IB Unbundled-Final Word

Discussion in 'Retail Brokers' started by java5555, Feb 17, 2004.

  1. java5555

    java5555

    The last thread was getting a little old, long and tired. Thanks to alanm, he has posted his IB commission matrix for all of us to see:

    http://www.interactivebrokers.com/discus/messages/4/18855.html?1076973306

    My final conclusion on which is cheaper (IB or FFastTrade) is cut off at 900 contracts per month:

    FfastTrade= 900 contracts X 1.66 + 550 (platform fee)= $2044
    IB= 900 contracts X 2.27= $2043

    Both are fairly comparable below this volume, but IB has MUCH better front-end applications and a Universal Trading account, poor customer service.

    FFastTrade is fast and has excellent customer service, but platform is VERY basic.