Interactive Brokers

[blue0810]

I get this too:
404 Page Not Found!

With Firefox browser works fine.

 

[Sir Burr]

With Firefox browser works fine.

Was using Firefox so I must have some addin blocking it.

Just tried Internet Explorer and works fine too.

Thanks.

 

[Rc366]

Confirmed with help line, this portal login is not working atm, "please try again in a few business days"

 

[Moravid]

There seems to be a new page about margin trading on IB website, still mentions the usual no "margin lending to natural persons who are residents of Australia."
However a few days after updating my financial information and trading permissions, I'm now able to choose between trading and investment account...I take it trading = margin?

https://www.interactivebrokers.com/...0|1|0|0|0|0|1|0|0|0|1|0|0|0|1|0|0|0|1|1|0|0|0

 

[Indoril]

Thought I'd check mine. Apparently I just need to be approved for options trading...


Funny thing is I am approved for options trading already.

 

[Moravid]

Mine says the same thing now....I think it was just a bug

 

[blue0810]

Funny thing is I am approved for options .

Perhaps now that we have CFD ... who want to trade options
As margin loan is not available CFD is an alternative.

I notice that for CFD the P&L on the activity statement doesn't include brokerage fee
as shares and futures.

 

[mikeroxoz]

Hi all. Not sure if this happened to any other users of IB?

Since I was transitioned to the Australia IB system a few months ago I have had a repeated issue with my bracket orders. In the 10 preceding years I had no issue. Since the transition every time my SELL STOP has been triggered due to price falling, my order was "system cancelled" as their system considered the order to be a SHORT SELL and no stock was available. I had the stock.

Anyhoo I suffered exacerbated losses in two cases, that IB have agreed to compensate without prejudice. Mind you their initial help desk response was less than...ahem helpful

 

[Moravid]

My request to upgrade to a trading account has been approved, few changes I can quickly note
1. I can now write uncovered calls though the margin requirements vary based on expiration date and other factors
2. I finally have access to intraday margins for futures contracts

 

[Indoril]

@Moravid so what's so special about your account then? I wonder why I can't upgrade mine.

 

[Moravid]

Are you sure you're not already upgraded? because the screenshot you posted looks exactly how mine looks like, it took several days for my request to be granted

 

[Indoril]

I'm pretty sure. Account type says "trading account" and that drop down box in the screen shot I posted before does not allow me to choose anything.

 

[JAC123]

A lot of people recommend IB here, talking about the cheap commissions. I don't quite understand this. I pay $30 AUD for each trade plus lose out on FX trading US stocks each time I buy and sell. It seems there is a group, dare I say 'spruiking' IB for their low commissions and then another group stating that they are being killed on the commission costs by using IB in Australia (which is me). Is this the difference here? The people that are pro-IB for the low commission costs, are you using a US-based account? Would be good to make this clear. Thanks.

 

[tech/a]

Your paying $60 round trip with IB Aust?

My account was originally in the US but now AUS and Im paying $12 round trip.

 

[Sir Burr]

I pay $30 AUD for each

...trade size of $37500.
Yep spot on.

Did you want us to mention Selfwealth?

 

[tech/a]

...trade size of $37500.
Yep spot on.

Did you want us to mention Selfwealth?

Nice pick

 

[Wysiwyg]

...trade size of $37500.
Yep spot on.

Did you want us to mention Selfwealth?

Yes, good value for frequent stock traders.

SelfWealth TRADING, Australia's flat fee brokerage service. Just $9.50 per trade, no commissions – regardless of trade size.

 

[Sir Burr]

good value

Yes, and chess sponsored (compared to IB).

Great!

Downside is I understand you need to have a brokerage balance paid upfront (no biggie) and also is a new company with little profit (again "so what" if chess sponsored) but for me they will not accept non-residents, otherwise I'd be keen.

 

[freebird54]

If you are with Equity Story and some other outfits you should get $5 brokerage with open markets and $1 with fp markets CFD's

Incidentally again I have the periodic weekend problem of my IB logins being rejected to all my accounts - anyone else today?

 

[bellenuit]

Does anyone participate in Interactive Brokers LLC Fully-Paid Securities Lending Program, also know as the Stock Yield Enhancement Program. It's where you allow your fully paid shares to be lent out by IB and in return they will provide you with the (almost) equivalent cash collateral (102% adjusted daily)) upon which you can earn interest. You still own the shares and can sell at any time. I have just read through the terms of this program and it seems ideal for investors who have a large holding in shares (I assume US shares) that would otherwise sit there doing nothing.

I am curious if anyone else has participated and whether they think it worth the effort.

Read more about it here (scroll down)

https://www.interactivebrokers.com/en/index.php?f=14527