Interactive Brokers Portfolio Syncing No Longer Supported
September 16, 2023
I'm sorry to report that SwingTradeBot will no longer be able to sync portfolios with Interactive Brokers. SnapTrade, my brokerage syncing provider sent me this a few days ago:
There have been some recent developments with Interactive Brokers that affect our ability to continuing servicing IBKR accounts over the SnapTrade API.
Interactive Brokers has made it clear that they have no interest in working with SnapTrade or any other 3rd party API aggregators to facilitate connections to their trading API. Even for partners who have their own IBKR keys, they have asked us not to intermediate the connection. Their suggested path forward is:
1) All apps get their own IBKR keys subject to a compliance review, and
2) All apps build their own direct integrations with IBKR's trading API.
This is a disappointing outcome for us that we believe is not in the best interest of IBKR customers, but at the end of the day IBKR is in complete control of who connects to their trading API. In response to IBKR's request, we have disabled all IBKR connectivity for all SnapTrade partners...
I especially hate this because my active trading account is at IBKR. I'm starting to regret bringing back the syncing functionality. So few brokerages are supported that I think it's more trouble than it's worth. -sigh-