Does anyone have an Interactive Brokers account?

Google / Eng
sintill8

Go to company page Google Eng

 sintill8
Nov 19, 2017 5 Comments

That they use for international stock trades? Any success, tips, or warnings for use?

5

comments

Want to comment? LOG IN or SIGN UP
  1. TOP
  2. RECENT
  3. OLD
 TOP 5 Comments
  • Fitbit / Product
    Reticulate

    Go to company page Fitbit Product

     Reticulate
    Expensive for small trades, you also have to pay for most data feeds. If you want to start small use Robinhood, then transfer your stocks to IB once you've built up a portfolio
    Nov 19, 2017 2
  • I have used it for a year pretty successfully. Tips:

    1. If you’re trading normal stock (equities) don’t worry about data subscriptions. Just open google finance in a separate tab. They’ll warn you not to trade without data sub but no problem.

    2. Each trade is about $1 which is the cheapest I’ve seen anywhere.

    3. Inactivity fee of $3 per month if you don’t spend at least 3 in fees. Unless you have >100k in account. Just put in 100k.

    4. Customer service is polite and highly skilled/effective but wait times are long. :shrug you get what you pay for. Calling on the phone works best.

    5. The interface is more complicated than any other I’ve seen because it literally hands you the power to trade anything (want toxic mortgage backed derivatives, all yours). Be ready to be patient and learn it.

    6. Find the tax optimizer and set your tax optimization strategy to maximize short term losses. Not sure why they default to the silly fifo.

    7. Be careful of margin, as always.
    Nov 20, 2017 0
  • Apple
    Bnhjk56

    Go to company page Apple

    Bnhjk56
    Interactive brokers is the best company that allows you to continue trading even if you no longer live in USA
    Nov 20, 2017 0