I think IB is the biggest bubble that needs to burst

Discussion in 'Retail Brokers' started by JSOP, Jan 29, 2021.

  1. mukoh

    mukoh

    Isn't IB #1 in funds in accounts compared with all other retail brokers? You think it sucks that bad, try etrade platform, or others and see what you like.
     
    #21     Jan 29, 2021
    kmiklas likes this.
  2. newwurldmn

    newwurldmn

    you know how share prices work, don’t you?
     
    #22     Jan 29, 2021
    terzioglu likes this.
  3. kmiklas

    kmiklas

    Amen!! I've tried Etrade, Ameritrade, ScottTrade, TradeKing, and a few others... they all suck compared to IB.

    Unless you want to pay big bucks for a BB terminal, Eikon, or the like... IB is a blessing!
     
    #23     Jan 29, 2021
  4. ktm

    ktm

    I am neither an employee nor shareholder of IB, but I do have an IB account.

    Not sure what your definition of a bubble is, but in all of these angry posts you haven't explained anything related to any kind of "bubble" with regards to IB. You seem like you are just torturing yourself by being with IB and not really benefiting from all this volatility of late. I hope you figure this out and find some happiness somewhere...somehow.
     
    #24     Jan 29, 2021
    stochastix likes this.
  5. I don't understand why people complain about IB all the time in this forum, so which broker is the best ? IB offers me great margin rate, happy with their commisions not just in the US but worldwide. I can enter Hong Kong, Japan,Australia in the morning, UK,Euronext,Italy,Sweden in the afternoon and USA in the evening. TWS platform is bad this and that confusing etc.. whats confusing about it ? There is a watchlist window, you type in the symbol you want and press enter. You bring up the chart, bring market data window, order entry, news window if you want and finish. Its all on the upper left corner. If my friend acted like a douche and change the platform language into Chinese or Arabic I can still utilize it, its that easy. They got issues with replies to tickets but overall I managed to solve my issues via chat,&phone call.
     
    #25     Jan 29, 2021
  6. kmiklas

    kmiklas

    Preach it! IB was instrumental in me getting my first big programming jobs in finance, because I could get my feet wet writing algos using the IB api. I could then talk intelligently about them in interviews.
     
    #26     Jan 29, 2021
  7. JSOP

    JSOP

    Well IB banned trading in these stocks so you are right I can't really benefit from "all this volatility of late". To me a brokerage shouldn't make investment decisions for me. Its job is to execute my order. Once it refuses or stops doing that, it's no good. It's not doing its job. If it's not doing its job then why should it exist? Why is it worth its stock value?

    You are all just too chicken to do something about it cuz you got too sucked in. LOL
     
    #27     Jan 29, 2021
    terzioglu likes this.
  8. JSOP

    JSOP

    "Programming jobs in finance"??!! IB is for TRADING!! We are TRADERS!! We TRADE for a living. Your programming ability I am sure is great but how is that relevant to trading? IB is not a programming training platform; it's a trading brokerage!! ET here is a TRADING forum. You are in the wrong place, pal.
     
    #28     Jan 29, 2021
  9. ET180

    ET180

    I've only noticed a few IB software bugs. They come up from time to time and I post them here on this forum. None of them were a huge inconvenience to me. The API keeps me at IB. I don't know of another broker with as comprehensive of an API. I've used their customer service and although the annual process of adding new money to my Roth IRA via backdoor Roth or managing multiple accounts is a pain in the butt to setup, once it's setup, it's nice being able to access all my accounts from one login. I've never had a problem with their execution policy and they give me far more margin that I ever use.

    That google score is BS. 90%+ of all traders fail at day trading. IB caters toward active traders. So there's going to be a lot of pissed off people who lost money and blame the broker because they can't accept fault for their own mistakes.
     
    #29     Jan 29, 2021
    levanyashin and eastern_warrior like this.
  10. speak for yourself but I do value IB - have been a long term customer. Their margin policy (and forced liquidations) ensure that a bunch of idiots don't bring down my account with their trading (remember mfglobal) - i love their API access and I have 4 other brokerage accounts that in combo don't even come close with the securities I can short at IB. I even take their subpar customer service considering all the other benefits they provide. I shopped around quite a bit and what you get (e.g. futures spread margin if you pairs trade, portfolio margin with just 100k, the largest selection of short stocks, the best execution across all my brokerage platforms, java/linux api access) is hard to match with other brokerages.
     
    Last edited: Jan 29, 2021
    #30     Jan 29, 2021