What are /r/interactivebrokers' favorite Products & Services?

From 3.5 billion Reddit comments

I did some further digging. You might have some luck with Wise.com

You can hold all major currencies like GBP USD etc, now you need to figure out a way to convert your money into USD somewhere and send it to your WISE.com account. From there you can send it to IBKR for $1

The only way its cash secured is if you have enough cash for the short item. And you had to have margin on RH in order to buy debit spreads. They called it gold and charged you for it.

See finra:

https://www.finra.org/sites/default/files/NoticeDocument/p193921.pdf

See RH:

https://robinhood.com/us/en/support/articles/advanced-options-strategies/

I work with a guy that actually uses Robinhood for this, they go buy dollar amounts rather tha shares, so you end up with fractional shares,:

https://robinhood.com/us/en/support/articles/recurring-investments/

Why are you trading options if you don't know the basics?

At a bare minimum you should read Characteristics and Risks of Standardized Options.

If you want more, try Hull. You can find PDFs online and older editions at relatively low prices.

There's another similar IBKR app called Impact

Literally same UI elements. It's just that this is older and more reliable ig and has few ESG impact info for each stock.

Regarding monitors, instead of a kvm switch you can get standard USB to HDMI adapters that run software to convert the video.

https://www.amazon.com/Cable-Matters-SuperSpeed-Adapter-Windows/dp/B00BPEV1XK?th=1

Ideal though would be a laptop that has a USB-C alt mode such as DisplayPort or thunderbolt. https://www.datapro.net/techinfo/what_is_usb_type_c_usb_c.html

Note that USB-C by itself doesn't mean you can just buy a cheap cable and daisy chain multiple monitors. Not all laptops implement alt mode.

Robinhood Instant is classified as margin account for regulatory reasons. You can't borrow with it like a traditional margin account, but the funds don't have to settlement of 2 days for reuse. And you can do option stuff. IBKR on other hand has a pure cash account, hence needs its margin account for short options.

https://robinhood.com/us/en/support/articles/robinhood-accounts/

According to robinhood at least, what matters is the number of changes in direction from buy to sell. So since you only changed direction once going from buying to selling, it is only 1 day trade.

https://robinhood.com/us/en/support/articles/pattern-day-trading/

Its probably similar for IBKR since the same laws apply.

That's probably not a IBKR mistake but your bank fee. Use wise.com if you want a cheaper transfers. Works great for me.
Revolut works too but couldn't get it working for PLN -> USD

https://www.amazon.com/Automate-This-Algorithms-Markets-World-ebook/dp/B0064W5UAS/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=1637410178&sr=8-1

This book has the robot nasdaq story and is a good read.

>Mosaic of course. The classic layout is even worse.. that one looks from 1970 rather than 1990.
>
>​When was the last time you used TWS?

Today. I use it every day. I ended getting used to it but is a really buggy, slow and old-looking-hard-to-use app.

​

>What do you mean here? That I don't need good charts to invest? lmao
>
>The charts you get with TWS while not as fancy as other platforms are enough to be a successful trader/investor. If you're not succeeding its not because of the quality of the charts TWS has

Let's say that I have kind of taste for good graphs and I like to see the ticks animating. Try to compare the ones you get in TWS with the ones from investing.com or tradingview.com ... this two last ones are like 10 years ahead in respect to how a chart should like and behave.

​

>Not sure what settings you're using or how old your computer is. But I dont get the behavior you're talking about.

A 2-year old quad-core Intel i7 with 32GB of RAM ... so not bad.

Thnak you but I did some search on wise and found out that I'm only allowed to receive USD from inside the US if I'm in Qatar. So I guess sending USD to wise is impossible to me.

https://wise.com/help/articles/2810318/can-i-get-usd-account-details

Hi pal. Open an account with wise.com . They give you USD bank acc too so you fund your IBKR without 20-25$ bank fee. If you don't own USD in your current banks, it's OK. Send whatever currency you have to your wise account and convert it with best mid market rate.

I am not sure if you have access to something like Wise.com or similar in Qatar.

If you can get wise.com you can send your USD IBKR for $1

Is Qatari Rial a currency supported by IBKR?

You can consider first transfere the amount to Transfer Wice and then after to the car dealer. It is how I do it.

If you don't already have a Transfer Wice account you can use my transfer link below. God luck 👍😀

Transfer Wice Link

One workaround I'm using: sending a notification to Slack, triggered by the IB trade confirmation mail:

https://monosnap.com/direct/HRPb3QfCDYDuzqRl8G9iz62kBRyneh

It isn't perfect, it isn't real time. But it is the best I could think of...

I tried what you said, I guess it kind of works. But there has to be a way for the chart to just ignore the bracket order when I zoom in, that would be ideal.

Watch this video i just made: https://screencast-o-matic.com/watch/cY6oFb7rAu

It's preinstalled on some phones.

On other phones it is an optional app: https://play.google.com/store/apps/details?id=com.samsung.knox.securefolder&hl=bg&gl=US

Here on Figure 7 you can see that there is an option for the user to manually enter the code. The user can receive the code via SMS on any phone (with the correct SIM card) and then enter it manually.

https://ibkr.info/article/3283

I know this is an annoying comment, but I recommend reading more about the basics of investing. Pick one of the two following books, and I promise you will not regret having read them:

• A Random Walk Down Wall Street, by Burton Malkiel
• The Intelligent Investor, by Benjamin Graham