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Interactive Brokers Review Scores
 www.interactivebrokers.com |
| Overall Score: 5.6/10 |
| Total Votes: 11 |
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Interactive Brokers Discussion
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Member Since Jul 29, 2010 13 posts
SniperNCE
Aug 10 2010 at 08:55
I have a live account since 1 year. Works very good. No major problems actually.
1. thightes spreads 2. 0.5 Pips steps 3. I like the TWS Platform. Its very nice but also very complex. Also the Web-Trader is acceptable but no chating support. 4. true ECN/STP 5. very fast executions 6. good deposit/withdraw 7. very good support 8. high reputation 9. cheap commissions for high volume traders (0.2 - 0.1 Pip per side) 10. you can also trade other securities like stocks, futures, .. (no CFDs) There are only some disadvantages: 1. you cannot trade during the rollover time 2. For IDEAPLPRO minimum trade size is too high (e.g. $25K). 3. For lower volumes IDEAL much has bigger spreads (mostly +2 Pips) and higher comissions (1 Pips) 4. the minimum commission is too high ($2.5) 5. no hedging In all, i can recomment this broker if you want an allround platform for stocks, forex, futures, options, .. and if you have a bigger trading account (>$20,000) |
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Member Since Aug 31, 2010 21 posts
tumbleweed
Sep 16 2010 at 03:09
Some of the tightest spreads in the industry. IB has an excellent reputation, but it is not for the new trader. They neglected to tell me they shut their platform down at night for maintenance. Since my programmers wrote a program to specifically trade on their API, this was a major disappointment. So, it is not for automated trading, until they can get around this issue. Also, the API kept disconnecting. A real bummer. If you trade manually and have your own platform or are willing to lease one of the platforms they offer, this could be a good choice. They offer trading stocks, options, futures, forex and you can track all this on their proprietary 'Traders Workstation'.
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