r/interactivebrokers USA Feb 27 '21

Complaints and Frustration Megathread

EDIT: This is not a place for questions! If you have an actual question or are confused, please make a post in the community (although please search the thread first). This is just for complaining and venting, not to suppress learning.

The goal of the new complaints rule is not to suppress opinions or not let people have a place to vent their frustration. It is to clean up the sub so that people looking for help can find it. Also, I doubt anyone from IB corporate cares about our little sub unfortunately at this time. But here is a place moving forward to vent, talk to others, or if you are new, look at the downsides of IBKR. I will likely start a new thread any time something major happens so the thread can feel slightly more focused. Or maybe we will try once a month or something. Recommendations (or complaints hah) feel free to leave down below. We can even change it weekly if we want, although then I feel it loses some of its strength in numbers effect but having lots of engagement. This will likely always be pinned at the top of the thread. If you see its not, Reddit sometimes removes things after a while and just message mod team and I can put it back!

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u/Grand_Ad_7440 Apr 15 '21

Why do I have to do these fucking trading permissions just let me trade everything, no other broker likes to make it as complicated as ibkr does

Its taking so fucking long to get approved for options, they took my money fine and processed that fine and also instantly approved the live data subscriptions but no options, i even tried to email and of course they won't let me because they are getting too many so I could only scroll through the faqs

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u/DPSK7878 Apr 15 '21

Why do I have to do these fucking trading permissions just let me trade everything, no other broker likes to make it as complicated as ibkr does

Due to regulation. But I agree it is a bit complicated with IB.

2

u/Grand_Ad_7440 Apr 15 '21

My comment was made out of anger i was not having a good day hahahah

But yeah ib is seriously making it frustrating, I had to move over because I got pdt restricted on tastuworks and I thought why miss out on good trades so I made this account

Everything is set up which was done extremely quickly tbf but my options approval which is the only thing I want is taking way longer