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Old Mar 22nd, 2012, 11:18 PM   #1
Comptalk
 
 
Join Date: Jul 2006
Posts: 469
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?
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Old Mar 23rd, 2012, 05:33 PM   #2
Hurricane
 
 
Join Date: Jan 2003
Posts: 766
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.
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Old Mar 23rd, 2012, 08:24 PM   #3
N54_Fan
 
 
Join Date: Sep 2011
Posts: 388
Quote:
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.
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Old Mar 24th, 2012, 12:06 AM   #4
Traveler
 
 
Join Date: Apr 2003
Posts: 776
Aren't the Pro fees $200 everywhere?
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Old Mar 24th, 2012, 01:23 AM   #5
Comptalk
 
 
Join Date: Jul 2006
Posts: 469
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.
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Old Mar 25th, 2012, 02:30 PM   #6
N54_Fan
 
 
Join Date: Sep 2011
Posts: 388
Quote:
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.
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