For software and trading US options, TW is the hands down winner. But costs come into it as well. anyone experience their execution quality? l heard TW don't have a time and sales? I still have to choose my broker, I am new to trading especially regarding margin differences between IB and TW, the two brokers I am considering (though open to others), how would the margin rates between IB and TW differ? For eg, if I had a 10k account, and was short 5 Feb 230 puts in AAPL@298.49, I see the margin requirement is $11,775 as calculated by http://www.cboe.com/trading-tools/calculators/margin-calculator would the charges shown on https://www.interactivebrokers.com/en/index.php?f=1340 and https://tastyworks.com/commissions-and-fees/ apply on the $1,775? so if I had an account with IB and rate of 3% would apply to 1775, if I had an account with TW it be 8% on 1775? thanks for information to help me decide
You should always have a backup broker just in case there's a connection problem, software problem with your primary broker. Simply, if you currently do not have a broker...use both IB and TW...make one your primary broker and the other your backup broker. wrbtrader