Interactive Brokers (IBKR)

[limster]

as long as you don't infringe this you can

https://ibkr.info/article/3101

yup i was editing my comment when you replied

The problem is that you can only do it ONCE with a different counter because it says: "under the condition that the second security is held until settlement of the initial sale."

That means you cannot buy and sell multiple times in a day with cash account, so that sort of rules out day trading with cash account.

I encountered the problem when I was trading Lloyds during Brexit. My solution was to transfer my warchest to IBKR to give me a cash buffer...

 

[reddevil0728]

yup i was editing my comment when you replied

The problem is that you can only do it ONCE with a different counter because it says: "under the condition that the second security is held until settlement of the initial sale."

That means you cannot buy and sell multiple times in a day with cash account, so that sort of rules out day trading with cash account.

I encountered the problem when I was trading Lloyds during Brexit. My solution was to transfer my warchest to IBKR to give me a cash buffer...

ya, well cannot have the cake and eat it.

 

[hysteriakx]

anyone experienced account locked because of "pattern day trader" ? i was trading some iron condors and spreads with 0 DTE and they locked my account because i didnt have balance 25k usd. wtf? any ways to appeal or rescind?

 

[reddevil0728]

anyone experienced account locked because of "pattern day trader" ? i was trading some iron condors and spreads with 0 DTE and they locked my account because i didnt have balance 25k usd. wtf? any ways to appeal or rescind?

https://ibkr.info/tag/pattern-day-trader-pdt

Well documented so can only try to contact them and ask to give chance

 

[dchia78]

anyone experienced account locked because of "pattern day trader" ? i was trading some iron condors and spreads with 0 DTE and they locked my account because i didnt have balance 25k usd. wtf? any ways to appeal or rescind?

I kena this also, on friday, when almost all my stock value fell. It went below usd 25k. Waited about 2-3 hours for it to money to be transferred to restart trading.

 

[livingcharsiew]

Is tws web faster than the desktop version?
I cannot try the web version on the demo version.
Can I customize layout on the web version?

 

[reddevil0728]

Is tws web faster than the desktop version?
I cannot try the web version on the demo version.
Can I customize layout on the web version?

faster in terms of interface or?

 

[livingcharsiew]

faster in terms of interface or?

responsiveness
especially the option chain loading
like i want o click and have it load faster
not have these microlags and waiting for the screen to update

 

[uniqlo]

Once convert from cash to margin, cannot convert back to cash is it? Cash account type no longer displayed

Reason I converted to margin is so I can use the unsettled funds, but need to carefully keep track so as not to have GFV... any way to convert back to cash account?

I prefer cash account as previously only settled funds added to the buying power

Now the margin account buying power how to tell between ikbr “loan” or unsettled funds sale?

 

[reddevil0728]

Once convert from cash to margin, cannot convert back to cash is it? Cash account type no longer displayed

Reason I converted to margin is so I can use the unsettled funds, but need to carefully keep track so as not to have GFV... any way to convert back to cash account?

I prefer cash account as previously only settled funds added to the buying power

Now the margin account buying power how to tell between ikbr “loan” or unsettled funds sale?

Send them a support ticket to downgrade

 

[Poseidon6873]

Noob question. How to trade pre-market using IBKR? I am told that there is an option under Time-in-force for outside RTH (regular trading hours), but i can't find it using IBKR mobile. Thanks.

 

[reddevil0728]

Noob question. How to trade pre-market using IBKR? I am told that there is an option under Time-in-force for outside RTH (regular trading hours), but i can't find it using IBKR mobile. Thanks.

Did you unhide

 

[culepico]

Noob question. How to trade pre-market using IBKR? I am told that there is an option under Time-in-force for outside RTH (regular trading hours), but i can't find it using IBKR mobile. Thanks.

It is probably hidden. In the buy menu select "show more options" at the bottom and the selection for Time-in-force will appear.

 

[icoolboy123]

Anyone knows what number I can call from Singapore to contact IBKR customer support without incurring phone charges?

 

[reddevil0728]

Anyone knows what number I can call from Singapore to contact IBKR customer support without incurring phone charges?

don't think you can.

 

[Time-to-retire]

don't think you can.

Join the IB telegram group. The info is there. Apparently use Skye and it's free. Hope this helps.

 

[Time-to-retire]

Anyone knows what number I can call from Singapore to contact IBKR customer support without incurring phone charges?

The toll free number for IB customer support in US: 1(877)442-2757. Cannot use land- or mobile line. Only free if using IP-supported Skye.
Sorry, never tried before. Simply passing the info from the IB Telegram group. Hope it works.
Regards

 

[whitemonk]

Anyone using this platform to trade? Can share if this is user friendly and comm is fair enough?

Very low commission. But the interface is not very user friendly... but one can get used to it over time.

 

[mangomilkshake]

From less than 1 hour to 1 working day if you transferred during a PH.

30 minutes for funds to appear in account on a business day.
FAST transfer.

 

[revhappy]

Anyone knows what number I can call from Singapore to contact IBKR customer support without incurring phone charges?

You can chat with them. I believe they do have a SG toll free number, although they have not published on their website.