Hi all here are some tips to trade o IB.
1. Never use margn funding unless absolutely necessary. If you take, keep checking the exposure link as positions are settled daily. So it will keep changing.
2. DO NOT LISTEN TO TIPS from RMs of IBs. Just for fun, I used a lil amt of money to go exactly opposite the RMs reco, and made some money. This does not imply anything, but the results are fun. NOTE: I used my judgement too. NEVER DO DAYTRADES WITH THE TARGETS the RMs keep sending. I told them not to send any messeges to me.
3. Click on IFSL link and combined net portfolio to see your entire portfolio. Click on combined account summary here to see your position.
4. DO NOT OVERTRADE. MARGIN IS NOT THE SAME AS CAPITAL> YOU WILL BLOW UP irrespective of Indiabulls or others.
5. Use HDFC Bank A/c. Transferring money is a hasslefree affair. With Geojit use UTI Bank for the same. (Note in ICICI, you can transfer money back instantly. But here you will take 2 days for online transferring back too.
6. IFSL is no more directly funding you. So u should get a simple statement in future.
7. Keep checking your tradebook to see if any trades have happened w/o your knowledge. They cant hide that.
8.PowerIB is one of the best software available today in the market. Make full use of it.
9. ALways place LIMIT orders. Else it takes quite some time to execute. You feel someone is taking positions against your order (though IB claims they dont do proprietory trading)
10. Brokerage is one of the best in the industry.
11. RMs are one of the crapiest in the industry. Complain about them and get them changed if required.
I CANNOT COMMENT ON THE FINANCIAL HEALTH OF THE COMPANY OR THEIR INTEGRITY. I CAN ONLY TALK ABOUT THE TECHNICAL ISSUES THAT I ALSO FACED INITIALLY AND NOW SORTED MOST OF THEM.
1. Never use margn funding unless absolutely necessary. If you take, keep checking the exposure link as positions are settled daily. So it will keep changing.
2. DO NOT LISTEN TO TIPS from RMs of IBs. Just for fun, I used a lil amt of money to go exactly opposite the RMs reco, and made some money. This does not imply anything, but the results are fun. NOTE: I used my judgement too. NEVER DO DAYTRADES WITH THE TARGETS the RMs keep sending. I told them not to send any messeges to me.
3. Click on IFSL link and combined net portfolio to see your entire portfolio. Click on combined account summary here to see your position.
4. DO NOT OVERTRADE. MARGIN IS NOT THE SAME AS CAPITAL> YOU WILL BLOW UP irrespective of Indiabulls or others.
5. Use HDFC Bank A/c. Transferring money is a hasslefree affair. With Geojit use UTI Bank for the same. (Note in ICICI, you can transfer money back instantly. But here you will take 2 days for online transferring back too.
6. IFSL is no more directly funding you. So u should get a simple statement in future.
7. Keep checking your tradebook to see if any trades have happened w/o your knowledge. They cant hide that.
8.PowerIB is one of the best software available today in the market. Make full use of it.
9. ALways place LIMIT orders. Else it takes quite some time to execute. You feel someone is taking positions against your order (though IB claims they dont do proprietory trading)
10. Brokerage is one of the best in the industry.
11. RMs are one of the crapiest in the industry. Complain about them and get them changed if required.
I CANNOT COMMENT ON THE FINANCIAL HEALTH OF THE COMPANY OR THEIR INTEGRITY. I CAN ONLY TALK ABOUT THE TECHNICAL ISSUES THAT I ALSO FACED INITIALLY AND NOW SORTED MOST OF THEM.