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tonyzhou
Registered: Jul 2006
Posts: 162 |
05-08-12 05:00 AM
I am currently using Interactive Brokers. My individual account grows to $500K size now. I am thinking that different brokers specialize in different account size. My question is that in what level, should I consider to switch to another broker that have better support for that account size? For example, go to TD Ameritrade? or some professional broker like Goldman Sachs? If you have experience and have the same though as me, please share with your thought. Thank you very much.
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comintel
Registered: Jun 2008
Posts: 1077 |
05-08-12 10:50 AM
Well IB has many clients trading millions.
I doubt that you would be able to match IB's services and rates elsewhere with a $500,000 account. That is too small for the larger banks and brokers to give you rates that are as good as IB on as wide a range of services. (If you were just doing one specialized type of trading, then yes there are good alternatives).
However, in any case, I think you need to diversify across two brokers. There is too much risk in having everything with one broker. I know it is inconvenient to have to have two brokers but it is advisable in my opinion.
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rmorse
Registered: Apr 2011
Posts: 1056 |
05-08-12 11:30 AM
Quote from tonyzhou:
I am currently using Interactive Brokers. My individual account grows to $500K size now. I am thinking that different brokers specialize in different account size. My question is that in what level, should I consider to switch to another broker that have better support for that account size? For example, go to TD Ameritrade? or some professional broker like Goldman Sachs? If you have experience and have the same though as me, please share with your thought. Thank you very much.
Under some circumstances we can introduce you to and service your account at B of A Merrill Lynch with an account over $500K. Email me you contact information if you'd like to discuss it. Very few large Prime Brokers offer Customer Portfolio Margin under $5M. IB and ML are two of them.
We can provide more than just a trading platform and custody of your assets.
Bob
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Cdntrader
Registered: Mar 2001
Posts: 3427 |
05-08-12 12:18 PM
Quote from tonyzhou:
I am currently using Interactive Brokers. My individual account grows to $500K size now. I am thinking that different brokers specialize in different account size. My question is that in what level, should I consider to switch to another broker that have better support for that account size? For example, go to TD Ameritrade? or some professional broker like Goldman Sachs? If you have experience and have the same though as me, please share with your thought. Thank you very much.
Don't bother. There's nothing out there.
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