Any Traders Leaving IB for Commission Free Broker with Desktop Platform?

agree kcalhoun, I've seen many an imbecile claim you won't get 'best execution' with zero comm , not knowing that BE has noting to do with that!!! Zero to do with it, pun intended.

been saying for some time that even 1 cent a round trip is 1 cent too much.

IB will have to do something to compete with zero on TWS, not just a crippled web based interface, or lose many of their scalper daytraders.
 
KCalhoun said:
I love IB and have traded on TWS for well over a decade. But now I like Fidelity & TD Ameritrade, since they are now zero commish and no "lite" platform restriction. I'll be sadly leaving IB unless they provide TWS & no commissh.

fwiw Fidelity's trading platform/Active Trader Pro works fine, I did 7K+ trades on it this year & only 3 hiccups. also fwiw Fidelity Active Trader customer support is spectacular, they could all answer tough routing/order mgmt questions exactly right; I've talked with dozens of reps this year in their 3 service centers via phone; best & smartest, friendly pro help.

but I'm used to TWS. cmon ib give us TWS w/0 commissh or I'm out

p.s. i spoke at length with reps from all 3 and confirmed there shouldn't be bad fills/significant slippage due to routing etc, so no worries (but i almost always (99%) use buy-stop limit & sell-stop limit orders). I've seen recent BS youtube videos by dumbass wannabe young poser gurus (who are in bed with/affiliates of commissh-charging brokers) falsely saying that zero-commissh moves by reputable big brokers means pymt for order flow will cause bad fills/slippage. bs.

I'm 100% confident to enthusiastically recommend Fidelity & TD Ameritrade as top 2 to use.
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Yup...the "bad fills" is a ghost. The law requiring NBBO matching is clear. And if you want to be absolutely certain limits are available.
 
NewTraderAdventure said:
agree kcalhoun, I've seen many an imbecile claim you won't get 'best execution' with zero comm , not knowing that BE has noting to do with that!!! Zero to do with it, pun intended.

been saying for some time that even 1 cent a round trip is 1 cent too much.

IB will have to do something to compete with zero on TWS, not just a crippled web based interface, or lose many of their scalper daytraders.
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I agree...IB NEEDS to up its game. They're the only ones gimping their zero commission offerings
 
Fidelity is the only broker out of the others that is offering commission free that is not receiving POF. They also pay a cash sweep which is slightly higher than IB. This appears to be make them the best broker in this arena by a wide margin.
 
comagnum said:
Fidelity is the only broker out of the others that is offering commission free that is not receiving POF, this makes them the stand out CF broker by a country mile. They also pay a cash sweep which is slightly higher than IB.
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Are you sure they dont sell order flow? Is it in the terms?
Do they open accounts for non-IS residents? Do they offer an MS Excel API?
 
tonyf said:
Are you sure they dont sell order flow? Is it in the terms?
Do they open accounts for non-IS residents? Do they offer an MS Excel API?
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Since i am moving away from futures going in to stocks i am also interested in the 0 commission structure, i am also from outside the US so i really hope we also get a 0 commission broker with a decent platform, not like the IB Lite stuff.

Going to follow this thread.
 
d08 said:
IB doesn't have "absurdly low commissions", not even close. I agree that their API is decent and their tech is good but they are not cheap.
I've paid $37k in commissions this year alone and if I can even even cut 20% off it, it's significant for me.
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37k p.a.! Call IB an negotiate. I have.
 
Looks like Lite is now available (was only early beta access prior). Will be moving to a competitor to try out. Maybe later on TWS will be included in Lite, but I am not holding my breath.
 
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