Has anyone used International Brokers?

JDuPreez

Junior member
15 0
Is anyone familiar with International Brokers Inc.: ibworldwide.com? If so, what do you think of them? I'm interested in using them, but not sure since I haven't heard anyone talk about them.

Their trades from $2.95 looks really cheap...
 

Hittfeld

Well-known member
437 12
Is anyone familiar with International Brokers Inc.: ibworldwide.com? If so, what do you think of them? I'm interested in using them, but not sure since I haven't heard anyone talk about them.

Their trades from $2.95 looks really cheap...
Well, most probably they are too shy and they try hard to never get mentioned. To achieve this they even hide all legal details, address, office locations etc. . But they must be a very successful firm as they stress their commitment to honesty and integrity. Unfortunately I`ve learned that whoever stresses honesty often is just an utmost dishonest person. But that`s just personal experience.

They must be prime examples of integrity as they even want to protect you from your own (spending) vices: To avoid that you go on a spending spree they will only send you cash on 1st and 15th of a month. Don`t know what happens if these fall on saturday/sunday/bankholiday. Maybe you`ve got to wait another month to get some cash back.

But I must have misunderstood their website. So please correct me.

Regards
 

MadProfit

Newbie
1 0
Experience with International Brokers

As a seasoned trader, International Brokers caught my attention.

First, the reader should understand that I have had or still have accounts with Merrill, OptionsExpress and Interactive Brokers and as an example traded long-dated contango spreads on crude oil futures as well as all stocks, bonds and other commodity futures. Naturally, all of these firms are reputable and first rate. But, I find these firms not flexible in their policies and operations as massive size creates the need to have an infrastructure that is solid and is rules based in their operation.

International Brokers is ONLY for the knowledgeable and experienced trader in my humble opinion. One must understand this is not a large firm but operates with flexibility and is responsive to the individual trader. Whilst their systems are not as fancy as the big brokerage firms, their front-end is low latency and have no trouble in placing any of my trades in the stock and options markets with tight bid/offer spreads. I have found some minor glitches in the operation of their screens but they were fixed very quickly - same hour or day - upon my notifying them.

I opened an account with them recently and have found them to be very professional. Whereas some brokers take days to answer, respond or resolve issues, these guys are personal. Their margin policy is tailored to the individual trader which is the primary reason why I opened an account with them.

Now, one must understand the risks involved with a small firm so read the account application and risk disclosures carefully with any firm but when you have someone like MF Global blow-up, it can happen to any brokerage firm. My recommendation is that you carefully weigh the reputational, operational and risk management policies of the firm. In my case, for being a private firm, they have acted thus far professionally.

The accounting - recording, settling and reporting - of trades is OK. Their processing of my deposits exceeded my expectations. As of today, I have not withdrawn any funds.

Time will tell as I must prove myself as a responsible trader - not a cowboy - and they must prove themselves as a well managed (operational and internal risk management) private brokerage firm.
 

justtrader

Well-known member
470 71
Well there you have it!
they must be totally legit
A seasoned trader called madprofit with 1 post has said they are ok!
Just ignore Pboyles advice and open a account with them.
 

Tralph

Newbie
1 0
Is ibworldwide still trading as their link goes to a domain name trading platform?

As a seasoned trader, International Brokers caught my attention.

First, the reader should understand that I have had or still have accounts with Merrill, OptionsExpress and Interactive Brokers and as an example traded long-dated contango spreads on crude oil futures as well as all stocks, bonds and other commodity futures. Naturally, all of these firms are reputable and first rate. But, I find these firms not flexible in their policies and operations as massive size creates the need to have an infrastructure that is solid and is rules based in their operation.

International Brokers is ONLY for the knowledgeable and experienced trader in my humble opinion. One must understand this is not a large firm but operates with flexibility and is responsive to the individual trader. Whilst their systems are not as fancy as the big brokerage firms, their front-end is low latency and have no trouble in placing any of my trades in the stock and options markets with tight bid/offer spreads. I have found some minor glitches in the operation of their screens but they were fixed very quickly - same hour or day - upon my notifying them.

I opened an account with them recently and have found them to be very professional. Whereas some brokers take days to answer, respond or resolve issues, these guys are personal. Their margin policy is tailored to the individual trader which is the primary reason why I opened an account with them.

Now, one must understand the risks involved with a small firm so read the account application and risk disclosures carefully with any firm but when you have someone like MF Global blow-up, it can happen to any brokerage firm. My recommendation is that you carefully weigh the reputational, operational and risk management policies of the firm. In my case, for being a private firm, they have acted thus far professionally.

The accounting - recording, settling and reporting - of trades is OK. Their processing of my deposits exceeded my expectations. As of today, I have not withdrawn any funds.

Time will tell as I must prove myself as a responsible trader - not a cowboy - and they must prove themselves as a well managed (operational and internal risk management) private brokerage firm.
Is Ibworlwide still trading as their link goes to a domain name trading platform?
 

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