No. of Recommendations: 0
Just did my first trade with IB, Markel, as always with a limit even for liquid stocks, just to be on the safe side. As always I did set the limit a little higher than the asking price to save the hassle of having to change the order when the price goes up a tiny little in the few sec I need: Limit $1502 vs. $1501 (and a few cents) current asking price.
With Schwab I always get execution below my limit, with Schwab then telling me proudly about the "price improvement". Not so with IB. Executed at exactly my $1502 limit. Is that normal with them, so that one has to be more restrictive with the limit, even with liquid stocks?
