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I've traded online for about 9 years and some of those early years were
pretty rough. I tried nearly a dozen discount online brokers over a 6 year
period. I settled in with Interactive Brokers and frankly have not comparison
shopped for several years so I can not offer objective comparisons.
My Universal account allows me to trade electronic futures (no pit traded),
stocks, options, and I have even traded on the Toronto exchange. The trading
platform is first rate and provides a variety of order types including both
exchange types (market, limit, etc.) and simulated and conditional order types
e.g. execute an emini trade if the emini hits a specified price -or- the SPX
hits a specified price. Fills are instantaneous when bid or ask price (depending
on buy/sell) is hit. The accounting is clean and clear with real-time account
data during the day and crisp statements overnight. IB's symbology is very
clear and the platform automatically provides all available derivatives and
chains for any underlying symbol. I also maintain an account with Fidelity as
well as a regular bank account and I can easily move funds around by ACH or by
wire. I use IB support infrequently, however email has been satisfactory and
phone is very good.
Perhaps most telling is the consistent improvement in IB's platform and
service during the years I have been a customer.
Earl
----- Original Message -----
Sent: Friday, October 14, 2005 2:01
AM
Subject: [RT] Futures Brokers
I have been trading stocks for a while... and would like to
get back into
futures trading.
Any recommendations with regard to
online futures brokers these days? Man?
ArrowFutures?
Others?
Because I don't expect live interface with the broker very
often, I'm
primarily interested in (1) Ease of use of their tools/platform
and (2)
reliability/uptime and (3) reasonable rates. I'm assuming that all
brokers
supporting online trading have the same speed of order
execution.
Feel free to reply privately... unless you believe your
reply will help
others in the group.
Thanks in
advance.
Andre
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