Help needed re Interactivebrokers

[One Eyed Shark]

I have just opened an account with IB, could someone please help clarify the $ value of each ES contract, also do I work on .1 for each point ( like d4f ) or a full index point.

Thanks

 

[Skimbleshanks]

Each ES contract is $50 per point, per contract.

It is traded in 0.25 point increments, therefore each represents $12.50.

 

[frugi]

Quick question, especially for Trader333 or Oatman.

When you withdraw money from IB am I correct in saying that all you need is the SWIFT code of your bank (in my case NatWest NWBK-GB-2L), your name, account number and the branch name and address? Do you need the sort code or any other reference as well? It appears that you don't but I wanted to be sure.

Many thanks.

 

[FTSE Beater]

Hi Frugi

No you don't. All I really needed was the Swift code.
There is an online form to fill in, which then gets confirmed by e-mail. On that e-mail is a Key code that needs to be entered when you make your request.

HTH

 

[frugi]

Cheers mate.

 

[oatman]

Log in to Account Management and it uses your Default settings.
I think they've changed things but your Deposit settings are used for withdrawals.

Lovely :cheesy: