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Had a bad day, did we?
IB doesn't charge for phone calls, I should know, I've made a few over the
years. If your system or your ISP screws up, then they'll charge you the $30
to place an order manually. Cancellations of all open orders are still free
to my knowledge. Seems fair enough to me. It only takes 6 R/Ts a day roughly
to make up the $30.
In the 2-3 years that I've been with IB, I've never once had to pay the $30.
Now, I wonder "what actual commissions [am I] paying then ????" :)
Andrew
----- Original Message -----
From: Frank Richardson
To: TaoOfDow
Cc: omega-list@xxxxxxxxxx
Sent: Wednesday, June 12, 2002 1:00 PM
Subject: IB fined $230,000 by NASD
SmartAss Interactive Brokers fined $230,000 by NASD in April 2002 for
multiple violations . . .
Full article pg. 20, Active Trader, July 2002 issue
As they say, if the price is that low ($4.80 per RT) it's probably too good
to be true --- next time the IB network goes down and you have to try to
call in by phone to check your order while the market is going against you .
. . and IB charges you $30 for phone calls . . . what actual commissions are
you paying then ????
Frank
n Sun, 09 Jun 2002 18:30:40 -0400
TaoOfDow <TaoOfDow@xxxxxxxxxxxxxx> wrote:
> IB's entry-order program and something like $4.80/RT commission rates are
quite
> favorable, for sure. Yet, I don't recall a single communication I had
with them
> (by E-mail, as I was virtually unable to get them by phone) where their
> representative wasn't rude, sarcastic, off-putting etc. I finally decided
life
> was too short to deal with that and closed my account. I'm happy to pay
not
> that much more for civility --- civility is an understatement --- customer
> service reps who appear glad to have my business and whose behavior is
congruent
> with that.
>
> Kent Rollins wrote:
>
> > There's a new list in town. For those who don't know, Interactive
Brokers
> > (IB) is a broker that allows stocks and futures trading with very low
> > commissions and several options for programmable trading API's. They
have
> > mostly positive reviews from the posts I've seen with the one consistent
> > exception being that it is next to impossible to get thru to them on the
> > telephone during market hours. They appear to be aggressive in terms of
> > creating new trading options for customers.
> >
> > Kent
> >
> > ----- Original Message -----
> > From: "marinindextrader" <marinindextrader@xxxxxxxxx>
> > To: <ats-forum@xxxxxxxxxxxxxxx>
> > Sent: Saturday, June 08, 2002 7:44 PM
> > Subject: [ats-forum] New IB TWS API Use Group formed
> >
> > For those interested in joining or contributing, there is a new use
> > group dedicated to Interactive Brokers API.
> >
> > Exchange code and ideas on the nuts an bolts of this API, or vent
> >
> > We are not an ATS forum. This forum serves mightely in that capacity.
> >
> > We are an API specific group. Newbies to programing welcome.
> > Sample files posted with source code on how to connect.
> >
> > http://groups.yahoo.com/group/twsapi/
> >
> > Scott
> > Owner
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