Guys and fellow traders, I need everyones' opinion about Interactive Brokers...I am on the website right now and I can see that it's just the perfect choice...With only $2000 minimum balance to start an account, and with a great ALL IN ONE account in which you can trade stocks, options, futures, forex and bonds, this is more than great...
Commissions are great as well..I have read over here that you need to have a minimum of $25k to be able to trade forex, but on their website, they state that the leverage for AUD,CAD,EUR,GBP,CHF,USD is 50:1, so you can actually trade mini-lots if you have an account of $10-$15k...
I am asking about them because I have been flooded lately by a quantity of people from my family and friends who want to invest money in the financial markets and they want me to manage these amounts..The Global account of IB is just the perfect fit for this, I will be able to fund the account with $15k-$20k, and manage and diversify the risk between different instruments...This would be really great, and with low commissions as the ones they are offering, profits won't be eaten as with other brokers...
Please, I want comments about IB from everyone, even if you haven't used them, tell me what you heard about them...
Thanks,
Nader
Commissions are great as well..I have read over here that you need to have a minimum of $25k to be able to trade forex, but on their website, they state that the leverage for AUD,CAD,EUR,GBP,CHF,USD is 50:1, so you can actually trade mini-lots if you have an account of $10-$15k...
I am asking about them because I have been flooded lately by a quantity of people from my family and friends who want to invest money in the financial markets and they want me to manage these amounts..The Global account of IB is just the perfect fit for this, I will be able to fund the account with $15k-$20k, and manage and diversify the risk between different instruments...This would be really great, and with low commissions as the ones they are offering, profits won't be eaten as with other brokers...
Please, I want comments about IB from everyone, even if you haven't used them, tell me what you heard about them...
Thanks,
Nader