Interactive Brokers vs IG

• 11/20/2017 at 8:37 AM #53283
  juanj

  Good Day

  Are there any of you that trade using Interactive Brokers?

  I am interested to potentially open an account with them due to their lower spreads.

  I mainly trade forex (due to better spreads) and thus very interested in Interactive Brokers offering.

  Please share your opinion or experience if you are using them.

  Also @Nicolas do you perhaps also know if they have access to newer versions of PRT before IG?

   

   

  

  juanj

  Participant

  Topics: 51

  Replies: 505

  Been thanked: 170 times
  11/20/2017 at 10:56 AM #53286
  Despair

  IB doesn’t offer automatic trading through PRT. You can only trade manually.

  

  Despair

  Blocked

  Topics: 97

  Replies: 1034

  Been thanked: 219 times
  11/20/2017 at 11:07 AM #53287
  juanj

  Now that I think of it, I did see that on PRT trading site long ago, completely forgot about that. Very unfortunate, would really love better spreads.What about L2 DMA access, could that to your knowledge somehow be utilized through IG to access better spreads though PRT auto trading? 

  

  juanj

  Participant

  Topics: 51

  Replies: 505

  Been thanked: 170 times
  11/20/2017 at 11:36 AM #53292
  Despair

  Enabling DMA doesn’t affect proorder, so I’m afraid the answer is no. On which asset you have problems with a too large spread? 

  

  Despair

  Blocked

  Topics: 97

  Replies: 1034

  Been thanked: 219 times
  11/20/2017 at 12:03 PM #53293
  juanj

  Forex. Trade mostly EURUSD and JPYUD due to the 0.8 average spread. But 0.2 would be nice.

  Running mostly scalping algos so better spreads = better edge and more profits.

  

  juanj

  Participant

  Topics: 51

  Replies: 505

  Been thanked: 170 times
  11/20/2017 at 1:01 PM #53295
  Despair

  <p>I understand. Anyway if you want to use PRT autotrading you are stuck with IG I’m afraid. I also would like to use IB but as long as there is no autotrading this is no option for me.</p>

  

  Despair

  Blocked

  Topics: 97

  Replies: 1034

  Been thanked: 219 times
  11/20/2017 at 3:58 PM #53319
  Eric

  juanj wrote:

  Forex. Trade mostly EURUSD and JPYUD due to the 0.8 average spread. But 0.2 would be nice. Running mostly scalping algos so better spreads = better edge and more profits.

  commission?

  

  Eric

  Participant

  Topics: 18

  Replies: 441

  Been thanked: 84 times
  05/05/2019 at 4:17 PM #97735
  pharao

  So does this mean that IG is the only broker to use for automated pro real time strategies? Are there any another brokers? Is it possible to ETF:s rather than CFD:s

  Best regards

   

  

  pharao

  Participant

  Topics: 0

  Replies: 4

  Been thanked: 0 times
  05/10/2019 at 8:49 AM #98149
  Nicolas

  pharao wrote:

  does this mean that IG is the only broker to use for automated pro real time strategies

  Yes. It should be extended to IB in the future but I dont know when.

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20863

  Been thanked: 4775 times
  08/10/2020 at 2:12 PM #141320
  deletedaccount051022

  Hello,

  I too am looking for an answer for routing automated trading from within PRT to IB.  The IG retail platform is alright, but have encountered several small issues, and the spread restricts smaller timeframe strategies.

  Does anyone have any idea when we will be able to route to IB?  I have ask PRT directly today, but wondering if anyone here knows.

  Thanks

  

  deletedaccount051022

  Participant

  Topics: 26

  Replies: 139

  Been thanked: 99 times
  01/26/2021 at 12:24 PM #159485
  Finning

  Hi Nicolas,

  Can you give us an update on IB and PRT with regards to auto trading?

  Are PRT actively working right now to enable IB auto trading at some point in the future?

  If so, can you give us an approximate timeframe for this?

  Thanks,

  Finning

   

  

  Finning

  Participant

  Topics: 18

  Replies: 130

  Been thanked: 10 times
  01/26/2021 at 2:44 PM #159496
  PeterSt

  I am not Nicolas and he may have a more accurate answer than mine :

  This was due for 2020. And not as in “planned in 2017 to have it finished in 2020” but as in “it is about ready to go” (this was Jan/Feb 2020).

  What came in between is Brexit and the very related residing of IB in the UK which had to move (to Ireland / Luxembourg / (and I think) Hungary.
  Notice that the relation with IB regarding my last sentence is one of legislation combined with responsibility (e.g. IG is responsible for you making a mistake and losing money, while PRT could be blamed for wrong PRT-program-code (like a Stop not working or something like that).

  The transition (or move) of IB is almost finished (as far as I can see that), but that does not mean that Autotrading is now a first priority. We have some V11 bugs to solve, Nicolas’ Market Place will be earlier and there is another higher priority thing to apply prior to when AutoTrading can happen.

  ---

  Additionally it is so that Autotrading via PRT-IB is to be thoroughly tested. Let’s say that I am a chosen one to do that (I have an IB account) and I can tell you that this has not yet begun. And no date set at this moment that I heard (last year a date for that was set all right). At least IB-Brexit has to be finished completely and this is not the case yet.

  Peter

   

  

  PeterSt

  Participant

  Topics: 73

  Replies: 2555

  Been thanked: 836 times
  01/26/2021 at 8:17 PM #159535
  Finning

  Hi PeterSt, thanks for the update. Better to see some movement, than none at all I guess. So by the looks of it, a couple of years away then. Would be great if they also incorporate a lot of IBs order types-sell at close etc, and wouldnt a callable bid/ask be nice too.

  That’s ok-its just good to know what is going on. I hope PRT make good on this and go down this road, could only be a good thing for them, and a lot of people.

  

  Finning

  Participant

  Topics: 18

  Replies: 130

  Been thanked: 10 times
• Author
  Posts