Day Trading & Forex Forum

Airthrey Capital

I am thinking of opening an account with IB. I must admit I had never heard of them before I subscribed to this site, and it appears that some of you seem to use them. I have read some of the comments on the Reviews thread, but need a little more encouragement before I actually go through the process of opening an account.

I purely trade FTSE futures, and ocassionaly FTSE options. I tend to day trade, but will sometimes hold positions for 3-4 days, and rarely hold a position for more than 2 weeks.

I will trade anything form 1 to 10 lots.

Are there any other FTSE traders out ther who use IB, and would you recommend them?...I am aware support is not that great.

What do they typically charge, and is there a minimum trading charge per month?....Is the trading platform any good?...

I would appreciate any useful feedback from T2W members.

Thanks

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Long of hope, short of disaster.

oatman

It's all on their website
http://www.interactivebrokers.com/index.html
I've just opened with them because I'm p....d off with Ftse future and want to look at other things ie Dow future and Nasdaq stocks. Like anything, it's a bit strange at first.

Good luck

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Every market has a bottom, every bottom has a hole in it.

Airthrey Capital

Oatman,

Thanks for the link...just taking a look now.

__________________
Long of hope, short of disaster.

sidinuk

I use them for E-mini S&P500 and find them very good. The trader workstation is very reliable and they are very cheap. I have found email support to be ok, they resolved a problem I had but it did take a couple of weeks. It was only a minor problem, I have never had cause to phone them.

Trader333

Yes I would recommend them and I do have an account with them. Their costs are second to none as is their reliability (so far). They are not so hot on telephone backup but I havent had cause to use that yet. With the right software you can even use their datafeed to chart your chosen markets. All in all they are good in my view.


Paul

Airthrey Capital

Currently trying to access their TWS demo, but I keep getting the message that the demo is currently unavailable. Oh well, just have to keep trying!

__________________
Long of hope, short of disaster.

jitasb

Hello...
I am in looking into opening an account with a Direct Access broker. Have currently narrowed it down to IB and GNI.
Just out of interest is GNI same as ManFinancial ??

But that aside, my main question relates to financial costs.
As I understand it, you pay commission on each trade (open and close), you need to have a minimum account size and enough to cover the margin requirements for each trade.

Apart from that are there any other costs ?
E.G Do you have to pay for using the software platform (e.g J-Trader/ TWS or whatever)
E.G Do you have to pay for Data and/or streaming charts..

Thanks in advance..

Trader333

jitasb,

For IB the only other cost is the exchange fee for the market you are trading. After that there are no other costs for the software or using the data.



Paul