Tom 134 wrote :
"Just read here on ET the daily complaints regarding IB:
a) data unreliable
b) charts unreliable
c) trade execution unreliable
d) very poor customer service "
To the point a) With the big $ every trader is saving on the commissions compared to other brokers, what would be the reason not to take another quote feed if indeed the datas were unreliable? Let me guess, is someone here not just cheap, but extremely cheap?
To the point b) Is someone slowing down his PC by watching videos or playing games and then wondering that the charts are not up to date?
To the point c) If someone is trading on the NYSE with all those 'nice' specialists, you should know if you are an experienced trader that your fills don't depend of the broker (who ever he may be)
To the point d) If you are an experienced trader, you wouldn't need someone to hold your hand and the reason why the fees are low, is because the staff is limited.
But even if a Xyz broker would have an advisory service, the staff wouldn't enter the orders at your place, so the only person to blame if you made a mistake is YOU. If the market is too volatile and you put market orders, don't criticize the broker.
The reasons why IB is a great broker :
a) The quick order entry, with the possibility to change the price in one second and I didn't meant secondS.
(I looked at the demo of Sogo and it would cost you big $$$$, because their system is so slow)
b) From one platform, you can trade several instruments from different countries at the same time.
c) IB allows the access to more stock exchanges than any other broker.
...And how many exchanges does your broker offer to trade on?
and we shouldn't forget the point d) : the low commissions