Stock Brokerage Reviews » interactive brokers

Brokerages That Offer Forex Trading Online

ashivapu — Sun, 27 Sep 2009 06:01:32 +0000

Forex trading online has quickly become one of the most common ways to invest money. Because of the ability to leverage huge margins, it allows you to make money without having to have so much of it yourself. While it is risky, it can be very rewarding with a sound forex trading system.

The fact that the market is open 24/7 doesn’t hurt as well. If you’re like most people though, you’d prefer to have all your money consolidated into the least amount of accounts.

Below is a list of stock brokerages that also offer forex trading.

Broker	Commissions (forex)	Notes
Zecco	$0*	Free $50,000 online forex trading practice account
thinkorswim	$0*	100:1 (1%) margin
MB Trading	$0.50 per 10,000 traded	Tight spreads with no markups/markdowns
Interactive Brokers	varies/cheap

* While you pay no commissions to trade forex, your only transaction cost is the dealing spread – the difference between the bid and the ask price.

Best Stock Brokerage For Active Traders

ashivapu — Wed, 19 Aug 2009 06:21:46 +0000

While there are various classifications for what makes somebody an active trader, for this purpose, we are considering traders who execute multiple trades in a week. The deciding factor for most active traders is how low are the commissions.

Active traders are looking to quickly enter and exit stocks, obviously the higher the commissions, the longer they might have to hold on to make the trade worth playing. The following stock brokerages have been considered best for active traders because of their low commissions and ability to get security prices at low values. Also, check out how to lower your commissions with your current brokerage.

The following is a chart of the best online discount stock brokerages for active stock traders.

Broker	Commissions (stocks/options)	Acct. Minimum	Best For
OptionsHouse	$2.95 / $9.95	$1000	Everybody
MB Trading	Direct: $.01 per share for first 500 shares and $.005 per share for unlimited additional shares ($1 min) Smart: $4.95 for up to 10,000 shares and $.005 for additional.	$1000	Active Traders
Interactive Brokers	varies/cheap	$10,000	Active Traders
SOGOTRADE	$3/$3+0.70 per contract.	$500	Cheap Trades

Check out a complete list of our stock brokerage reviews.

Want to take your trading to the next level? Learn how to use technical analysis to accurately predict price movement.

Interactive Brokers Review – The Ultimate Stock Brokerage

ashivapu — Thu, 13 Aug 2009 22:24:40 +0000

First off, if you are not an experienced and active trader and not trading over $10,000, then check out other stock brokerage reviews. Only the real traders come to play at Interactive Brokers.

Interactive Brokers is home to many professional and institutional brokers. With this stock brokerage, you can trade stocks, options, futures, FOREX, bonds, funds, and foreign markets.

What makes Interactive Brokers enticing is their extremely low commissions. Because the company does everything in house they are able to carry that over to their low prices. That being said, low prices also equals not the best customer support and tools. Again, that is why Interactive Brokers is really a good solution for just experienced traders.

Trading platform can be tested before signing up.

Stock Brokerage Details

Commissions: Because most IB users are trading larger volumes, commission structure varies. See chart here.

Account Minimums: $10,000. 21 or younger is $3,000

Fees: Interactive Brokers does want its users to perform a certain amount of trades per month. Failure to do so results in inactivity fees. See detailed chart here.

Overall, Interactive Brokers is good for only those traders that are experienced, do not need much support or tools, and able to really trade over $10,000. While it seems like a lot of requirements, traders that are able to meet them will experience extremely low commissions for the volume traded.

Experience institutional-type commissions and access when you sign up with Interactive Brokers.