StockFetcher Forums · General Discussion · what is the best direct access platform?<< >>Post Follow-up
wojtek
6 posts
msg #86432
Ignore wojtek
1/17/2010 7:57:31 AM

What is the best direct access platform?

drew9
171 posts
msg #86451
Ignore drew9
1/17/2010 3:28:06 PM

Interactive Brokers. They let you choose to execute directly with any provider or through their "SMART" clearing where they use the best of all of them. I sound like an advertisement but switched to them a couple of years ago from ETrade and cannot believe how much better my executions have been. Always get executed at the best bid or ask and usually get price improvement over what is shown. Not sure how they do it but I am thrilled with the executions, lowest commissions, and lowest margin rates. They also let you buy everything sold globally (stocks, futures, forex, options etc) on one platform. No need for a bunch of different providers. They are a professional platform so there is no hand holding but if you have traded a bunch you won't need it anyway.

awj11669
14 posts
msg #86470
Ignore awj11669
1/17/2010 9:02:28 PM

MB Trading is also good. Fast trades and low commison. A lot of my trades cost 1.00. You only need 2000 to open an account ,IB requires 5000 I think.

wojtek
6 posts
msg #87524
Ignore wojtek
1/31/2010 5:11:03 PM

Can I view The ECN Book foer NYSE and level 2 w/ Interactive Brocers and MB Trading?

awj11669
14 posts
msg #87536
Ignore awj11669
1/31/2010 9:51:11 PM

Im not sure why the commision plan that I have is not advertised on MB anymore. They are still letting me trade for 100 shares for 1 dollar in commision. If they did change it to a 5 dollar minimum per trade for NEW accounts then i would go with IB unless you have enough capital it dosent matter to you.
To try to answer your question you can go online and download the demo account for free with out having to give much more info than your name. Then you can see exactly what it has. You can even trade the fantasy money in the account to learn the features it has and how to trade using it. It is pretty simple to learn but does not have as many features as IB.

awj11669
14 posts
msg #87537
Ignore awj11669
1/31/2010 9:53:23 PM

And yes MB does offer Level 2

four
3,995 posts
msg #87977
Ignore four
modified
2/8/2010 5:47:37 PM

http://lightspeed.com/index.php

- no knowledge of these folks
- just a post

PS the "team" is from ETrade ...

StockFetcher Forums · General Discussion · what is the best direct access platform?<< >>Post Follow-up

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