How soon changing data subscription take effect.

Discussion in 'Interactive Brokers' started by TimtheEnchanter, Nov 6, 2020.

  1. Do I need to wait to the end of the month?
     
  2. should be immediate
     
    TimtheEnchanter likes this.
  3. ZBZB

    ZBZB

    Maybe logoff and on,
     
  4. When subscribing you'll get access to the data immediately. When unsubscribing you'll continue to have access until the end of the calendar month.
     
    Overnight likes this.
  5. Overnight

    Overnight

    This makes sense, since they charge you for the subscription for the month ahead. Like paying rent. You always pay forwards, not backwards.
     
    george_the_second likes this.
  6. Exactly.
     
  7. Just remember that it takes 1 business day for unsubscribing, so don't do it in the very last day of the month or you might end up pay for the following as well.
     
  8. SunTrader

    SunTrader

    No you pay for current month. If it is Nov 1st or later (like it is now) you pay for Nov. At least that is how TradeStation does it. Been so long since I used IB maybe they (and others) are different? Though doubt it.
     
  9. Overnight

    Overnight

    Since I have never cancelled my subscription, I will never know if they pro-rate a refund by the day count.

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    It basically works out to what I thought. You are paying for the month ahead, not the month behind.
     
  10. SunTrader

    SunTrader

    Ahead?

    Nov 2nd for the month of ... Nov.
     
    #10     Nov 7, 2020