WHAT is the main reason to use interactive brokers?

hajimow · Oct 12, 2009

IB improved its customer support by increasing minimum fund to open an account from 2K to 10K. I believe that really reduced the traffic in their customer support side.

FanOfFridays · Oct 13, 2009

Quote from kiwi_trader:
I've got a number of degrees including an MBA with a dual Marketing/Finance major and always recall the importance of focus.
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A number of degrees, eh? Very, very impressive, kiwi. I have only one. But it's a good one. : )

Quote from kiwi_trader:
Someone said "you can be cheap, good, and fast - but only two out of three." Well you can focus on Speed through automation, Cost effectiveness, and Customer Service - but only two out of three.
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As a fairly satisfied IB customer who's on record as saying that 95% of the people who complain about IB are either fools or in a drawdown, I call bullshit on this.

www.advantagefutures.com

kiwi_trader · Oct 13, 2009

Your prerogative, right or wrong. Sounds like an engineering degree.

doubletrouble · Oct 13, 2009

Quote from kiwi_trader:

I've been an IB customer twice. Most recently since about 2000. I have had a number of other brokers during that period (and still have 3 others) but IB gets all my activity.

Why IB?
- they are technically advanced, automating as much as possible which has always supported my needs.
- they are economically attractive (combining lowish costs, safety of funds, conservative (remember all the "the margins are criminally high" stuff)
- they support markets across the world (who isn't thinking about trading India then? I am)

I've got a number of degrees including an MBA with a dual Marketing/Finance major and always recall the importance of focus. Someone said "you can be cheap, good, and fast - but only two out of three." Well you can focus on Speed through automation, Cost effectiveness, and Customer Service - but only two out of three.

IB has the lowest proportion of CS people of any of my brokers ... but I do my business with them. Through relationships here on ET I've received excellent support from IB - hell they've changed their automation to meet my (/our) needs. I amuse them by kicking sand (and other stuff) in the face of some of the fools here and I'm sure that helped (haven't you ever worked for a company and wished you could tell some of the customers or prospects what fwits they really were?) But we have to remember that they are a company trying to be good at something and "it" doesn't always match our needs.

Although I haven't always felt love towards a CS person who lacks my education and can't understand why they simply shouldn't just believe me I have received excellent service from IB.
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Whats there to trade for india? =)

kiwi_trader · Oct 13, 2009

I thought I might trade a couple of kiwis + a nick for an india. Worth a shot?

doubletrouble · Oct 13, 2009

Well I got no kiwis but I've plenty of nicks. 50 rupees buy! lol

FanOfFridays · Oct 13, 2009

Quote from kiwi_trader:
Sounds like an engineering degree.
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Well, it ain't a marketing degree, I can assure you of that.