why are there no other brokers compete directly with IB?

Discussion in 'Automated Trading' started by trend2009, Sep 13, 2020.

  1. maxinger

    maxinger


    most likely OP is from outer space.
     
    #61     Jan 28, 2021
    qlai likes this.
  2. then please name a few?
     
    #62     Jan 28, 2021
    d08 likes this.
  3. IRONBEAM
    AMP
    DISCOUNTBROKERS

    Now this is important: every broker is different in how they handle equity commissions, futures commissions, E-Mini commissions....and more importantly the MARGIN REQUIREMENTS.
    I had to quit IBKR despite their excellent E-Mini commission rates.
    Why did I quit ?
    Their margin requirements were just ridiculous....you needed a $50k account just to trade a few E-Mini contracts.
    Now how stupid is that ? Great commission rate but you can't take advantage of it......LOL !
     
    #63     Jan 29, 2021