IB is like learning a new culture... So the onus is on the customer to learn how IB likes things done... ** And adapt to IB **... cuz they will never adapt to you. Complaining about this fact of life is pointless. In terms of Canadian deposits... Get your lazy ass over to a Tier I bank or affiliate like TD Canada Trust... Open an account... And Fedex "bank drafts" to IB. Money is play within 48 hours using this approach... And you can order wires online to pay yourself... that arrive the ** same day **.
exactly. however,they do to adapt to the customer but only if it is a win win situation. http://www.elitetrader.com/vb/showthread.php?s=&threadid=73808&highlight=ib+liabilities name of this thread IB passes 3billion in liabilities the first post on this thread shows the tremendous increase in IB"s business. read other threads which discuss IB and the advantages of doing business with this co.
You know... People seem very impressed by IB's growth rate... But they are < 1% the size of Merrill Lynch. http://en.wikipedia.org/wiki/Merrill_Lynch I actually think that their obssession with automation... And inflexibility about automation... Significantly limits their growth. Transaction costs have gotten so low... That it just doesn't matter if you are charging $0.003 or $0.004/share. Only 25% of my gross profit goes to IB... I make $1,000 and pay $250 to IB. If that $250 is slashed another 10-20% ... who cares? Some services can only be provided by qualified human beings... Like a good Reorg or Stock Loan department... And many pros will and do pay a little more for such indispensible services. 3 years ago they were still posting full financial results on their web site... Do they still do so? Is there a link to their actual financials?
Here we go http://www.interactivebrokers.com/en/general/about/financials.php?ib_entity=llc BTW, your compare apples and oranges. I especially like this Pizza Hut part in wikipedia. It is just not our business.