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tick order limits on IB

Hi all IB users,

I'm not using IB at the moment but I'm thinking about opening an account with them.

What bothers me with my current broker right now is the following limitation: when I place an order with a price limit, the second digit behind the comma can only be 0 or 5. So if I want to sell a stock trading at 2.33$, I can only place an order with price set at 2.30$ or 2.35$.

Does IB have the same limitation?


Apr 26, 2017 2:03:52 PM       
Re: tick order limits on IB

IB does not have this restriction, see attached trade from yesterday.

Attachment Screen Shot 2017-04-26 at 3.16.28 PM.png (44640 bytes) (Download count: 38)

I Started Out with Nuthin. Still Got Most of It Left. - SeaSick Steve

Apr 26, 2017 2:23:51 PM       
Re: tick order limits on IB

Florian, is this for all tickers or just some?
You have probably seen the comments about the SEC experiment for improving liquidity of some stocks by rounding to the nearest 5 cents.

I trade with Vanguard and it comes up from time to time with my lower liquidity stocks.


Apr 26, 2017 3:01:29 PM       
Re: tick order limits on IB

If you end up needing an active—up to date--list of stocks in the study here is a link. It took me a while to find this and I thought you might want to look at it. You can get the rest by Googling it and I agree with David.

Link:[url=] [/url]


Great theory, "and yet it moves."
-Quote attributed to Galileo Galilei (1564-1642) gets my personal award for the best real-world use of an indirect proof or reductio ad absurdum.

Apr 26, 2017 3:14:49 PM       
Edit 4 times, last edit by Jrinne at Apr 26, 2017 3:17:41 PM
Re: tick order limits on IB

Thanks guys! Very useful. Interestingly, KMG is also part of that list...

Apr 26, 2017 3:23:36 PM