Breaking: Interactive Brokers lite commission free

Discussion in 'Interactive Brokers' started by ZBZB, Sep 26, 2019.

  1. ZBZB

    ZBZB

    Truely pathetic.
     
    #61     Sep 27, 2019
    GregorySG9 and d08 like this.
  2. d08

    d08

    Rather sounds like you don't understand anything. If I limit buy on one exchange I might get filled at 15.995 and 16.00 on another. Both are valid fills but one is clearly a lot better.
     
    #62     Sep 27, 2019
    GregorySG9 and Maverick2608 like this.
  3. d08

    d08

    On average? I highly doubt it. On certain occasions you might but I'm interested in the averages, statistically meaningful numbers. It simply makes no sense to pay for a feed, get an equal or worse price - it's a losing business model.
    I suggest you run comparisons between exchanges like IEX and ARCA etc. to see how big the differences really are. It's quite amazing.
     
    #63     Sep 27, 2019
    GregorySG9 likes this.
  4. IB just wants to bait and switch newbs into regular accounts. They'll probably be educating the newbs on order execution quality as time goes on via email spam. And if they don't move they just clean up on order flow comms. I'm sure they'll offer better service than the other no fee brokers.


    Pretty smart move really.
     
    #64     Sep 27, 2019
    GregorySG9 likes this.
  5. if you think .005 is a LOT better , you must trade 10k blocks all day.

    My trading does not depend on 1/2 cent diff in execution, if yours does you're not doing it right

    Maybe we at ET can help you improve
     
    #65     Sep 27, 2019

  6. ps only a dark pool will fill you at a price like that . see, you're learning already!
     
    #66     Sep 27, 2019

  7. A new trader or anyone trading slowly, SHOULD prefer a free platform.

    It's 2019, and IB is actually charging too much for trades. It cripples the ability to trade for profit or break even . You cant break even if you have to pay them $1 per hundred. Thats a $100 a day on 1000 shares 10 times , at break even .

    I refuse to trade often , and pay that kind of vig, to trade against co located bots.
     
    #67     Sep 27, 2019
    Math_Wiz likes this.
  8. guowei58

    guowei58

    does IB Lite cover MOC or MOO orders?

    Also, have you guys tried Alpaca? it's API-enabled free commission brokerage. It's relatively new, but since it allows API trading AND offers free commissions, it's probably attractive to many on this forum...
     
    #68     Sep 28, 2019
    GregorySG9 and d08 like this.
  9. tommcginnis

    tommcginnis

    One thing does not follow from the other.
    You need a handle on math:
    https://www.interactivebrokers.com/en/index.php?f=1590
    You are not trading against bots. Bots trade for epithelial cells -- you trade for chunks of hide.

    The world is not out to get you -- they don't care that much.
     
    #69     Sep 28, 2019
  10. d08

    d08

    Why would I care if it's a dark pool or anything else? We're talking about the numbers.
     
    #70     Sep 28, 2019