Interactive Brokers Fees Vs Stock Trading Platforms

It has been observed that majority of the investors are not aware about interactive brokers. They fail to comprehend that these are different from traditional brokers and they have got their own fees, which needs to be paid for services rendered by them. These brokers have become popular in the market due to their efficiency and reliability. These brokers play a key role in online Forex trading market. Thus, you should take proper care of them to avoid any future hassles.

The Interactive Brokers i.e. the Forex Broker firm has two fees models; One is fixed rate pricing which charges a certain fixed rate low commission on the per share or a certain amount of trade volume. The fixed rate fees start from $ 0.005 on each trade or at least $.00 per share.

For the Fixed Income Pricing, the firm will charge the clients a fixed income rate on the assets that are traded. This fixed income will be on the assets that are owned by the clients i.e. the broker does not get anything for the trades made by the clients. These brokers to ensure that they provide the clients with fair dealing, and they never attempt to trick the clients to lose their investments, and neither does the firm encourage its clients to try out speculative trades.

For those who wish to pay the brokerage firm per trade, the fee structure varies from broker to broker. Some brokers may charge the traders with the per trade commission, while some others may charge the same on all the trades irrespective of the type of trade that is done. The fixed income system works in such a way that the brokers earn money only if there is a successful trade.

Interactive Brokers Fees

In the Multifactor Screener, the fund manager has a wide range of option funds to choose from. The clients can see the type of fund that is being managed by the fund manager and can select the funds accordingly. Thus, the clients have a wide range of funds to choose from, depending on the type of investment they want to make. For instance, a beginner investor will have a wide range of funds to choose from, but an expert investor will have a very narrow choice.

The brokers also have a wide range of options as far as the fees charged are concerned. They charge either a flat fee per contract or a commission based on the number of contracts that have been done. There are also brokers that charge a fee for every currency pair traded while there are some other brokers that charge a fee only for trades in a specific pair. Some brokers also provide traders with an interactive Broker Board, where the clients can interact with the fund managers and participate in the fund discussion.

The best platform that provides the most services for the cheapest fees is the Neteller platform. With a few clicks, investors can open an account, add their funds, specify the currency pairs that they wish to trade in and get started. There is no complex setup required by the users and there is no software installation required by the brokers on the investor's side. The investors simply have to fill in a form and allow the Neteller platform to automatically place the order, thus, reducing the brokerage costs.

The two other platforms that come very close to matching the quality of the Neteller and NN are the Straight Pro and Tradeview platforms. Both of them allow the traders to make use of the advanced features such as charting and research, but they are a bit behind in comparison. They allow the traders to open an account but they are not robust enough for high volume trading. For small traders they work fine, but for those who deal with hundreds of trades per month, they might as well forget about them. So, lets take a look at the differences between the top three brokers and see which one fits the needs of the trader better.

Tags: interactive brokers fees, brokers, foreign exchange market, strategy, high figures