Forums - IB's Real Time Data fees

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Posted by Comptalk on 03-23-12 04:18 AM:

IB's Real Time Data fees

Switching from Scottrade to IB has had some changes here and there. Unlike Scottrade, IB gives no free data in terms of quotes. The pro fees are like 200 bucks a month just for real time data. That's crazy. Anyone know a service I can use to get this data at a lower price?

Posted by Hurricane on 03-23-12 10:33 PM:

You'll get most quotes you'll probably need at IB for free if your commissions are $30+ for a month. Not too difficult to achieve.

Posted by N54_Fan on 03-24-12 01:24 AM:

Quote from Hurricane:

You'll get most quotes you'll probably need at IB for free if your commissions are $30+ for a month. Not too difficult to achieve.

This is only in an individual acct. He is talking about when you are listed as a "Corporation" you are automaticaly classified as a "pro" trader and then you have to pay $200/month for data feeds.

The way around it is to subscribe to another service for the data feeds or get an individual acct at IB and pay the $10 a month for the individual acct that has a nominal amount that you do NOT trade ... just to get the feed.

Posted by Traveler on 03-24-12 05:06 AM:

Aren't the Pro fees $200 everywhere?

Posted by Comptalk on 03-24-12 06:23 AM:

Yep. Since I'm a corp, I'm classified as a "pro". Which is bullcrap. I like the commissions with IB, but without real time data, which Scottrade and TD Ameritrade gave for free, it is a small fortune every month.

Anyone know of a broker who offers similar trading fees such as IB, but offers real time data at an affordable rate? I'n not paying 2500.00 a year for real time data where other brokers offer it for free, or at least at a fair rate.

Posted by N54_Fan on 03-25-12 07:30 PM:

Quote from Comptalk:

Yep. Since I'm a corp, I'm classified as a "pro". Which is bullcrap. I like the commissions with IB, but without real time data, which Scottrade and TD Ameritrade gave for free, it is a small fortune every month.

Anyone know of a broker who offers similar trading fees such as IB, but offers real time data at an affordable rate? I'n not paying 2500.00 a year for real time data where other brokers offer it for free, or at least at a fair rate.

These fees are set by the exchanges NOT IB or any other broker. All of them are nearly the same. Again,...sign up for an individual acct AND corporate acct and you use the info/data from the individual acct and trade on corp acct. The thing I am also considering is to use "Pro acct" to trade and the FOREX data is still free. I use stockcharts.com for my charting so that service has realtime feeds for ~$10 /month. However, they do not have realtime feeds for other non-US exchanges and not for FOREX. So a bit of a workaround....use stockcharts for stocks and ETFS and IB Pro data feed for FOREX.

Posted by zdreg on 03-25-12 08:10 PM:

the op seems to be implying that he received a rebate of
200/month .was that the situation?

Posted by screw_jack on 04-23-12 12:23 PM:

Quote from zdreg:

the op seems to be implying that he received a rebate of
200/month .was that the situation?

No he was not implying that. He was just say he could get the data free of charge with Scottrade and TD.

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