Recent content by def

That is a standard clause at any brokerage. In general IB charges 50% of the CME intraday and full margin overnight. You can confirm those rates on the exchange site as well. For stocks, you typically get 4:1 intraday (assuming your account is over 25K USD) and 2:1 overnight. For low cap and...

You are looking at a demo account which is nothing more than a demo. For live or delayed data you need to use the paper trader which is only available once you open an account.

1. IB UK 2. you don't need 25K to open an account. it's 10K. The 25K is required if you are going to actively trade US stocks to avoid being restricted by the US pattern day trading status rules 3. yes 4. i believe capital gains (others can confirm) 5. yes, you'll need to pay monthly minimums...

This is an easy way to do it: start by clicking on the Account button at the top of the TWS, then click on the Currencies menu option and you will see a drop down menu option titled 'Close All Non Base Currency Positions'. Upon clicking that link, the account holder will be guided though a...

I'm not aware of the note but if you're talking about your initial deposit why wouldn't it be available for trading. There is only one cash balance in the statements.

IB is direct market access. All the questions are on the web site. This is from the home page. Ditto for the Canadian questions. All the info is under fees and minimums. The US CME data is free if you do over $30 per month in commissions. Future contracts mostly expire to cash. There is no...

I think you're reading too much into it. Of course you need to contact your bank to do the wire. The way it works is that you go to account mgmt where the wire info is provided. You enter the deposit notification on the IB side so they can electronically match the incoming fund when they...

All fees are here: http://www.interactivebrokers.com/en/p.php?f=commission There's a sliding scale so it depends on your volume. The flat rate starts at .85 cents per contract plus costs for US futures. US equity options start at 70 cents and slide down. There are NO exercise or assignment fees...

I just took 10 seconds to find this on the IB site: Wire Same day electronic movement of funds through the fed wire system. You must contact your bank to initiate a wire. Please complete a Deposit Instruction on the Fund Transfers page in Account Management/Funds Management. You must instruct...

I answered above but do note all the answers to your questions are readily available from the website at www.interactivebrokers.com

All you ask is on the IB website. This is a good place to start: http://www.interactivebrokers.com/en/accounts/universalAccount.php?ib_entity=llc and for deposits: http://www.interactivebrokers.com/en/general/about/ibgStrength.php

You can trade directly from the IB chart's as well.

Very simple. Just a bank wire in the currency of your choice and follow the wire instructions under account management http://individuals.interactivebrokers.com/en/p.php?f=funding&ib_entity=llc

Do you know that the contracts are physically delivered and pit traded (ie. not electronic)?

Your funds may be wired into Citigroup but that doesn't mean they remain there. IB distributes client funds amongst a number of banks to limit exposure. More info can be found here on the safety of funds: http://individuals.interactivebrokers.com/en/general/about/ibgStrength.php?ib_entity=llc...