Could you please use the TWS for trading until our developers check the problem?"
"When you have these issues in the Client Portal, the trade button is active? The symbol lookup is visible?
And so on… I told them several times that I’m engineer and I have a huge background in IT, networks, etc. Just to avoid those kind of questions/answers but I’m sure that either is a bot answering or they send just canned responses.
Probably, I’m just guessing… Since they started the IB-LITE more and more people are using simultaneously the Client Portal because they cannot use the TWS and they where not ready for the increasing connections/clients.
I use Interactive Brokers as an online broker.
I would like to buy Japanese stocks but unfortunately I can’t manage to exchange my base currency which is CHF into JYP.
Indeed, I had no problem to buy American shares in USD using the procedure below (MP):
convert CHF into USD
use the converted USD to buy shares in USD
Can you explain to me why I can’t convert CHF to JYP?
Indeed, when I enter JYP in the IB search, I don’t have IDEALPRO - Forex displayed (for USD conversion I use DEALPRO - Forex), I only have as option Japanese yen - IDEALPRO: futures or Optioo on futures.
Yesterday and today I tried to buy some VT shares (USD available). However, IB doesn‘t execute my order. Other shares and etfs I bought without issues.
IB doesn‘t show me all the (delayed) market data for VT. I assume it‘s a temporary problem with VT?!
What do you think about this idea: I want to use IB, but I think I only want to invest around 50000 USD at the moment.
In order to ‘avoid’ the management fees for investment amounts below 100,000 USD, you could now invest an additional 50000 USD in ETFs that are low-risk or have very low volatility.
Are you asking about the platform (“avoiding mgmt fees” for <100k) or which specific ETFs to choose with low-risk/volatility?
The two seem uncorrelated to me.
Also, is “at the moment” == year 2020 or next 15 years?
Because IB makes very much fee-sense below 100k too in most cases; and you might want to think longer-term about the platform choice too.
Edit: Upon second read I think I get it - you would somehow “find” another 50k to invest with the first 50k, but want it to be something less “risky”?
I guess some bond ETFs could fall into that, but their yields are probably crap.
Or you can just keep 50k cash.
Great forum and blog, thanks MP and all of you for all the valuable information!
Since I’m spending a lot with my postfinance trading account, I really wanted to move with Interactive Brokers.
I filled every details of the registration in an honest way and my application was approved.
But then I got a request to fill an additional Form 407 stated below.
Since I’m working for a Bank I’ve to ask to my compliance department an approval letter to open my account!
Personally I think this is a bad requirement, I don’t want to mess with my employer.
In our internal regulation we are allowed to do trading with some limits (when trading company stocks, on some structured products,…).
Anyone else with experience as a worker of banks/financial institutions?
## Why am I required to disclose my employment with a financial institution? Rule 407 of the New York Stock Exchange prohibits a member organization (i.e., IB) from opening a securities or commodities account or executing any transaction for an account in which an exchange member, employee associated with another exchange member or member organization or an exchange employee is directly or indirectly interested without prior written consent of the employer. The rule also requires IB to promptly submit to the account holder’s employer duplicate account statements and confirmations.
Applicants who designate employment or affiliation with another broker are required to submit a Rule 407 letter containing the email address of their organization in order to provide notification and consent to the employer and for the purpose of transmitting statements and confirmations. If the employment is with a financial institution and no such Rule 407 letter is submitted, IB’s Compliance Department will typically contact the applicant in order to confirm that Rule 407 does not apply. source
The big ones tend to force you to trade with them with some kind of employee discount on the fees. Others will require that you sign a declaration promising not to manipulate the market or use insider information and produce the statements of your brokerage accounts upon request. Finally, some will require you to explicitly declare which trading accounts your own and where and the specific details.
This applies not only to the accounts you own but also the accounts you have a power of attorney on.
Are there any problems using the app currency converter since those are market orders instead of limit orders, e.g. would it be possible that one pays significantly too much for a currency trade using the in-app market based converter?
Hello everyone, Order Typ
similar to Merlins question, what Order Typ do you use for buying VT via IB while you are away from the computer? Any experience with the MidPrice Aglo Order?
I currently use the the Limit function - which means sometimes my oder does not go through.
Automatisation
Also, I wonder if there is a possibility to auto-invest, eg. automatically transferring CHF to IB every two weeks, automatically translating that to USD and buying VT using the market price. However not sure if that is too risky.
Pricing structure:
Furthermore i have a fixed pricing plan for stocks,ETFs - I have been told that is best for only buying VT and converting CHF to USD.
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