Interactive Brokers Trader Workstation
Interactive Brokers LLC
P.O. Box A3770
Chicago, IL 60690-3770
Toll-free: 877-442-2757
General Description: Interactive Brokers provides direct access to options, futures, forex, stocks, and bonds on over 70 market centers worldwide from a single Universal Account.
Account Minimums: Individual - $10,000, IRAs - $4,000
Stock Commissions: $0.005 per share with $1.00 minimum.
Option Commissions: $0.70 per contract with $1.00 minimum and NO ticket charge. Clearly the lowest cost for individual traders.
Futures and Futures Option Commissions: $1.25 - $6.00 per contract depending on the contract and the exchange.
Options in IRAs: IB allows approved clients to write covered calls and engage in long calls, long puts and option spreads using securities with both American style and European style expiration in IRA accounts.
Trading Platforms:
- Web Trader is a Web based trading platform that is available to all customers. It provides quick and easy online trading, including complex option orders on those occasions when you are not at your own computer and you want to execute trades.
- Trader Workstation (TWS) optimizes your trading speed with a single multi-product spreadsheet interface offering real-time streaming quotes and quick click order entry. Customized order entry modules designed to meet specific trading needs such as options, forex, and spread trading.
Option Trading Tools in OptionTrader:
- Option Modeler lets you add your pricing assumptions for interest and dividend values to calculate option model prices.
- Option Analytics lets you view the risk of selected options using the Greek risk measures of Delta, Gamma, Vega, and Theta.
- Portfolio Analytics lets you evaluate option risk by position, expiration, underlying or entire portfolio.
- Option Spreads is a strategy templates that ensure valid spread construction.
Web Site:
www.interactivebrokers.com
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