Quote from orange_trad:
I disagree. You use a rational logic to something (personal finance) that most people are irrational about. The real question is how many wannabes are there who believe they are experienced. Practically everyone who opens a brokerage account believes that at the very least he is above average, thus qualifies for 'experienced' and 'trader'. Thus he opens an account with ib for confirmation. Look around here (on ET): how many consider themselves 'elite' 'trader'. People who obviously don't trade and don't know even the basics... Look at the post before yours, confusing a business model for a derogatory term. Or look at the new threads: 90% is ridiculously uninformed. Then they come back and start bashing their broker, the market, anyone but themselves.
It's like performance sports cars: people with clearly meager driving skills buy those, and if they drift off the road, it was the fault of the manufacturer or the municipality who didn't maintain the road properly, whatever. Never is the case that they are driving too fast with a tool that they clearly cannot handle properly.
But the appeal of 'cool' by association (sports cars, high end retail brokerage accounts, etc.) is there. If anything, 'catering for experienced traders' is a great marketing tool to attract the masses.
