I found it a bit of ball-ache too, but its worth hammering away at, the penny will drop sooner or later. TOS is very user friendly, but not as customisable as IB. The range of products and commisions with IB makes it a no-brainer. I was worried about losing my beloved TOS analytics, but just get a hold of something like Optionstar or Hoadley's tools and you'll be flying.
One important factor to consider is, w/ TOS you can do spreads in IRA accts whereas w/ IB, your short leg has to be cash secured. I've accts w/ both. IB's commission can't be beat for retail traders. Plus there is no assignment/exercise fee. But if I have to decide on one of these two, I would go w/ TOS for its ease of use, analytics tools and friendly service.
Hi, First time post. Does anybody trade the FTSE 100 Futures Options.We get slaughtered on commissions in Australia, so I would greatly appreciate being pointed in the right direction if anybody knows of a cost effective brokerage that can be used to trade Spreads online. Best Regards Johno