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Old Apr 17th, 2013, 05:50 PM   #1
chaykapwr
 
 
Join Date: Mar 2009
Posts: 631
Need some opinions.

Currently trading with tradestation. However, my account size has grown and I am considering moving to IB. What brought me to tradestation was their platform and charting services. How does IB compare? It is also my understanding that IB gives you much more access to data for cheaper? What about for futures trading, commission wise and margin wise? Any other suggestions would be appreciated.
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Old Apr 17th, 2013, 06:17 PM   #2
ofthomas
 
 
Join Date: Sep 2009
Posts: 776
Quote:
Quote from chaykapwr:

Need some opinions.

Currently trading with tradestation. However, my account size has grown and I am considering moving to IB. What brought me to tradestation was their platform and charting services. How does IB compare? It is also my understanding that IB gives you much more access to data for cheaper? What about for futures trading, commission wise and margin wise? Any other suggestions would be appreciated.
this is simple... why are you with TRAD? what is your timeframe? what instrumenst do you trade? (equities/futures/options on both/FX?) ... is your account over $100K?

you dont need to answer any of those questions to me, but rather to yourself..

if account is over $100K, then you will get portfolio margin (if you ask for it) and you can trade with more margin than you get today.

if your strategies are coded in EL, then just go and buy yourself MC8.5 and move your code to MC and trade away with IBKR. You can always keep TS and still execute orders with IBKR btw, there is software that enables that connection.

if what you care about is charting, then just get one of the many that will support IBKR market data (depending on your timeframe of course given there are some "issues" with them doing snapshots vs unfiltered)

The main benefits of IBKR over anyone out there...

1) Universal Account. You can trade anything from a single account.
2) Access to Markets & Liquidity (you can short things easier with them if that is your thing)
3) Well Capitalized BD/FCM
4) Low cost to trade (relatively speaking)
5) Portfolio Margin (Easier with them than most)...
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Old Apr 20th, 2013, 05:52 PM   #3
FreakofNature
 
 
Join Date: Jun 2011
Posts: 1,108
Tradestation as charting is pretty good, but the broker side is crap, need a shitload of accounts to trade futures, stocks, forex, etc.

IB charting is crap, but as a broker is top notch.

You prob need both or IB and something else.
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Old Apr 21st, 2013, 03:51 PM   #4
roncer
 
 
Join Date: Jan 2004
Location: Oakland
Posts: 303
Been with IB for over 10 years. Data is good and nearly all free. Entry platform is easy and effective. Charting is crapola.

Everyone now needs to have a heads up regarding these goings on...... http://www.cftc.gov/PressRoom/PressReleases/pr6560-13
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Old Apr 21st, 2013, 03:57 PM   #5
just21
 
 
Join Date: Feb 2002
Posts: 3,538
Listening to the IB conference call last week was interesting. IB has a higher credit rating than Goldman sachs or Morgan Stanley. They are widening the spreads on the options market making as the return on capital is low and may pull out completely.
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Old Apr 21st, 2013, 04:02 PM   #6
roncer
 
 
Join Date: Jan 2004
Location: Oakland
Posts: 303
Ib is currently owned by Monex a large Japanese Corp. Monex was looking very weak awhile back but in the last few months has gained value with Japanese market rising.
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