I also use IB and don't see any other cheaper alternative. Please provide the numbers as to how IB is double dipping or tripple dipping fees...or provide another cheaper broker.
I recently fell and hit my head in the bathroom, and awoke from unconsciousness with two major epiphanies: 1) How to build a Flux Capacitor 2) if BlueStreek has a problem with IB, Bluestreek, you should quit your bitching and leave them. Quit being a reactive passive-aggressive douche and leave.
Whether IB sucks or not, it is always a good idea for a career trader to diversify among at least 2 brokers. However, I don't know of anyone who can match IB's breadth of product offerings and commissions. 1) If you trade only US listed Futures, I think Advantage futures is better than IB. 2) If you trade US futures and US stocks, well I don't know anyone other than IB. Maybe if you have 500k+ account or maybe 2MM+ account (I don't know the minimum threshold exactly, newedge could be an option. However, I don't know how much newedge' comms are) 3) If you trade international portfolio of stocks, who is there other than IB at the retail level?
I actually think IB commissions are too low. Seriously. They can't afford to hire competent development & testing teams, and we get more bugs than (useless) new features time & time again.
It is not about how much money they spend, their budget is far more than let`s say NT through the history of the platform (probably by a factor of 100) it is poor upper management of the programs (given all the negative feedback) the leader of this department should have been fired until they got it right! I bet they have probably had 3 or 4 heads of Platform Development over the last 5 years: Steal people from Fidelity Active Trader Pro a much more superior product.
Yes, I heard of them, and I think they are crooks. By any other broker I mean reputable public companies, not any obscure broker out there.
this is another nonsensical remark. you have absolutely no proof. ET is a forum for complainers because IB responds in a public forum.. order entry bugs are taken care of very quickly by IB.