Why IB for dealing in options and etc?
For your reference,
• 14.85% of Interactive Brokers Group Options Orders Received Price Improvement i.e., during the first half of 2007 it received price improvement on 14.85%of its customers’ marketable US options orders vs. the industry average of 0.57% according to statistics provided by The Transaction Auditing Group (TAG) of New York, NY, a third-party provider of transaction audit services.
• We are a publicly traded company on NASDAQ (ibkr is our symbol)
• We process over 21% of listed derivatives globally
• We have been in business for over 30 years
• We are regulated by the SEC, CFTC and FSA
• We process over 550,000 transactions per day
• We support regulated products with the exception of forex
• We provide direct access trading to over 70 global exchanges and solely from one Universal Account
• You can trade multi asset classes (i.e., shares, options, futures, bonds, ETF’s and forex)
• We offer account protection up to $30 million
• We pay interest for your funds on deposit => $10,000
• We offer competitive margin rates i.e., Reg T, Portfolio Margining, and etc
• We ask $5,000 initial deposit to open an account
• We ask a minimum brokerage fee of $10 per month
• Market data fees vary per exchange or region e.g., we ask $10 per month to view live data for futures, options, and share exchanges in the US
• Brokerage fees vary per exchange e.g., we ask $0.005 per share (all in, plus Smart Order Routing) for US shares, $0.15 to 0.75 per US options contract (all in plus Smart Order Routing), GBP 6.00 per transaction for GBP UK LSE shares =< 50,000 in trade value (all in plus Smart Order Routing) although Stamp Duty applies on purchases, GBP 1.70 per UK options (all in) and other low fees for other exchanges
• Our Trader Workstation is simple, flexible, scalable, supports over 40 order types, offers technical analysis, Option Trader, analytics, market scanners, option modelers, supports spread features (e.g., buy writes, verticals, and etc) and more…
• We are very risk adverse company hence we ask clients to keep the appropriate margin in their account at all times to meet their margin requirements. If not we reserve the right to close any position that does not meet your margin requirements. To assist our clients we offer scalable alerts to notify them when their positions are close to a margin deficiency.
We ask all of our clients to compare us before they open an account. That is, unlike other brokers that do not post all of their services and fees on their website in order for their prospects to compare against others we do. Hence refer to our website and if decide to open an account you can contact our local UK office for assistance 020 7 776 7800. But remember compare before you buy to ensure you choose the right broker for your specific needs. The aforementioned is paramount.
Thank you and the best of luck regardless who you choose as your broker.
