Tasty - Tradestation AA - - Schwab - Fidelity - E*Trade - Webull (I don’t know if you can sell naked on Webull, idts) A - - RH (great if you only use mobile, but you literally can’t even short shares + there’s so many horror stories) I’ve never used public/etoro/moomoo M1 has some cool visual / auto rebalance features and it’s very popular with dividend investors although you can’t immediately buy or sell anything. If you’re brand new I personally recommend fidelity, ibkr or Schwab. They have the best balance of everything. Or you can be hip and get a cool UI with RH.
Money markets. I had cash on interest and they sent me an email to consider moving the. to money markets for better returns. Call them up and ask although you may need to push a bit as what they say will look as advise and they do not do that. But there are better returns available for cash available at IBKR
Can anyone tell .? if there's not marging account yet , but it's cash . Are the requirements would be the same as for trading options to have margins .? Or , is it only should be the minimum of 5K$ to margin acc .? IBKR
Yea they’re up now on IBKR and RH
OTC Pink trash that you’re promoting, likely as an inside buyer. No income, IBKR and other large brokers don’t even allow it to be traded.
Mods ban him, hasn’t posted since 6 years ago. A lot of these IBKR people are bots, they will try and contact you via Reddit chat and then via WhatsApp. I don’t know why they use this broker specifically, might just be the scamming region they’re in.
Ok $2 trade commission on IBKR? I’m talking about using millions of peso… trade commissions don’t really matter here.
(Serious) How were you able to access options on IBKR? I´ve been submiting everything they asked for, but they still won´t allow me to trade options
OptionStrat uses data from OPRA. IBKR uses data from exchanges and market makers.
IBKR might be going off the ask. For OptionStrat you can pick ask, bid or mid. My guess is you're on bid or mid
I keep my cash in three tranches of 90day USTs, so I have a tranche expiring every 30 days. The effective tax rate is a little bit higher than the actual rate since there isn't any state income tax on UST, which can be attractive if you live in a state with high income taxes. Also note that when rolling a tranche at IBKR you can do it the day before expiration and IBKR won't charge you any interest on what is essentially and intraday loan so you never miss a day's worth of interest. I'm 90% cash and make my living trading indexes, I hate stocks.
I have an IBKR account and i think i can sell options without having the cash to buy them. So i wouldnt be able to close a position in that case?
IBKR does let me, may vary depending on your broker
VanG is for long term buy and hold savings. Get Schwab or IBKR if you want to trade.
Late reply, but no. Stop orders (not stop limit orders) are not guaranteed to trigger. I’ve had a handful fail to trigger on large moves when the market makers flee. It depends if the order is held at the exchange or the brokerage. Some brokers won’t trigger if there is no price liquidity anywhere close to the trigger after a big move. I’ve had to manually close out failed stop orders before on IBKR and Schwab. The broker can fuck them up sometimes. You are welcome to appeal bad stops or failed stops, and that sometimes can go your way, but only for a good brokerage that cares. I’ve found that conditional market orders based on price triggers can be more reliable than plain stops sometimes. You’ll have one happen to you one day and you’ll see.
It's my brokerage IBKR. Fundamentals Explorer.
Just checked they’re already 5% up overnight on IBKR XD
It’s ok, I only know because the app is IBKR, which I am also using. I am new with options also. I had a couple of wins so far, but with AVGO I got a really bad loss last week… I got really emotional also, hence why I understand the guy… but at least his are expiring in dec, mine don’t have much time left. I am praying this week for China deals, Madagascar deals anything basically at this point lol
As I said it's a comparitive analysis, comparative to it's competitors BULL is overpriced so to be bullish on it you'd need to believe it can grow better than is competitors and significantly more because of the higher price. 10% QoQ revenue growth doesn't appear to be better than IBKR or HOOD (I haven't looked at ETOR QoQ results atm), so it's both overpriced and not outperforming peers at the moment
I did a valuation analysis of ETOR against competitors IBKR, HOOD and BULL, and it seemed to me that they were fairly priced in comparison to each other except BULL which seemed overpriced. This was only comparative analysis but I think you can only be bullish on BULL if expecting them to take considerably more market share in the future rather than on any current valuations. https://www.reddit.com/r/stocks/s/zv7Pck7lWL
IBKR doesn't offer Portfolio Margin to Canadians AFAIK. I think it's due to regulations, so other Canadian brokers don't offer it either.
No, you're right and it's only come to light after putting in this trade. I guess we all learn. Once I closure this trade I'll either stick to lower count contract trades or contact IBKR directly to lower me to the 0.15 tier albeit I highly doubt they'll allow it. That's their business model... And in Europe we don't have zero commission apps like Robinhood. Your comment stings because it's true, I take it.