Community Discussions
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Anyone use Interactive Brokers with live snapshot feature?
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I know that Interactive Brokers have waived the 10$ monthly inactivity fee.
However, there is a fee for monthly live data subscription to get live quotes for NYSE/TSX exchanges.
There is another feature though. Live snapshot feature where someone can access live quote at that instance to put on trade. Did anyone use this snapshot feature without live subscription data,and if so how are the charges being made to the account ?
Top Comment: Snapshots are charged 1-3cents each time. Up to $1 worth of snapshots are free each month. I have recently started using IBKR without any paid subscriptions as a buy and hold investor. If you're looking to trade frequently, you may need access to live prices.
Quality of Interactive Brokers' Historical & Live Data
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I know the API is clunky and difficult to work with, but is the data itself good for building a strategy and backtesting? I've heard the tick data is not accurate but is it accurate for both live and historical OHLCV data on 5 minute intervals? If not, what are some good but cheap (I'm a student haha) historical and real-time data providers commonly used for algotrading?
Thanks!
Top Comment: I made a post comparing drawdown between IBKR and CRSP data a while ago. https://www.reddit.com/r/algotrading/comments/mcjz8n/why_are_crsp_and_tws_api_historical_daily_data/?utm_medium=android_app&utm_source=share I did not get an answer as to why there are discrepancies.
If I live in a broker needed state can I buy a vehicle from a state that doesn’t need a broker or license required without using a broker?
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Has anyone on here ever used Copart?
I have a question I live in New Jersey and in nj you have to use a broker....I’m looking at a vehicle in Pennsylvania and Pa you don’t need a broker or dealer license....I’m just asking if I can purchase the vehicle without paying a broker ...thanks in advance
Top Comment: Yes
Live data with TradingView or Interactive Brokers?
Main Post:
Hello,
I started trading futures with TradingView and Interactive Brokers. I have a live data subscription with TV. When I want to place an order, I get the following notification from IB:
You are trying to submit an order without having market data for this instrument. IB strongly recommends against this kind of blind trading which may result in erroneous or unexpected trades. Are you sure you want to submit this order?"
But I have live data from TV. So does it in this case really matter? Is it better to use the live market data from TV or from IB? Is there any difference?
Thank you and best regards
Top Comment:
Live data with TradingView or Interactive Brokers?
I started trading futures with TradingView and Interactive Brokers. I have a live data subscription with TV. When I want to place an order, I get a notification from IB that I don't have any live market data subscription and they would not recommend to place an order without live data. But I have live data from TV. So does it in this case really matter? Is it better to use the live market data from TV or from IB? Is there any difference?
It would make sense to take out the market data subscriptions with IBKR. Then you can make them available in TradingView, so you don't have to pay twice. See https://www.tradingview.com/support/solutions/43000669300-i-have-a-subscription-to-market-data-from-interactive-brokers-can-i-use-this-data-on-the-tradingview/
The reverse way is not supported, so you will get this message.
The disadvantage of sharing market data is
a) not available for all trading venues offered by IBKR.
b) that you have to renew the status every seven days.
Which broker would u recommend opening a live account if ...
Main Post: Which broker would u recommend opening a live account if ...
Where are the good US Forex Brokers?
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I’ve been learning to trade forex for the past 6 months and i’m ready to open a live trading account. Unfortunately I’m a United States Citizen and with the new regulated broker laws i’m having trouble finding a decent broker. My original plan was to use AAAFx but it’s not regulated. So now it’s back to step one trying to find a decent broker. I don’t care about using MT4 or MT5 as long as I can execute a trade. Do any of my fellow US traders have a suggestion for what broker to use?
Top Comment: Without knowing your trading style, I can't exactly recommend you one specific broker that can match your needs. What I can say is that depending on how much emphasis you put on spreads, fast order execution, VPS service, and stuff like that, it's best to go for companies with well-established international names. I agree that broker regulation in the US can be quite tricky, especially with the SEC's stringent measures. But do not let that be the reason why you shouldn't try a broker. Because the majority of these platforms are well-regulated back in their home country which speaks of their overall credibility. Here are a few brokers that came highly recommended and that I've had good experiences with: Pepperstone: This one’s fantastic if you’re into scalping strategies. They have spreads starting from 0 pips, which is perfect for making those quick trades without losing out on high spreads. Trade Nation: It’s regulated by ASIC and FCA, offers low fixed spreads, and has no minimum deposit, which is great if you don’t want to commit too much capital upfront. eToro: This platform is awesome if you’re interested in copy trading. They have the biggest copy trading community in the world with over 3,000 verified investors. OANDA: I love OANDA for their advanced technical analysis tools. They support TradingView charts, which are incredibly powerful for in-depth analysis. It’s perfect if you like to dive deep into your trades. IG Markets: They offer favorable trading conditions with 0 fees and an average EUR/USD spread of 0.8. It’s a solid choice if you’re looking for a broker with low costs and good service. You can check out Forex-focused websites like Babypips, CompareForexBrokers, and Traders Union to check a broker's regulation. They have all the information about these things at no charge.
IG is a scam, they lie about prices/ direction
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I’m putting this here in case anyone finds it from Google:
Ig is a scam
I was trading the dax, very successfully, and 3 times in 3 days IG decided their dax price would all of a sudden go the opposite direction to the actual market!!!!
I was still in profit but had to quickly exit before they turned into negative positions, despite the dax continuing to move in my favour
I made a complaint and they emailed saying “our price is adjusted for fair value” lmao
It’s adjusted when their losing money.
The spreads on stocks are insane so between the spreads and the fact they make up the price as they go along, means you can’t win long term.
Top Comment: Bro wut IG is literally the most trusted broker, I think is just you. Maybe you inverted the charts?
Has anyone had success with Ross Cameron’s (Warrior Trading) strategy?
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I’ve been following Ross for a while and haven’t had much success with strategy. I credit this to me being a new trader and letting other issues like FOMO and emotions get in the way but I just wanted to confirm if this strategy is legit. Has anyone had any consistent luck with the strategy?
Top Comment: I ended up just learning how to scalp normally during regular market hours and am sticking to it currently. His strategy seems possible but just extremely risky for noobs, given it is a valid strategy when you don’t have much capital to start with since that would be the fastest way to grow your account: catch big moves. Also I live in the west coast and most breaking news and squeezes are during pre market which means I literally have to be up at 4am and is not feasible.