Tradestation vs IB?

Discussion in 'Retail Brokers' started by Splat, Jan 24, 2003.

  1. Splat

    Splat

    I am v.shortly going to open a pattern day trading account.
    To me it seems only 2 possible candidates for the following
    reasons:

    Tradestation:
    a) I love the user interface
    b) Good functionality
    c) Allows backtesting
    d) Commission rates are competitive
    e) Seems like support is getting better
    f) Some Nice features in upcoming tradestation
    7 (e.g radarscreen)
    g) Allows custom indicators


    IB:
    a) Trading platform is Web or windows UI based
    b) Lots of people on elitetrader using it
    c) Seems to have good support (incl on elitetrader)
    d) Comission rates are competitive


    Decisions decisions ....


    Please convince me to go for the right platform!!


    Thanks for your help/input,


    Splat
     
  2. Splat

    Splat

    Forgot - tradestation also allows automated trading too..
     
  3. def

    def Interactive Brokers

    I'm going to stay out of this one as naturally I'm biased towards IB. If you have questions, feel free to PM me.
     
  4. catman

    catman

    I used to be a Tradestation user....now with IB....much better.
    Tradestation had problems with data feeds, bugs in the program, high commissions.

    Not a problem since I went to IB....have saved a bundle on commissions
     
  5. I also have used both. While IB does not have the functionality of Tradestation, IB's fast executions and low commission structure make it hard to beat.
     
  6. Make enough money with IB so that you can fund a second account with TS. :)
     
  7. mama

    mama

    I've been testing IB, Tradestation and Instaquote...while they are all about the same, got better rates with Instaquote
     
  8. One really BIG plus I have discovered is that the IB accounts
    also support different markets. v.interesting.
     
  9. If you want to trade stocks and options, then IB might be the better place. :D
     
  10. cheeks

    cheeks

    I'm with IB. Executions are good. Commish is dirt cheap.:)
     
    #10     Jan 24, 2003