Quote from cstfx:
Ok, since you say you just want to "discuss", I'll start:
- share volumes as low as .001 (IB) vs .004/shr (Cobra) on volume
- $7.95/trade deal offered by Cobra only available on web platform, not the direct access platforms
- no futures trading
- spot fx is rebranded Saxobank dealing desk trade system
- short list roughly 12k(IB) vs 9k (Penson)
- no European or Asian stock or futures trading at Cobra
- no bond trading (Cobra)
- no universal account for nightly sweep of available cash (actually, no need to since they don't offer futures, foreign equity, bonds or direct spot forex trading)
- 30MM of total protection (IB) vs 25MM of total account protection
- been in business 31 yrs (IB) vs 4
- ACH fee $1 and wire fee $10 (IB after first withdrawal) vs ACH free and wire $15
- software fees: TWS free (IB) vs 75-250/month for direct access platform choices
- more responsive customer service than IB (see prior post/thread about only having 25 clients)
So what did I miss?