Trading Frontend suggestion for IB

T

traderjoe999

Hello all,

I've been trading on IB but the data fees are extremely expensive because I'm classified as Professional. Currently, I pay about $600-700 a month in data fees because I need access to several futures and commodities market on top of equities and options.

I'm looking to add a sub account to my account because I want to build a core portfolio and scalp around it. It turns out, my sub account will require a separate data feed. This means I will have to pay about $1500 a month in data fees alone.

Few questions:

1. Is there any way to subscribe to a cheaper datafeed in TWS?
2. Is there any way to trade options, equities, and futures in a third party platform? I really hate using TWS. I want one platform that can trade all these items.
 
traderjoe999 said:
Hello all,

I've been trading on IB but the data fees are extremely expensive because I'm classified as Professional. Currently, I pay about $600-700 a month in data fees because I need access to several futures and commodities market on top of equities and options.

I'm looking to add a sub account to my account because I want to build a core portfolio and scalp around it. It turns out, my sub account will require a separate data feed. This means I will have to pay about $1500 a month in data fees alone.

Few questions:

1. Is there any way to subscribe to a cheaper datafeed in TWS?
2. Is there any way to trade options, equities, and futures in a third party platform? I really hate using TWS. I want one platform that can trade all these items.
More...

Sign up the account in the name of relative and operate from different internet connection. Will cost extra $50/month but might let you sideline the professional fees of several hundreds to thousands.
 
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