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broker for us stock options?

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Old 30-07-2020, 11:00 PM   #46
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Join Date: Mar 2011
Posts: 4,862
Anyone looking at thinkorswim after they announced their zero commission for US stock trades?
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Old 01-08-2020, 04:23 PM   #47
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i have been using both ibkr and tos for a couple of months now.

i can say that ibkr has superior execution. i sometimes mirror my trades across the platforms and ibkr has a much better fill rate than tos. i feel like tos is selling their order flow.

commissions on ibkr also way superior to tos. tos also does not support cash accounts so if you don't have 25k usd you are stuck with pdt rubbish.

ibkr desktop platform is very ugly and impossible to chart with but still usable for trading. their mobile platform looks really neat but lacks in ux. cant really roll options easily. you have to go to the ticker and manually add both legs. their forced otp every session and the inability to maintain multiple sessions over 2 devices is very very annoying. the worst problem is they force you to restart the platform every single day for "performance" issues.

tos platform is very neat and great for charting. the greatest benefit is the lack of forced restart every day like ibkr. if you are logged in on desktop you can basically keep it logged in for months without any problems. cnbc tv is great too. and you get to sign in to as many devices as you want so you can trade on mobile while away from desk and come back later without having to go through the whole login process again.

in summary, you probably want to have accounts with both of them but stick to ibkr for bulk of day trades.
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