EDIT: My new broker (Alaric) provided me with a beautiful discount. Using my code: JESSE or with the following link you get up to …
50 Comments
I recently found out about their free-running rule where You have to wait two business days before you can Sell your positions. Maybe this is an account type thing but If you sell your positions before those two days they will lock those funds from u for 30 days or more. The thing I don't like is that they don't inform you about these things via notifications. I have to contact a representative to find out what was happening. Interactive brokers doesn't seem to be the best for day trading but if you're a long-term investor it might be perfect for you.
None of the platforms are user friendly. Customer Service not trained adequaltely for most issues of sites. Other brokerage sites using much easier to use much more user friendly
well, i dont understand why you thing IBKR is "too complicated"… They are plenty of tools available for the retail trader that you cannot find elsewhere : future terms curve, pair trading, option strategies, multi-leg trade with hedging, a good info system on dividends date, infinite number of columns for your lists (including option greeks). Plus basically IBKR is not designed to trade leveraged products such as CFDs, IBKR with a margin, or even better a portfolio margin account, is designed to trade non-leveraged products… using the margin provided by the account. Of course it requires capital to trade "the real stuff" such as CME futures and vanilla options with physical delivery. and… i love the TWS, so powerfull, entirely customisable with shortcuts for lightspeed commands. Not to mention the fact that an API is available to remotely control the API, which other broker can deliver these features in Europe ? none.
Clearly, I had similar issues, not with Interactive Brokers but with other companies. It is just ridiculous how the industry and regulator limited the accessible trading solutions in Europe and Uk. Those who don't have a large sum of capital never get access to the same solution as others this is a huge unfair disadvantage. The best Provider using cutting-edge technologies with equal access to everyone the Robin Hood and WeBull but both can't accept Uk and Eu, clients. It's very hard to get access to a good provider and service if you can't show up with at least million dollar capital.
Hello Jesse, i was wondering if i can use Margin and just take out money from Interactive Brokers for my bank account. The same way Robinhood allows you to do it?
I will say that they appear to have fixed the application timeout issue on the web app. Now it asks you if you wish to continue, rather than just logging you out automatically.
I just opened an account, but it is to buy and hold ETF's for retirement without leverage lile VWRL. So i do not think i will have the problems you say.
I completely agree with you. TWS/IBKR is so slow. It's a nightmare to sell over 1000 shares, even if the volume is 10 million. The way TWS starts up is also terribly slow. I can't understand how Lightspeed can start up in 10 seconds, but TWS takes 1 minute. My plan is to drop IBKR as soon as I can. And their Level 2 and Times and Sales are completely out of sync with how other brokers deliver this data and visuals.
Is there no way to police the scammers out of the comments to your video? Being how censored we can be, I don't understand how these scammers still exist. No one comes to watch a video about why someone left interactive brokers so they can ask others where to give someone their money to get rich.
I recently found out about their free-running rule where You have to wait two business days before you can Sell your positions. Maybe this is an account type thing but If you sell your positions before those two days they will lock those funds from u for 30 days or more. The thing I don't like is that they don't inform you about these things via notifications. I have to contact a representative to find out what was happening. Interactive brokers doesn't seem to be the best for day trading but if you're a long-term investor it might be perfect for you.
None of the platforms are user friendly. Customer Service not trained adequaltely for most issues of sites. Other brokerage sites using much easier to use much more user friendly
IBKR have no customer service they are difficult to contact
Thank you Jessie. You stopped me from opening an account there today.
Terrible video. You cut, cut, cut words.
Your minds are terrible if you need so much to cut.
Take a paper and read:-)
Most of your issues are lack of experience.
Which is the best best option trading app for index trading? Ik UK
Hello sir i am from pakistan and i have jsut 100usd and i want to do swim and day trading which broker is best for me.. and they dont charge interest
hallo mein holländischer freund. bist du denn nun erfolgreich geworden ?
hallo mein holländischer freund. bist du denn nun erfolgreich geworden ?
The problem is clearly not IB, but you.
So if im using tradingview with interactive brokers i have to buy data with tradingview to excute orders fast? Thanks for the video
its dumb that you get the PDT in the UK!
I am from pakistan and i am trying to buy stocks in international market so i wanted to use a broker? Which international broker is good for this?
Bruh, just link tradingview
well, i dont understand why you thing IBKR is "too complicated"… They are plenty of tools available for the retail trader that you cannot find elsewhere : future terms curve, pair trading, option strategies, multi-leg trade with hedging, a good info system on dividends date, infinite number of columns for your lists (including option greeks).
Plus basically IBKR is not designed to trade leveraged products such as CFDs, IBKR with a margin, or even better a portfolio margin account, is designed to trade non-leveraged products… using the margin provided by the account. Of course it requires capital to trade "the real stuff" such as CME futures and vanilla options with physical delivery.
and… i love the TWS, so powerfull, entirely customisable with shortcuts for lightspeed commands. Not to mention the fact that an API is available to remotely control the API, which other broker can deliver these features in Europe ? none.
I’ve also had terrible experience with their customer service. That’s what they are known for.
7:45 its your mistake you the one should be blaming
Glad I checked out your video. I'll resd sll the messages! 😂😂
what do you recommend for investing in Finland
Do they are good at customer service?
Day trading without live data? European Union is not Europe.
wait you dont have pdt rule if you from europe? meaning you can just say trade with 10k instead of 25k thats needed for pdt rule?
very informative video. good job.
So what are you using here in Europe? I can't really find much here….. I need to get into options trading but cant find much other than IBKRs
Hi Jesse
What is the best broker to trade US30 day trading, low coms and fastest orders opening and closing
High fees !!!i trade 1300 $ and charged me 17$ !!!
Please give me your best advise for the best broker and trading platform for day trading. Thank you.
TWS seriously sucks
I left because it was weeks and weeks of issues. Fix one then there is another.
Oh my God, that is insane! Leveraged via CFD’s and wiped out?!! Wow
Clearly, I had similar issues, not with Interactive Brokers but with other companies. It is just ridiculous how the industry and regulator limited the accessible trading solutions in Europe and Uk. Those who don't have a large sum of capital never get access to the same solution as others this is a huge unfair disadvantage. The best Provider using cutting-edge technologies with equal access to everyone the Robin Hood and WeBull but both can't accept Uk and Eu, clients.
It's very hard to get access to a good provider and service if you can't show up with at least million dollar capital.
hey mate, thanks for the video.. which broker u are using now for shorting?
Organise your life dude and manage your emails
A little bit unreliable source.
you talked alot in the video and the sound is not very clear and i lost interest in the video please make it short and to the point.
Hello Jesse, i was wondering if i can use Margin and just take out money from Interactive Brokers for my bank account. The same way Robinhood allows you to do it?
U r stupid
I will say that they appear to have fixed the application timeout issue on the web app. Now it asks you if you wish to continue, rather than just logging you out automatically.
The phone and windows app are way to complicated to use. The web platform is OK. I've never had problems with order speed though.
Is true, but I think the platform now is having a new update let see what they give us. It has and amazing Insurance this days has a lot of value
I just opened an account, but it is to buy and hold ETF's for retirement without leverage lile VWRL. So i do not think i will have the problems you say.
I completely agree with you. TWS/IBKR is so slow. It's a nightmare to sell over 1000 shares, even if the volume is 10 million. The way TWS starts up is also terribly slow. I can't understand how Lightspeed can start up in 10 seconds, but TWS takes 1 minute. My plan is to drop IBKR as soon as I can. And their Level 2 and Times and Sales are completely out of sync with how other brokers deliver this data and visuals.
Investment is far better than money saved. When you invest your money it works for you and help you earn more money.
Only for Professional trader
What broker you use now?
Is there no way to police the scammers out of the comments to your video? Being how censored we can be, I don't understand how these scammers still exist. No one comes to watch a video about why someone left interactive brokers so they can ask others where to give someone their money to get rich.
I left IBKR fir alot of the same reasons…. never again….
big leverage to lose money hahaha
Interactive Brokers Liquidated my entire equity portfolio and kept the proceeds to themselves. Please avoid this broker