Iconoclastic Broker With Rock Bottom fees and Prices,unique trading services ability in the space
I can honestly say “do they need to?”
at the couple dollar level for trades
varies with complicated formula that is still almost always cheaper than the others.
Customer chooses pricing plan that suits their trading type and volume
cuts the customer in on exchange rebates[for providing liquidity] that can result in payments for trades
varies with complicated formula that is still almost always cheaper than the others.All in ten options trades cost amount $5-8
The lowest in the Industry;currently around 2%
Offers Portfolio Margin for accounts over 100k
Trading Platform Benefits
Ability to trade 24 hours a day in markets all over the world without restriction place on customers such as at Schwab,Fidelity etc.
trading platform [trader workstation]has many features but is not easy to use.
Even the owner of the company said he doesn’t know all the features of the platform.Mobile platform
Customer Financial Services
IB’s weak point;limited avail of money management tools.
No Credit Cards ,No Banking,Not even a check book [you can request them to mail you a check].Money leaves and comes through wire transfers.Record keeping is bare bones and requires navigation to website for many details.
If Your Looking for cheap you found it;and your decision is made.
If your just starting out and need landholding ,or need banking service
It probably isn’t for you