Interactive Brokers offers its advanced trading platform to its traders and it is most suitable for the seasoned traders. It offers a wide range of tradable assets like cryptocurrency and currencies. The margin rates offered by Interactive Brokers are lowest in the industry, which makes it an ideal platform for active traders.
Tastyworks is another broker, which offers a trading platform that is excellent for advanced traders. The platform is the best for options traders. Its competitive price structure is the major benefit of the Tastyworks.
Types of Platform
Client portal for account management and trading
Desktop trading that offers high power speed and emphasizes on high-volume trading
IB Trader Workstation, a proprietary platform for frequent traders who need multiple tools and flexibility
A browser-based platform for traders who like to trade within a browser
IBKR Mobile for both Android and iOS devices
Mobile platform for both Android and iOS users
Fees & Commissions
Stock/ETF commission $1+
Stock trading is charged at $0.00
Mutual Fund commission $14.95
Options on stocks are charged at $1.00 per contract
Options Commission $0.25+ per contract
Options on futures are charged at $2.50 per contract
Annual IRA Fee $30 and maintenance fee $0-$240
Futures markets are charged at $1.25
English, French, German, Spanish, Italian, Russian, Chinese, Japanese
English, Spanish, Czech, German, Chinese, Italian, French, Polish, Romanian, Portuguese, Hindi, Slovenian, Arabic, Russian, Hebrew
Deposit & Withdrawal Methods
Types of Account
Interactive Brokers and Tastyworks both offer world-class tools at low cost. Tastyworks is a better choice for experienced traders who are price-conscious. The cost of commission is low and the tools are designed in such a manner to help options and futures traders.
Interactive Brokers on the other hand is a better broker for the bond and mutual fund investors along with the traders who like to invest in forex.
Beginners should pick Tastyworks because it has no minimum to open accounts and charges low for using margin.