Interactive Brokers has cheap commissions ($0.005 per share, minimum of only $1 per trade), awesome executions, great borrows on many hard-to-short stocks, and a great trading platform (trader’s workstation or TWS). Up until now there were only two things I did not like about IB: they had a bad mobile trading platform and they had horrible customer service. With the release of the iPhone real-time trading application IB has finally corrected one of their last significant flaws. But don’t worry: they still have incredibly horrid customer service. Here is what they have to say about their new iTWS trading platform:
IB’s state-of-the-art iTWS provides electronic access to your IB account from your iPhoneTM. iTWS lets you enter and manage orders, view executions, monitor your account balance – all from your iPhone!
With iTWS, you can:
- View real-time streaming market data.
- Trade stocks, options and futures worldwide.
- Take advantage of our SmartRoutingTM technology, which searches for the best price available at the time of your order and dynamically routes and re-routes all or part of your order to achieve optimal execution.
- Monitor your trades.
- Monitor account information.
- Manage your portfolio.
Disclosure: No positions. I am a generally satisfied customer of IB and I have my main trading account there. IB has no affiliate program so I get nothing for recommending them.