Instructions for New Interactive Brokers Customers
Interactive Brokers account holders can now facilitate their equity order entry directly from their VectorVest platform, while receiving integrated customer support from Gar Wood Securities, an Introducing Broker to Interactive Brokers. Instructions to setup a new account are set forth below.
There are two steps. First – Open your new Interactive Brokers account. Second – Link your new account to your VectorVest platform. Both steps are detailed below.
Step 1: Open a New Account at Interactive Brokers with Gar Wood Securities LLC
Through our execution, clearing and custodial relationship with Interactive Brokers, Gar Wood Securities LLC provides an immediate point of contact dedicated to supporting VectorVest clients.
Commissions will be the same transparent volume-tiered pricing offered by Interactive Brokers starting at $0.0035 per share with a $1.00 minimum per order (Plus or Minus Exchange Fees, Regulatory & Clearing Fees.)
Click here for more information on the Tiered Commission Rates.
Why add Gar Wood Securities as a broker on your new Interactive Brokers account?
Gar Wood Securities, an Introducing Broker to Interactive Brokers, provides an immediate point of contact dedicated to supporting the VectorVest initiative.
*For clients who wish to open an Interactive Brokers account without receiving the dedicated support from Gar Wood Securities, click here.
Once your account is opened, then you can skip below to Step 2: Link your VectorVest Platform to your Interactive Brokers Account.
Online Application Process
Click the button below to start your new account application. First create a username and password for your Interactive Brokers account, then proceed to complete your new account application.
Helpful hints:
- After you establish your logon credentials, you will receive an email with a confirmation code that you insert in the next step. Please allow a few minutes to receive the email.
- If you do not receive email, please check your Spam folder. If necessary, you may request another Confirmation Number.
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Proceed to application instructions:
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Complete Investment Objectives in Step 3:
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Complete Investment Experience in Step 4:
Please complete Years Trading, Trades Per Year, and Knowledge Level for each asset class selected
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Funding your Account
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Once this step is completed, account application is submitted and pending approval.
In order to expedite the process, please continue to "Configure Your Account" for trading permissions and market data/research.
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Market data Package:
In this section you may select your market data options for trading on a live basis. For non-professional users, we recommend selecting the following 2 bundled packages:
US Equity and Options Add-On Streaming Bundle
US Securities Snapshot and Futures Value Bundle
This two package combination provides real-time Level 1 Equities data (NYSE, AMEX, NASDAQ), and OPRA (US Options), as well as real-time top of book quotes for OTC Markets, Dow Jones Indices, CBOE Market Data Express Indices, and US Bond Quotes. If you opted also for Futures trading capability in Step 4 above, it will also provide real-time top of book data for CBOT, CME, COMEX, NYMEX as well.
The cost of these two bundled packages together is $14.50/month. If you generate $30 or more in commissions for the month, a $10 waiver is provided, resulting in data costs of only $4.50/month.
You may also select exchanges individually, or add additional data items, as needed. Professional users have similar options available at different rates, and it is possible to trade using delayed data if you receive live data from another source. Please call us with any questions.
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Please allow 24-48 hours for email notification of account approval, or further instructions regarding your application.
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Once account is approved, proceed to fund your account.
Next, follow Step 2 below to link your new Interactive Brokers account to the VectorVest 7 Platform.
Step 2: Link your VectorVest Platform to your Interactive Brokers Account
- Within the VectorVest platform - click Trade Now - Connect to Brokerage
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This will open an Interactive Brokers window. Select >>Link to My Account.
Enter your Interactive Brokers credentials to have your IB account appear on every VectorVest platform login. It is an overnight process to link your Interactive Brokers account to the VectorVest 7 platform, linking requests placed by 3pm ET will be available to be traded the following business day. This is a one-time log-in process to link your account.
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For any help or questions regarding either of the two steps above, you can email us at vvsupport@garwoodsecurities.net or call us at 844-967-4602 (toll-free) or 312-967-4602 (direct/international).