Interactive Brokers UI and Usability is shit! Should I switch?

New
eerty

New

eerty
Oct 6, 2021 5 Comments

I like the $1000 account creation bonus but man, their UI and usability sucks big time!!
1. When you search to buy a popular ticker like AMZN, it shows AMZN that's sold on some random exchange or some other shit that its so confusing.
2. Charges money to give you real time quotes
3. I sold a put on SPY and I wanted to roll it from the mobile app. F*cking dickheads, sold more puts instead of buying to close! Cos according to their mobile app, by default, rolling a sell does more sell of the same option and buys the option that you wanted to roll down to. God!!
4. When you select "Options" from the search bar, it shows 4 pre-determined strikes/expiries and NO option to select any other strikes/expiries. Only way is to choose the stock ticker-->Option Chain.

Should I move to Fidelity which is also not great but at least not so bad from a usability perspective.

Is there anything in IBKR that I should consider before moving? Is it worth it to stick around a bit longer?

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  • 8x8
    trimplety

    Go to company page 8x8

    trimplety
    They prob do it like this so newbies like you make mistakes and give all your $ to the pros
    Oct 6, 2021 2
    • New
      eerty

      New

      eerty
      OP
      On a serious note, is it worth learning all their weird techniques or just move out to a more friendly broker? Are there any compelling advantages in IBKR that other brokers don't provide at all? I can think of very low margin interest.
      Oct 6, 2021
    • 8x8
      trimplety

      Go to company page 8x8

      trimplety
      I can’t answer because I abandoned IB after a few minutes trying to figure it out. That was many years ago now.
      Oct 6, 2021
  • Real time quotes are chargeable pretty much in all the major brokerage firms. Even fidelity, schwab etc have 10-20 min old data in general. I agree the UI takes time getting used to
    Nov 15, 2021 0
  • Google
    iedjd

    Go to company page Google

    iedjd
    The only reason I stick with IBKR is their low margin rates. You will get used to the UI and it’s not like you are buying and selling all the time.
    Oct 7, 2021 0