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 Interactive Brokers (IBKR), IBKR users, welcome!

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nbafans99
post Dec 15 2019, 08:56 PM

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QUOTE(Yggdrasil @ Dec 15 2019, 07:36 PM)
How much did you put in btw? I think if you do not put in enough, your account will not be activated. Not mistaken you need $500 or something. Have you tried buying any stock?
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5k MYR so...approx 1k+ USD...
Nope, because the application status still = pending
user posted image

This post has been edited by nbafans99: Dec 15 2019, 09:06 PM
TSmoosset
post Dec 16 2019, 11:37 AM

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Did you guys notice this?

Under the financial instrument in TWS, I bought SXR8.
but if I go via the portal and under report > trades, it says CXPS as trade symbol.

Why they use two different symbols for the same product? Very confusing!
dwRK
post Dec 16 2019, 12:23 PM

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QUOTE(moosset @ Dec 16 2019, 11:37 AM)
Did you guys notice this?

Under the financial instrument in TWS, I bought SXR8.
but if I go via the portal and under report > trades, it says CXPS as trade symbol. 

Why they use two different symbols for the same product? Very confusing!
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my guess is smart routed your order to a different exchange and bought it under that cspx ticker

same product can have different ticker at different exchange...you go to blackrock site and it shows all the tickers
dwRK
post Dec 16 2019, 12:38 PM

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QUOTE(nbafans99 @ Dec 15 2019, 07:29 PM)
Just dropped an email to them..Hopefully no problem  blink.gif
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all the best

I got email saying account approved...only then I fund it
TSmoosset
post Dec 16 2019, 01:25 PM

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QUOTE(dwRK @ Dec 16 2019, 12:38 PM)
all the best

I got email saying account approved...only then I fund it
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I was about to say this. That's what I remember too.
8kelvin
post Dec 16 2019, 01:38 PM

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QUOTE(Ramjade @ Oct 1 2019, 10:39 PM)
Just go with Whitelabels. Lite is only limited to US markets. You think I can hit USD10/month commision? No. That's why I opted to go with Whitelabels. Allow me the peace of mind of buying whenever I want and not forced buying.

Another thread on whitelabels
https://forum.lowyat.net/topic/4744515
The first thread is the original one with more info.
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Hi Ramjade,

I am an IB pro account holder for 2 years now, every month, they charge me for $20 plus (for inactive fee + real time data).
And I only trade US stocks and ETF.

Do you think I could switch my account to lite, to save this monthly charges?

What are the different between IB pro and lite if I only trade US stocks and ETF?

TSmoosset
post Dec 16 2019, 02:00 PM

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QUOTE(8kelvin @ Dec 16 2019, 01:38 PM)
Hi Ramjade,

I am an IB pro account holder for 2 years now, every month, they charge me for $20 plus (for inactive fee + real time data).
And I only trade US stocks and ETF.

Do you think I could switch my account to lite, to save this monthly charges?

What are the different between IB pro and lite if I only trade US stocks and ETF?
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He's using whitelabels to skip the charges.
Do you know "whitelabels"?

No, most of us are not subscribed to real time data.

Lite is only available to US & India residents.
esthercpl
post Dec 17 2019, 09:06 AM

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hi all sifu sifu, my IBKR account just approved. May i know how can i check whether is white label or not? because when i open account, there's no product for me to choose.
dwRK
post Dec 17 2019, 10:20 AM

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QUOTE(esthercpl @ Dec 17 2019, 09:06 AM)
hi all sifu sifu, my IBKR account just approved. May i know how can i check whether is white label or not? because when i open account, there's no product for me to choose.
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which website you sign up for it?
esthercpl
post Dec 17 2019, 03:45 PM

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QUOTE(dwRK @ Dec 17 2019, 10:20 AM)
which website you sign up for it?
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https://www.interactivebrokers.com/en/home.php

from here
dwRK
post Dec 17 2019, 04:45 PM

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QUOTE(esthercpl @ Dec 17 2019, 03:45 PM)
that will be ibkr llc... the hq/U.S. company...your will be on ibkr pro account

white label introducing brokers are tradestation-global, a UK company or Captrader, a German company.
Ramjade
post Dec 17 2019, 11:24 PM

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QUOTE(esthercpl @ Dec 17 2019, 09:06 AM)
hi all sifu sifu, my IBKR account just approved. May i know how can i check whether is white label or not? because when i open account, there's no product for me to choose.
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Not sifu.
Depends on which website you sign up for in the first place.
It can be found under statements.
Yggdrasil
post Dec 18 2019, 08:08 PM

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QUOTE(esthercpl @ Dec 17 2019, 03:45 PM)
Should be fine. Once your IBKR account is opened, follow TradeStation Global's instructions on their website to move your account. If you applied via TradeStation Global account, you don't have to do anything.
TSmoosset
post Dec 19 2019, 10:21 PM

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In the TWS, how do I see the % of unrealised profit?
I can see the actual unrealised profit but I want to see a percentage. Where do I find it?
TSmoosset
post Dec 24 2019, 09:30 AM

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By the way, what is that Adaptive algo?

everytime I submit the order, it says it'll adopt a difference min fees.
dwRK
post Dec 24 2019, 10:48 AM

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QUOTE(moosset @ Dec 19 2019, 10:21 PM)
In the TWS, how do I see the % of unrealised profit?
I can see the actual unrealised profit but I want to see a percentage. Where do I find it?
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edit the columns...add p&l% to it

QUOTE(moosset @ Dec 24 2019, 09:30 AM)
By the way, what is that Adaptive algo?

everytime I submit the order, it says it'll adopt a difference min fees.
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it's explained by ibkr...
TSmoosset
post Dec 25 2019, 02:04 PM

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QUOTE(dwRK @ Dec 24 2019, 10:48 AM)
edit the columns...add p&l% to it
it's explained by ibkr...
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thanks!!

I kinda understand the algorithm, but I'm not sure about the fees. TradeStation Global also didn't mention anything about this algorithm fees.

edit: typo

This post has been edited by moosset: Dec 25 2019, 06:31 PM
Ramjade
post Dec 25 2019, 06:28 PM

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QUOTE(moosset @ Dec 25 2019, 02:04 PM)
thanks!!

I kinda understand the algorithm, but I'm sure about the fees. TradeStation Global also didn't mention anything about this algorithm fees.
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Just use one platform or less you are going to get confused.
dwRK
post Dec 26 2019, 01:34 PM

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QUOTE(moosset @ Dec 25 2019, 02:04 PM)
thanks!!

I kinda understand the algorithm, but I'm not sure about the fees. TradeStation Global also didn't mention anything about this algorithm fees.

edit: typo
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if you have big orders it may try to chop it up and execute at different exchanges...this will attract different fees

example when I select Amsterdam exchange I get a fixed fee, when I select Smart/Algo I get a range of fees...the upper limit can be 3x as much as the fixed fee

TSmoosset
post Dec 26 2019, 02:11 PM

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QUOTE(dwRK @ Dec 26 2019, 01:34 PM)
if you have big orders it may try to chop it up and execute at different exchanges...this will attract different fees

example when I select Amsterdam exchange I get a fixed fee, when I select Smart/Algo I get a range of fees...the upper limit can be 3x as much as the fixed fee
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what? f.... I've been using smart algo all the time.

This only applies to the exchange fees? It's still considered as one order?
For example, 100 unit at Xetra. They sliced it into 50 unit at Xetra, 50 at LSE. Then how?
Min €1.75 per order for Xetra; min £1.50 per order for LSE. So I'll be paying for both fees plus their respective exchange fees?

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