Posted by kevindeng0727 on 11th of Feb 2021 at 12:21 pm
Hey BPT community, does anyone use Interactive Broker and can
provide some feedbacks on it? I am so pissed off by TD and am
planning to switch. Thank you:)
Posted by fredsaid on 11th of Feb 2021 at 12:37 pm
I only use the Mobile app (95%) and Web trader (5%) both are
super easy. Brophy is right, the core desktop platform can
get super busy because it's super customizable and definitely
overwhelming.
Posted by fredsaid on 11th of Feb 2021 at 12:29 pm
I've been on TD/Amer, Scottrade, Fidelity and IB. IB is
the best hands down. Over the past 10 years there have been 2
meaningful outages during trading hours, one of them was within the
last 2 months and lasted almost all day - that was brutal but i've
heard and seen horror stories from my friends on other systems much
worse and more frequent. The IB mobile app is best i've ever
seen/used and is continuously updated. Market
reseach/scanners/etc. are top notch. Trade execution leaves
other brokerages drooling, i mean you want to see the bid and ask
and see your own order on the market right - IB is awesome.
Fees are decent, it's $1 a trade on equities vs. free but if
you trade options they are the best.
Posted by 2schnauzers on 11th of Feb 2021 at 01:38 pm
I agree but the desktop trading platform TWS has a somewhat
complex learning curve. I have a relatively small account I keep at
TD Ameritrade so I have access to the TOS platform but I execute
the trades at IB. IB margin rates are the lowest in the
industry by FAR. Customer service is really poor, almost
impossible to get through to a human, online ticket response time
can be over a week. If you have a sizable account and trade
frequently you should really consider IB.
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Hey BPT community, does anyone
Posted by kevindeng0727 on 11th of Feb 2021 at 12:21 pm
Hey BPT community, does anyone use Interactive Broker and can provide some feedbacks on it? I am so pissed off by TD and am planning to switch. Thank you:)
The platform makes my head
Posted by brophy on 11th of Feb 2021 at 12:33 pm
The platform makes my head hurt. Get ready for frustration trying to figure out how it works.
I only use the Mobile
Posted by fredsaid on 11th of Feb 2021 at 12:37 pm
I only use the Mobile app (95%) and Web trader (5%) both are super easy. Brophy is right, the core desktop platform can get super busy because it's super customizable and definitely overwhelming.
Thank you all for the
Posted by kevindeng0727 on 11th of Feb 2021 at 12:39 pm
Thank you all for the information.
I've been on TD/Amer, Scottrade,
Posted by fredsaid on 11th of Feb 2021 at 12:29 pm
I've been on TD/Amer, Scottrade, Fidelity and IB. IB is the best hands down. Over the past 10 years there have been 2 meaningful outages during trading hours, one of them was within the last 2 months and lasted almost all day - that was brutal but i've heard and seen horror stories from my friends on other systems much worse and more frequent. The IB mobile app is best i've ever seen/used and is continuously updated. Market reseach/scanners/etc. are top notch. Trade execution leaves other brokerages drooling, i mean you want to see the bid and ask and see your own order on the market right - IB is awesome. Fees are decent, it's $1 a trade on equities vs. free but if you trade options they are the best.
I agree but the desktop
Posted by 2schnauzers on 11th of Feb 2021 at 01:38 pm
I agree but the desktop trading platform TWS has a somewhat complex learning curve. I have a relatively small account I keep at TD Ameritrade so I have access to the TOS platform but I execute the trades at IB. IB margin rates are the lowest in the industry by FAR. Customer service is really poor, almost impossible to get through to a human, online ticket response time can be over a week. If you have a sizable account and trade frequently you should really consider IB.