It is easy to say that someone is clueless. Why don't you elaborate as to how. Try explaining and substantiating what you are saying. What a concept! Putting something in a bigger font does not make it any better or any truer.
I understood the initial post, it's you who needs to re-read it. He is concerned about real-time data cost, so he asked how much real-time data will cost him - you said it costs nothing and that's a lie. I told him that he does not need to subscribe to data, which is true as I've traded instruments before without data as I didn't need it. I agree with hhiusa, do you think writing in bold letters using a bigger font makes you look smarter? it makes you look 12.
I can't laugh enough with this one. You idiots are touting the importance of paying for "live-data" to trade when perhaps the live data isn't so accurate after all. SPX Index - different candles on Interactive Brokers
The joke must still be on you. Do you have proof that the data is not accurate? You who does not have real time data, knows this how? Who is your broker? How on Earth are you trading US options without market data? There is not just one price for most financial instruments. There is a thing called market depth. Haven't you heard?
at any rate for most new traders the greatest benefit of ib is their paper trading account. So open an account and just figure you are going to pay $30/mo or so just for the luxury of the paper account. And when you get your screen all set up and your strategy going and start trading it goes away.
From the Interactive Brokers site: Market Data Fees We provide real-time streaming market data for the prices listed in the sections below. You can also choose to receive free delayed market data for contracts for which you do not currently hold market data subscriptions. In addition, for clients who do not need the precise bid, offer and size every moment of the day and generate at least USD 30 in commissions per month, we offer free market data for US stocks, US futures (if you have US Futures trading permissions) and US bonds, as well as OTC Markets, Dow Jones Indices and CBOE Market Data Express Indices. Refer to the North America > United States market data fees table below for details. Professional versus Non-Professional Most exchanges and data vendors classify clients as either non-professional or professional. By default, organizations such as corporations, limited liability companies, partnerships and any account where the data is used for more than personal investment purposes is deemed to be professional. In addition, private persons may be considered professional if they are registered as a security or investment advisor, or act in a similar capacity. A trader who is employed by a financial services business may also be considered a professional. Click here for more information about non-professional qualifications. Link: https://www.interactivebrokers.com/en/index.php?f=14193&ns=T
Some fees are waived when actively trading. That's probably what the"guru" means. But some need more info, like debt of book etc. I pay over $150 a month for data/research. No reason to shout though. I'm not F#$%N blind....
What subscriptions do you use. When I wrapped my assets into a corporation, I had no idea that the exchanges would charge me professional fees. I ended up having to sign a professional subscriber agreement with the NYSE, which costs much more than that for market depth.
Yeah, that's why I'm not professional in that sense. The main components are $60 on research and $40 ASX stocks. I have global subscriptions. Mainly trade Asia though. I would guess my fees would be close to 1k when on professional terms?
Just opened an IB account, just to clear up the issue about quotes, you need to subscribe to get real time quotes, it's $10 a month which is waived if you have $30 in commissions a month, there is also a separate inactivity fee of $10 a month if you have $0 in commissions for the month, if you have commissions under $10 a month you will be charged the difference.