you can move the entire account, with securities included when you transfer. Only problem, is during the transfer, you can't access your holdings so can't take advantage of buying/selling shares or options. The holdings, as far as i can tell, are essentially frozen until the move is complete.
you can move the entire account, with securities included when you transfer. Only problem, is during the transfer, you can't access your holdings so can't take advantage of buying/selling shares or options. The holdings, as far as i can tell, are essentially frozen until the move is complete.
Jonathan Hewitt
Active Member
Thanks! I may want to do that at some point. I use USAA for my non retirement accounts and Fidelity for retirement. For USAA my commissions are ok since they have a lower rate for higher volume trading...but I'm pretty limited in what I can do as far as trading platform. Plus they won't give me L3 or L4 trading privileges. Not that anyone else will either necessarily, but a maybe is better than a no! haha. Too bad TSLA is so volatile that I don't foresee a 3-5 business day window that I would feel comfortable doing it in anytime soon...
Acmykguy
Member
I pay zero commissions however I am part of schwabs ABP program. (Asset based pricing). They charge a monthly fee based on your assets. So for I stance if my port is worth 25,000 I would pay roughly 28$ for that month. Unlimited trades options or equity.
Interesting. When you have more asset, does the fee increase or decrease? Both argument could be valid.
mershaw2001
I'm short the short sellers
Mario Kadastik
Active Member
Wouldn't mind that
Right now I've spent between 200-800 usd / month on fees. Plus a 30 usd fee for market access (i.e. live data). However the fun part is that after yesterdays feedback from all you guys here I wrote to my brokerage a disgruntled e-mail with the fees and highlighted to them what others are getting from IB and they said they have a discounted tariff for active traders that is half of the usual (i.e. still $2 / contract) and that they've activated it for me upon my request now. Well at least it'll immediately cut my costs by half and I'll have to check about the direct IB account because there are tax laws that might prevent me from using them. Right now any investment and reinvestment is tax free until I take out money from the trading account more than I've put in. Therefore allowing me to reinvest the profit and delay income tax until some time in the far future. That however holds I think only for accounts based in Estonian banks. So if I were to open an IB account straight up I would lose that benefit :/I use TD Ameritrade!
Their tools are unbelievable, though some say they are a little bit on the pricey side..Trade Architect might be a little gimmicky but its easy to use, and Think or Swim is fantastic albeit complex for most.
Their APEX pricing program = good value, free Wire transfers (in/out) $0 stop payments, checks, debit card, free atms.
Also if you trade freq. I may be able to help with the commission rates as I work for TD Bank (banking arm)
I currently pay $.015 per share, min $5 a share. so you essentially pay $5 for every 300 shares you buy. and $1.5 per option contract flat
So depending on the market caps you guys trade in, this may be better. But for Tesla! I find that this pricing method works great
Their tools are unbelievable, though some say they are a little bit on the pricey side..Trade Architect might be a little gimmicky but its easy to use, and Think or Swim is fantastic albeit complex for most.
Their APEX pricing program = good value, free Wire transfers (in/out) $0 stop payments, checks, debit card, free atms.
Also if you trade freq. I may be able to help with the commission rates as I work for TD Bank (banking arm)
I currently pay $.015 per share, min $5 a share. so you essentially pay $5 for every 300 shares you buy. and $1.5 per option contract flat
So depending on the market caps you guys trade in, this may be better. But for Tesla! I find that this pricing method works great
i've tried to buy shares on a margin account in IB and the news is that IB won't allow to buy TSLA on margin anymore.
you can only buy with money you have, that's a blow
you can only buy with money you have, that's a blow
I have no problem trading TSLA on margin with my fidelity account. Neither did they change margin requirements on me.
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You can't buy TSLA common shares on margin at IB? That's odd.
Schwab still lets you. Due to the notorious volatility of TSLA, they have a margin requirement of 50% equity on the stock. With others like AAPL they are much more lenient.
Schwab still lets you. Due to the notorious volatility of TSLA, they have a margin requirement of 50% equity on the stock. With others like AAPL they are much more lenient.
fidelity is not IB or vise versa
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i just spoke to one of their representative now and he said it's a management decision cause they see tesla as a risky share or something...
Gtoffo
Member
Wow...haven't had many problems with IB so far....but they do see extremely volatile in their margin policies. Not good at all.
They might have noticed that most of their clients were extremely long on Tesla and got worried about a possible pullback........still extremely weird....no problems with TSLA options so far though.
Maybe I get more responses here:
Does anybody here uses OptionVue or does have an opinion on that?
I'm looking for a good Options front end for Interactive brokers, since Think or Swim is ridiculously expensive.
Does anybody here uses OptionVue or does have an opinion on that?
I'm looking for a good Options front end for Interactive brokers, since Think or Swim is ridiculously expensive.
Robert.Boston
Model S VIN P01536
Moderator's note: a post moved here: Brokerages Trading Tools
When posting anew (i.e., not a reply), please try to find the most on-topic thread for your post. You might even find that your question/idea has already been discussed!
When posting anew (i.e., not a reply), please try to find the most on-topic thread for your post. You might even find that your question/idea has already been discussed!
Has anyone here worked with the IB API? I have a question with their Market data subscription, specifically subscribing to their MktDepth() view. It seems to me like their API is broken, and I sent the API team an email but haven't heard back yet.
I have been with Fidelity for 30 years & I am tired of their Active Trader Pro platform not working properly on Macs, if you are on a Mac you can't use Active Trader Pro instead you are forced to use Active Trader Pro.com that requires Microsoft Silverlight plug in :cursing:. Ever since Mavericks was released Active Trader Pro.com doesn't work with Safari so I have to run it on Google chrome.
So I am looking for a good brokerage that offers a good trading platform for Macs, any suggestions?
update
Got Active Trader Pro.com working after allowing Silverlight to run is safe mode in security preferences, not the preferred solution but up & running for now.
So I am looking for a good brokerage that offers a good trading platform for Macs, any suggestions?
update
Got Active Trader Pro.com working after allowing Silverlight to run is safe mode in security preferences, not the preferred solution but up & running for now.
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Mario Kadastik
Active Member
Interactive Brokers has a Java one that is the same across all platforms and works quite well on a Mac.
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