Forums - IB trustuworthy?

HOME FORUMS BROKERS SOFTWARE BOOKS CONTACT US

Your Account • Become a Member • Help • Search

	Forums ›› Direct-Access Brokers ›› Retail Firms ›› IB trustuworthy?

Page 1 of 2: 1 2

apple

Registered: Sep 2008
Posts: 71

07-09-12 09:04 PM

when dealing with IB, feel like they're not trustworthy.
Submitted fund withdraw and fund deposit request at the same time with different currency, deposit request processed very quickly, while withdraw not processed until inquired, their excuse is it takes more time when they're busy, or when it needs manual approval.

It sounds like an excuse for them to hold the fund as mcuh as they can.

Edit/Delete • Quote • Complain

rwk

Registered: Dec 2003
Posts: 983

07-09-12 09:56 PM

If you're a U.S. resident, withdrawals can be automated. If you're outside the U.S. or need manual processing, expect it to take a long time.

Edit/Delete • Quote • Complain

vicirek

Registered: Dec 2011
Posts: 346

07-09-12 10:22 PM

IB is OK; they are just not customer oriented because they assume you are more professional trader and do not need much help and hand holding. If you need more help then broker with higher fees is for you and it still does not guarantee better service.

Edit/Delete • Quote • Complain

Kirkx

Registered: Nov 2010
Posts: 66

07-09-12 10:52 PM

With IB you need to avoid doing anything that requires human involvement on IB's part. Their philosophy is to have everything automated and done by computers.

I'm from Canada and there are no problems with either deposits nor withdrawals, which can be done either as bank SWIFT wire transfers or through our local Electronic Fund Transfer system.

It seems that your account is located outside N.America, where for some reason IB doesn't offer automated withdrawals.

Edit/Delete • Quote • Complain

pbb

Registered: Sep 2005
Posts: 64

07-09-12 11:56 PM

Just to say, I never had any withdrawel problems with IB here (Netherlands). I think it takes three to four workdays at the max (even had it the next day once) for the funds to be in my bank account.

Edit/Delete • Quote • Complain

BSAM

Registered: Sep 1999
Posts: 8378

07-10-12 12:24 AM

In my opinion IB is the only trustworthy broker out there, all things considered.

Edit/Delete • Quote • Complain

Page 1 of 2: 1 2

Receive an email whenever a new post is added to this thread by subscribing to it.

Rate This Thread:

Forum Jump:

Conduct Rules - Privacy Policy - Day Trader - Day Trader Forum - Best Trading Software - Sitemap

WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Advantage Futures Futures Brokerage & Clearing AMP Global Clearing Futures and FX Trading Bright Trading Professional Equities Trading CTS Futures Trading Software DaytradingBias.com Professional Trading Analytics ECHOtrade Professional Trading Firm	eSignal Trading Software Provider FXCM Forex Trading Services Global Futures Futures, Options & FX Trading Interactive Brokers Pro Gateway to World Markets JC Trading Group Direct Access Trading MB Trading Direct Access Trading	MultiCharts Trading Software Provider NinjaTrader Trading Software Provider OANDA Currency Trading optionshouse Option Trading & Education Rithmic Futures Trade Execution Platform SpeedTrader Direct Access Trading	SpreadProfessor Spread Trading Instruction thinkorswim by TD Ameritrade Direct Access Trading TradersStudio System Building & Backtesting Trading Technologies Trading Software Provider Trend Following Trading Systems Provider