Schwabtrader CT vs. Cybertrader

Discussion in 'Retail Brokers' started by jbob, Feb 21, 2005.

  1. jbob


    Does anybody know the difference between these two platforms offered through Schwab? Cybertrader's functionality seems a bit more advanced, but Schwabtrader CT's commission is only $9.95 for any amount of shares.
  2. When I talked to Cybertrader reps at last year's Traders Expo, they said that the Schwabtrader and StreetSmartPro platforms were at the level Cybertrader was 3 years previous.

    When I looked at the Cybertrader CT demo, it looked substantially the same as StreetSmartPro (which I've used for a few years) - really the only thing missing was the menu choice that brings up a web page with a stock's fundamentals and analyst research - and looking at, it looks like they're just giving everyone StreetSmartPro now.

    StreetSmartPro has top 10, high/low, sector tool, a list of open and completed trades, news, a simpler screener than Cybertrader, and 3 windows with either level II stock quotes/T&S or level I options.

    Cybertrader offers more level II windows, I'm told, as well as level II options, hammer, cyberquant screener, a number of ticker tools, order flow tools, ecn books, and some account management tools more suitable for day traders (open positions, options pairing, trade stats).
    And you can trade futures at Cybertrader.

    At one point, Schwabtrader did not allow you to direct orders for listed stocks; this may have changed.
  3. Schaefer


    Hello, I use Cybertrader Pro platform and I love it. It has all the bells and whistles right out of the box to be successful. The rest is up to the trader. Some do not like the charts in Cybertrader but I have had no problem with it.

    Happy trading :)
  4. mktman


    Anyone still using streetsmartpro?

    Likes dislikes?