interactive brokers real time data

[dhiru19]

has any one used realtime data from interactive brokers. they require minimum balance ( its not clear from their website what exactly this amount is?) to be maintained. data is provided free.however one needs to generate min turnover otherwise min$ 10/month is charged. this data can be used with metastock and amibroker. so if one assumes that without doing any trading we opt to pay $10/month for data only, looks very good.

is any one using it or any hidden charges are their? can any one suggest?

thanks

 

[AW10]

I don't think u can download this data to Metastock / Ami.
They provide this data to their own charting and trading platform and this charge of $10 is towards that. Generally brokers have to pay something to exchanges (atleast in US/UK mkt) so IB recovers that from clients by charging $10. But if one gives enough business to them i.e. brokerage is > $10 in a month, then this amount is waived off.

Happy Trading.

 

[dhiru19]

2.5 LAKH min balance is too much. so its of no use. there are plugin for metastock and amibroker to be used with interactive broker.

http://www.traderssoft.com/mst/msrt/

http://www.amibroker.com/ib.html