There are online stock brokers with whom you can invest and trade stocks online. As I have mentioned before, I will be periodically picking an online stock broker and compare their features. This week I am writing about Interactive Brokers. Here is an analysis from Consumersearch.com … Interactive Brokers (IB) offers services that that the average investor may seldom need: a customizable trading platform, cutting-edge charting and research services, dynamic streaming quotes, tools for risk management, and the ability to place orders that go directly to the market. IB stands out as well for its low costs and access to foreign markets. Customers place orders through its proprietary platform, Trader Workstation, which is available in both a browser-based and a standalone format. A commission of one half cent per trade makes it among the lowest-cost brokers around, though IB also charges $10 monthly for those who don’t spend at least that much in commissions and market data fees each month. If you want the low trading costs but not the bells and whistles, TradeKing may be a better option, according to reviewers. Of our top-ranked reviewers, SmartMoney and Barron’s include IB among the online brokers whose products and services they test and review. We found another mention of IB in the 2008 Readers Choice Awards in the publication Technical Analysis of Stocks & Commodities Here are their highlights from their site.. Successful traders and investors understand that superior technology and lower trading costs can result in greater returns. For 32 years the IB Group [1] has been building electronic access trading technology that delivers real advantages to professionals worldwide. With consolidated equity capital of US $4.8 billion, IB and its affiliates exceed 1,000,000 trades per day. In addition, our prudent and conservative risk policies make Interactive Brokers a safe haven for your money. Discover some of the reasons why professional traders and investors choose IB. Globality - Electronic access to stocks, options, futures, forex, bonds and funds on over 80 market destinations in 18 countries held and reported in a single IB Universal AccountSM.
- Trade assets denominated in multiple currencies from a single account.
- Convert currencies at market determined rates as low as 1/2 PIP wide, or create a position collateralized by a non-native currency.
Best Trade Execution & Trade Cost IB SmartRoutingSM is designed to search for the best price available at the time of your order, and unlike other routers,
to dynamically route and re-route all or parts of your order to achieve optimal execution. Based on independent measurements, the Transaction Auditing Group, Inc., (TAG), a third-party provider of transaction
analysis, has determined that Interactive Brokers US stock and options price executions were significantly better than the
industry[2] during the first half of 2009. IB independently routes US stock, option and futures spread order legs to the best possible venue or natively
routes your combination seeking price improvement, with IB undertaking the risk of partially executed orders. IB SmartRouting AutorecoverySM re-routes your options orders in the case of an exchange malfunction,
with IB undertaking the risk of double executions. IB has automated every aspect of the trade process in-house, enabling us to offer the lowest[3] commissions Risk Management & Control Our real-time margin system continuously enforces limits for each account, automatically liquidating positions if any individual account violates its limits at any time. IB Risk NavigatorSM is a real-time market risk management platform that unifies exposure across multiple asset classes around the globe. Financing Portfolio Margin Accounts with real-time risk management, which allow increased leverage with greater safety. Single Stock Futures EFPs available as a financing alternative with market determined interest rates. Lower margin loan rates than our competitors by an average of 5.8%. Based on IB’s US Margin Loan Rates Comparison as of 6/1/2009. Reporting Flexible download files available in text or XML format. Customizable Activity Statements in PDF or HTML format. Daily Margin Reports detail requirements by underlying. Their Website: http://www.interactivebrokers.com | 
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