Forex Brokers Reviews, Information, News



May 20, 2008

About Interactive Brokers Group, Inc.

Filed under: Forex Brokers, Interactive Brokers — postmaster @ 9:37 am

This boroker ratings from elitetrader.com members:

  • Quote & Execution Speed 4/5
  • Range of Services 4/5
  • Training & Tech Support 3/5
  • Commissions & Fees 4/5
  • Overall Reliability 4/5

About Interactive Brokers Group, Inc.

Founded by its Chairman and CEO Thomas Peterffy about 31 years ago.
One of the premier securities firms.
More info here

Latest news from them:
2008
The IB Risk NavigatorSM is launched, a real-time market risk management platform for customers, providing unified risk data across multiple asset classes around the globe.

Other traders opinions:

    • IB is the best if you are looking for fast executions and very low comissions, 0.01 for first 500 sh and 0.005 for over 500, who can beat that.
    • Use a good data provider for other services, ie Level 2, T&S , Graphs ,etc .
    • Plenty around, RealTick, Esignal, NexTrend.
    • The quotes and execution speed are the best . The range of services are average because IB does not have the best charts of brokers, but are adequate for swing trading. There is no training per se, but the online manual does answer most all of your questions. The customer service does answer almost all tech questions.The commisions and reliability are better than other brokers I have tried which are MLonline, TDWaterhouse, Cyberttrader, Suretrade, WallstreetElectronica and some others. The commissions and fees charged are beyond question the best deal on the web. Overall I think each person should open up an account at IB and prove it to yourself that IB is the best deal overall around.
    • I’ve been in the process of opening a new account for weeks now. My account has been funded, but not useable. It has taken me days just to find out why, and now I can’t get a response to my emails or calls. When they do respond, the email is composed of sentence fragments that I can’t decipher. All this because they want me to verify my income or something. I am just cashing out my money as soon as I can, and will go with a broker that can respond to emails.

More to come soon…