Benefits of Interactive Brokers for Advanced Traders
Interactive Brokers are the best choice for advanced traders due to the advantages of the company's platform and trading tools. Their wide range of products and services, including futures and forex, is an advantage that's uncommon among online brokers. Traders can also access the markets at low commissions and tight spreads, making them a welcome choice for scalpers and high-volume traders. The company's wide range of trading tools and analysis is also a great advantage for more advanced traders. Advanced charting options, like Elliott Wave and Fibonacci, help traders to make more accurate predictions about the markets. Additionally, tools like scanners, market sentiment, and company research can be used to identify potential trading opportunities.
Features of the Interactive Brokers Platform
Their trading platform, Trader Workstation, offers advanced charting options and powerful technical analysis tools, in addition to a range of other benefits. The platform also offers a wide range of third-party applications, including trading robots, news feeds, and third-party analysis tools. Traders can also use the platform to create automated trading strategies and use advanced order types to get the best results.
Products and Services Offered by Interactive Brokers
- Stocks: Traders can buy and sell stocks on over 2,000 U.S. and international exchanges, including the New York Stock Exchange, NASDAQ, and the Hong Kong Stock Exchange.
- ETFs: Traders can buy and sell a wide range of ETFs, including government and corporate bonds, currencies, commodities, and indices.
- Options: Trade options on equities, indices, commodities, and bonds.
- Futures: Trade futures on commodities, indices, and bonds.
- Forex: Trade currencies from around the world, including the U.S. dollar, British pound, Japanese yen, and Swiss franc.
- CFD: Trade CFDs on stocks, commodities, indices, and currencies.
- Clearing Services: Use a clearing service that acts as a middleman to guarantee payment if a trade goes wrong.
- Wealth Management: Benefit from investment advice and access to a wide range of investment products, including stocks and ETFs.
Accessibility of International Exchanges
Interactive Brokers offers access to over 100 different international exchanges, which makes it easy for traders to open an account and start trading. Traders can open an account with just $100 and can gain access to a wide range of products, including stocks, futures, options, and forex, in addition to a range of investment tools and analyses. Through their account, traders can also access a range of analytical tools, including third-party research and company-specific market sentiment. In addition to low commissions and tight spreads, Interactive Brokers also offers a wide range of international exchanges, making it easy for traders to open an account and access a wide range of products.
Customer Service and Support Options
Interactive Brokers boasts customer satisfaction rates above 90%, which is higher than the industry average. The company offers 24/5 live customer service, as well as a range of self-help resources, including an extensive FAQ page, educational videos, and in-depth articles about trading. Traders can also contact customer service using a toll-free number or email, and the company offers around-the-clock assistance in several languages, including English, Chinese, Spanish, and Russian.
Low Commission and Tight Spreads
Interactive Brokers is one of the lowest-cost brokers, making it an ideal choice for scalpers and high-volume traders. Traders pay just $2.95 per stock trade and $1 per contract on futures and options. In addition to low commissions, Interactive Brokers also offers tight spreads, making it easy for traders to get in and out of the markets.
Powerful Trading Tools and Analysis
The advanced charting options and powerful technical analysis tools offered by the platform make it an excellent choice for advanced traders. In addition to advanced charting, traders can access a range of analytical tools, including scanners, market sentiment, and company research. Traders can also benefit from the advanced order types available on the platform. The company's "trade at" functionality, which is included in most order types, lets traders specify a price at which they want to get filled.
