Paul aka Aurbano 75 Posted September 4, 2020 Hi ! I live in Cádiz (south Spain) and I use TWS from IBKR .... It is a "good enough" platform that matches my trading style plus it is much cheaper than DAS and we are here to earn some money, right ? Share this post Link to post Share on other sites
Radek 7 Posted November 15, 2020 Same here. I use IB as broker and their TWS platform for trading. It suites me very well and I prefer it over DAS to be frank. But this is is just a matter of preference. Share this post Link to post Share on other sites
Matthias 1 Posted April 28, 2021 I am from Iceland and I recently opened up an account with IB but have yet to fund it. I noticed that because I am from Europe, my margin will be "risk-based". It will be calculated based on the diversification of my portfolio. Since I only plan on depositing $5,000 to start with, I really need to get at least 1:3 margin to be able to day trade properly. Is there anyone here with IB and has this "risk-based" margin model? Are you getting any margin with your day trading account? All the best, Matthias Share this post Link to post Share on other sites
peterB 302 Posted April 28, 2021 hi Mathias, i have just opened an IB EU acount with 5k on it and the margin is indeed risk-based and every time different. some times i am able to buy stock for 20k sometimes it does not allow me to do so. its annoying but not much can be done. with CMEG broker you get 1:6 and you can use it fully without any limits but their commission pricing is high now. The margin with IB EU is 1:6.66 actually anyway if you start with small risk then you will be most probably fine. 3 Share this post Link to post Share on other sites
Matthias 1 Posted April 28, 2021 Thank you Peter! Will go ahead and fund the account then. 1 Share this post Link to post Share on other sites
Matthias 1 Posted August 26, 2021 Hi again PeterB and others! I haven't looked into the commission structure because of being in SIM only recently. But I am getting closer to going LIVE and looked properly into the commissions. Are the commissions really 0.05% of total trade value? For example if someone buys 50 shares of AAPL at $150 per share. IBKR (UK) - 50*$150=$7500 -- Which 0.05% off is $3.75 IBKR (US) - 50 shares * $0.0035=$0.175 -- So it doesn't even get up to the minimum, which is $0.35 per order. Are we paying $3.75 for this order, while people in the US are paying $0.35 for it? Or am I completely misunderstanding the commission structure? Share this post Link to post Share on other sites
peterB 302 Posted August 26, 2021 why are you comparing fixed to tiered? just chose tiered in UK and you will have the same prices Share this post Link to post Share on other sites
Matthias 1 Posted August 26, 2021 This is what I found. This is tiered for Europe it looks like. Share this post Link to post Share on other sites
peterB 302 Posted August 26, 2021 that applies to european stock exchanges not to european citizens Share this post Link to post Share on other sites
Matthias 1 Posted August 26, 2021 I am so happy to hear you say that Peter. Thanks. Share this post Link to post Share on other sites
Rob247 0 Posted April 25 Hi all, I'm a Canadian citizen living in Germany and new to day trading. I've read the posts, but any recent recommendations for brokers? I don't quite understand the IB PDT problem people are mentioning? Thanks for the help! Share this post Link to post Share on other sites
peterB 302 Posted April 25 PDT does not apply to canadians nor europeans you may open IB EU account if you have residence in EU or open canadian account if you pay taxes there Share this post Link to post Share on other sites
Rob247 0 Posted April 25 (edited) Are non-U.S. residents subject to the Pattern Day Trading Rule? Trade Issues/ Pattern Day Trader Non-U.S. residents whose accounts are carried by IBKR Australia, IB Canada, IB Central Europe, IB Hong Kong, IB India, IB Ireland, IB Japan, IBKR Luxembourg and IBKR Singapore are not subject to the Pattern Day Trading Rule. Non-U.S. residents whose accounts are carried by IB LLC or IB UK are subject to the rule. ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Okay, I just found this digging in the FAQ from IB and that's why I'm confused. Would you mind explaining the diff between IB and CMEG? Thanks for the reply! Edited April 25 by Rob247 Oh man, I read "ARE SUBJECT" opps. Share this post Link to post Share on other sites
peterB 302 Posted April 25 cmeg is in trinidad and tobago so a non standard jurisdiction (belonging under portugal i think though) cmeg substract your platform fees from your account so eventually you will need to refill sooner or later your account while IB does only substract commmissions cmeg has lower availability for shorts cmeg has higher commission cmeg does not allow you advanced risk controls while DAS on IB allows some more there is no practical reason to use cmeg anymore as IB EU offers you much more Share this post Link to post Share on other sites
