I have tested IB CFDs LIVE and the fills are within half a second every time.Hello Mr Charts,
I have been trying to master this technique in a paper trading account with Interactive Brokers. I have been using CFD's so that I can limit my initial investment and not have to worry about the day trader minimum account. I have suggested to IB that they add a filter for CFD to their market scanner. Hopefully they will !
One of the problems I have been having is in filling orders in a timely manner. I am only using 100 - 200 contracts to experiment with, but this can take 5 - 10 seconds to fill the order. Should I be using a different type of order i.e. AON ? I have tried Limit and Market, but both are similar.
Maybe this is a feature of CFD's , although IB state that they do not take a Market Maker role. They have DMA access and immediately hedge the position with the underlying. I would have thought that should have same liquidity as the underlying.
I can see future problems if I try and scale the position to 500 or 1000 CFD's.
Any opinions / suggestions are much appreciated.
I would guess your delays are due to it being a demo.