Interactive Brokers

This is a discussion on Interactive Brokers within the Brokerages forums, part of the Commercial category; Dear Highisland: 1. Minimum to open an account with Interactive Brokers is GBP 1,450 or similar in any of the ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Jan 20, 2006, 11:02am   #11
Joined Jan 2006
Dear Highisland:

1. Minimum to open an account with Interactive Brokers is GBP 1,450 or similar in any of the other six currencies we support.
2. To trade Eurex Bunds we ask EUR 2.00 per side (bundled = brokerage, exchange, clearing and regulatory fees); We offer a sliding scale i.e., the more your trade the less you pay for unbundled rates (e.g., sliding scale per month = EUR 0.75 to 0.25 per side, contigent how many contracts you trade, plus clearing and exchange fees). Please review our home page under FEES for more particulars.
3. Minimum brokerage fee $10 per month.
4. Market data fees, vary per exchange. For example to view EUREX Level 1streaming prices the exchange asks EUR 8.00 per month.
5. Margin rates vary per product. Please review our website, TRADING > MARGIN > FUTURES for further particulars. For example, to trade one EUREX bund future the margin rates are intraday initial EUR 800 and intraday maintenance EUR 700 per contract, respectfully. Overnight Initial EUR 1,750 per contract.


I suggest before you decide, you compare our services versus other brokers.

Last edited by rossored; Jan 26, 2006 at 10:29am. Reason: removed email add.
Interactive Brokers is offline Broker   Reply With Quote
Old Jan 20, 2006, 11:14am   #12
 
osho67's Avatar
Joined Nov 2002
Oh wonderful thread,just what I want

I want to withdraw funds from an IB a/c which is in my sole name to be transferred into a joint a/c with my wife . Will there be any problem?
__________________
A CANDLE LOSES NOTHING BY LIGHTING ANOTHER CANDLE
osho67 is offline   Reply With Quote
Old Jan 20, 2006, 11:22am   #13
 
JonnyT's Avatar
Joined Dec 2001
Yes there will. She could get her hands on your money
__________________
Trading Mentor
JonnyT is offline   Reply With Quote
Old Jan 20, 2006, 11:31am   #14
Joined Sep 2004
Gerald, Thanks for your detailed response.

I'll take a look at your site again, following the routes you suggest and I'll be in contact shortly.
JonnyT and others on this board recommend you, and you appear to offer everything I need, so it's just a matter of finalising my setup.
highisland is offline   Reply With Quote
Old Jan 20, 2006, 11:59am   #15
 
jmreeve's Avatar
Joined Mar 2002
Is there any truth in the rumour that IB might offer equity CFDs?
__________________
Tomorrow anything may happen for no reason.
jmreeve is offline   Reply With Quote
Old Jan 20, 2006, 12:09pm   #16
Joined Jan 2006
Interactive Brokers strategy is to provide our clients new value. For example, last year we provided multiple free upgrades to our software, we added new exchanges and services.
We are always considering new products, exchanges, features, services and etc. If we get considerable interest/feedback in adding CFD's to our product list we will consider it.

Quote:
Originally Posted by jmreeve
Is there any truth in the rumour that IB might offer equity CFDs?
Interactive Brokers is offline Broker   Reply With Quote
Old Jan 20, 2006, 12:11pm   #17
Joined Jan 2006
Quote:
Originally Posted by highisland
Gerald, Thanks for your detailed response.

I'll take a look at your site again, following the routes you suggest and I'll be in contact shortly.
JonnyT and others on this board recommend you, and you appear to offer everything I need, so it's just a matter of finalising my setup.

Thank you for the feedback and I will look forward to hearing from you. In the interim good luck trading!
Interactive Brokers is offline Broker   Reply With Quote
Old Jan 20, 2006, 12:15pm   #18
 
samuelhogg's Avatar
Joined Dec 2003
In my portfoilo I have a few holdings in penny stocks such as Platinum Mining(PMCI), Black Rock Oil(BLR) and Warthog(WHOG ). I cannot see these listed on http://www.interactivebrokers.com/en...e&ib_entity=uk , does this mean I wouldn't be able to transfer them to IB and trade in them?
__________________
Domine Dirige Nos.
samuelhogg is offline   Reply With Quote
Old Jan 20, 2006, 12:17pm   #19
Joined Jan 2006
Smile Re: Interactive Brokers

Dear Osho67:

As long as your Interactive Brokers account name matchs your wire transfer (withdrawal) instruction and appears in the name of the account you wish to forward the money too, there is no problem. With respects to JohnyT's comment, NO COMMENT


Quote:
Originally Posted by osho67
Oh wonderful thread,just what I want

I want to withdraw funds from an IB a/c which is in my sole name to be transferred into a joint a/c with my wife . Will there be any problem?
Interactive Brokers is offline Broker   Reply With Quote
Old Jan 20, 2006, 12:18pm   #20
 
jmreeve's Avatar
Joined Mar 2002
Quote:
Originally Posted by Interactive Brokers
Interactive Brokers strategy is to provide our clients new value. For example, last year we provided multiple free upgrades to our software, we added new exchanges and services.
We are always considering new products, exchanges, features, services and etc. If we get considerable interest/feedback in adding CFD's to our product list we will consider it.
Yes I would be interested in direct access CFDs.
Ideally would like per/share commission structure for UK. EU and US CFDs to allow
cost effective automated basket trading. Per transaction exchange costs
can be passed on as is.
__________________
Tomorrow anything may happen for no reason.
jmreeve is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Interactive Brokers FTSE Beater Brokerages 3 Nov 6, 2009 3:17pm
Interactive brokers kevo21 Brokerages 14 Jan 27, 2006 5:21pm
Interactive Brokers- £ or $ oriana Brokerages 3 Mar 4, 2005 8:37pm
is interactive brokers well known? tonyjai Stocks 5 Feb 14, 2005 1:32pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)