And it's just one of the many reasons we're confident you'll be just as impressed
with Interactive Brokers as we have been.
At the end of the day, you will have to perform technical or fundamental analysis on your own if you choose to become a client
of Interactive Brokers.
Keep in mind that this is net of any clients who left so it is an impressive number
for Interactive Brokers to have reached.
Discount brokers such as
Interactive Brokers offer trading services at much cheaper brokerage rates and reasonable customer service.
The editor
uses Interactive Brokers for its low - cost trading fees but note that there are additional monthly fees charged for stock quotes.
The mobile application
from Interactive Brokers is one of only a few in the industry that allows for forex trading in a mobile environment.
Feature story
on Interactive Brokers explains how the company offers low commissions and fees, along with the latest technology and access to markets in 26 countries.
We offer additional clearing
through Interactive Brokers for clients who wish to trade stocks, options, futures and forex through the same interface.
For traders who are comfortable managing their own routes to minimize exchange costs or maximize exchange rebates,
Interactive Brokers also offers a tiered pricing structure.
While Interactive Brokers comes with a $ 10,000 minimum funding and is not suitable for casual investors, it leads the industry in international trading and low - cost commissions desired by professional traders.
When it comes to brokerage,
Interactive Brokers charges a flat rate of up to $ 20 across the segments along with a minimum brokerage as well.
But if you shop around places
like Interactive Brokers, you can basically borrow very close to the T - bill rate, if you stay at a 2 - to - 1 basis.
However, I didn't
include Interactive Brokers on my list because they're best for a very small group of traders and the platform is very complex.
I thought I would check to see if my memory was right
about Interactive Brokers offering currency conversions without mark - ups.
Interactive Brokers gives institutional customers the flexibility to execute and / or clear trades on our platform or with numerous third - party brokers.
Additionally,
Interactive Brokers took a $ 22 million one - time exit cost as part of a write - down of exchange trading rights.
Interactive Brokers lets individual account holders link multiple accounts together under a single username and password.
Notably, the firm will allow clients to short the product (
unlike Interactive Brokers, which declined to do so, at least initially).
The trade unit is determined by the
unit Interactive Brokers uses for its commissions charges and can be on a per share, per contract, or % of trade value basis.
The currency conversion costs are very low at
Interactive Brokers too, and if you have a margin then the rates at Interactive are a lot lower.
Mostly, the local originated stock brokers get it implicitly while companies such as
Interactive brokers need time and training to get accustomed to that fact.
Interactive Brokers strictly prohibits the use of secure account information in chat sessions, though strategies and speculation are encouraged.
If I recall
correctly Interactive Brokers has no mark - up on currency conversions (and charges $ 1 commission per board lot on many transactions).