Which platform do you guys use the most frequently?
I tried the browser-based, pro tradestation. They are all horrible! The user interface looks like from the 90’s or maybe still is and cumbersome to use. Super bloated software not to mention the constant disconnection issues. So bad… Swissquote sucks too, but it at least works…
Client portal and IBKR Mobile.
Hmm, it was supposed to be eliminated in October 2021.
Web Client Portal and IBKR Mobile (Pro App) ![]()
web client portal is for amateur trader at best. A lot of standard features are missing, option chain is a joke, trade history is missing or not complete. I am just in awe.
TD Ameritrade beats IB by 1000 miles.
yea, but it’s not on the same level as TD Ameritrade or Fidelity or Schwab. A lot of simple features are simply incomplete or missing.
That’s true. I trade a lot of options and IB is not made for that. But it’s cheap, so it’s good. I was just shocked to see the user interface. I was expecting something better considering the well-known name. ![]()
Sure. Remind me what is their fee for exchanging 10k CHF to USD?
Everything was already checked and discussed dozen of times.
Traders Workstation is used by profis and it has tons of features, although not the most nicest UI experience, I admit.
So your platform preference is solely based on currency exchange fees? How often do you do that?
That’s a bit far-fetched.
Every time you want to invest your earnings?
Ok, that’s a different investment style. I trade actively, so it’s a different story.
IB is perfect for people who invest and forget. I give you that. The UI still sucks. That’s a fact.
I’m not trying to beat the market. I trade options to hedge against risks and lower my cost basis and sometimes for income or for fun. I didn’t judge or question other people’s investment style or decisions. I only judged the UI and user experience of IBKR. That’s it.
Unlike the common believe there are some active traders on this forum, like me, and I feel exactly the same. I often find myself on other websites/apps researching, charting, filtering etc. because IBKR just sucks. I understand that TWS is so powerful and being used by serious professionals but cannot understand how it is not improved in a more user friendly way for retail investors until now.
I also tried to find an alternative but unfortunately without success. The most I could do is searching for how-to videos on YouTube for TWS. Thanks that you bring it up here and wish someone could come up with an alternative or some constructive reply about how to deal with it.
Does it help?
What for?
It’s good to have different opinions as long as our discussion stays on a civilized track.
Is this a joke or are you being salty?
Being sarcastic or is that a serious question? ![]()
@Bili Glad to see someone is on the same page. I understand that not everyone is a sophisticated trader. As I work in the financial industry and in the investment area, this is my bread and butter. It’s natural for me to trade and stay actively in the markets.
TWS has such a horrible UI, I used to see this in the 90’s. IBRK is reluctant to change the layout, it tells me that they aren’t willing to upgrade their software which is bummer. The whole thing is bloated and you have to tweak and customize the heck out of it for it to be usable.
Have you used thinkorswim? The difference is night and day.
No. These are standard question that everyone should ask if someone is talking about their trading strategy. Did you benchmark it?
I suppose you are not involved with options? It’s a well-known fact that options can be used to hedge against downside risks. Also, if you want to buy stocks, it helps you lower the cost basis of the stock purchase like selling put and so on. It can also generate extra cash for income. But options are not for everyone, it is fairly complex and needs to be understood well, otherwise, one can lose crazy amount of money without knowing why.
I’m not an active trader and I don’t earn a lot of money for now to try to be one. I only invest my tiny monthly savings on IB, convert my CHF in USD, and buy 10-11 shares of VT. So the Web interface is perfect for what I need.
But I’m listening every morning an amateur podcast about trading and news which sometimes talk about options, futures, put, call, warrant without really understand how to deal with it. Maybe after my internship and after having a real job I will dedicate some times to understand these investments tools
(and blame the TWS interface
)