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Re: [amibroker] Interactive Brokers Reply



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Johan,
 
I read your post regarding IB and would like to use 
your expertise as well.
 
Just last week, I opened an account with them but 
was neber able to get TWAS 4.0 up and running.
 
The always send me back and forth from cust. 
service to tech support and vice versa.
 
What did you mean exactly by your mentioning of 
stop orders. Don´t they work them properly, especially when they´re setas 
GTC???
 
Thanks for your input
 
Markus
(Germany)
<BLOCKQUOTE 
>
----- Original Message ----- 
<DIV 
>From: 
Hal Brehe 

To: <A title=amibroker@xxxxxxxxxx 
href="">amibroker@xxxxxxxxxxxxxxx 
Sent: Thursday, August 16, 2001 2:13 
AM
Subject: Re: [amibroker] Interactive 
Brokers Reply
Hi Johan,I have three accounts withIB. 
They are great, except you get NO interest of any kind on your money, 
therefore if you don't intend to invest the majority of your funds, maybe 
there might be some other brokerage paying interest you might consider. 
If you need psychological or any YES man working for you, then it's No 
Good, as you are warned before you open account that you should know all about 
how to place the orders that you want, because it is YOU who, in effect, place 
your orders and then send them on to the market makers. At 1 centper 
share on stocks for the first 500 shares, then 0.5 cents/share for quantities 
above 500. Futures contracts are very low also - I believe around $1.50 -- but 
you can read all of that stuff at their site.If you want to "be on 
your own", then this is the place. If you learn to use the "Hot Keys" forthe 
various functions, then I understand that the market action is almost 
instantaneous and suitable for "day trading".Their "HELP" works best 
with e-mails, and at times is a bit slow in responding, to counter that there 
is 24 hour help. You might be talking to Hong Kong, after our markets closed 
(I did!), but somewhere in the world there is an IB brokerage that will try to 
answer your questions. You can tell that they are NOT over staffed, but I 
believe  its adequate. I had trouble with Stop orders, then I found out 
that stops are a two price operation. The trigger price then the Active price. 
So should you use stops, then be warned, study them closely before you use 
them.If you have other questions, give me a shout. As for me, IB is 
GREAT!Regards, HalAt 11:40 PM 8/15/01 +0000, you 
wrote:
Hello,I'm looking for a broker in the 
U.S.Has anyone experience with "Interactive Brokers"?Any 
advice or suggestion is welcome.Best regards,Johan 
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