Saturday, June 16, 2007

Interactivebrokers

Hey guys I just finish my exam ... phew!! what a relief ... okay as what i have promiss ... i shall continue with the internet trading brokers topic. Today i shall tell you guys about this very cool and sopiscated broker .

IT is none other than IB (Interactive Brokers)

Interactive Brokers conducts its broker/dealer and proprietary trading businesses on over 60 market centers worldwide. In its broker dealer agency business, IB provides direct access ("on line") trade execution and clearing services to institutional and professional traders for a wide variety of electronically traded products including options, futures, stocks, forex, and bonds worldwide. In its proprietary trading business IB engages in market making for its own account in about 6,500 different electronically traded products. Interactive Brokers Group and its affiliates now trade 18.7% of the world’s exchange traded equity options*, and executes approximately 500,000 trades per day.

Benefits of IB :
- One of the cheapest commision rate - approx 1US per Trade
- One of the Fastest streaming online trading plateform
- Able to perform Stop lost, conditional , double last , and all sort of automate commands
- Able to Keep track of all the stock if you do your due diligence

The only problem i find that is IB didnt give any charts or nice charts and also is quite complicated to trade on IB if you are a computer idiots. You will need to have a certain knowledge on computer to find it easy to trade on IB.

Nonetheless IB is still a professional trading plateform that use by many traders around the worlds. Even Conrad and Adam khoo are using it. If you are a day trader or short term trader, I would really recommend you to check IB out as they will really benefit your pockets. DANGER!! --> (able to fake the markets!!)

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