IB TWS is exceptionaly good / One of class of the fastest, multy assets and reliable platforms / All type of accounts
Updated February 11, 2023

IB TWS is exceptionaly good / One of class of the fastest, multy assets and reliable platforms / All type of accounts

Andrey Lokshin | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Interactive Brokers

We are a subsidiary of the family office established 15 years ago and managing VC projects and investing in US equity listed on exchanges and equity options. We develop custom internal applications to allocate office assets eligible for investment and rebalance the portfolio every week. The Interactive Brokers makes our way sustainable because IB Trader Workstation is a reliable instrument for investment allocation suitable not only for retail but also for institutional quality or trading group capabilities. It is a lightweight and speedy tool, stable even for mobile version. It is easy to make downloads of data for internal reporting.

Pros

  • Large financial instruments are available for trading - options, forex, derivatives, USTs
  • All main international exchanges are available to allocate
  • Fast and stable user interface
  • Fast connectivity
  • Python and Java API
  • Applications from Vendors
  • Data feed on demand could be added
  • Fast funds transfers and account set up
  • Supported all types of account: retail, trading group, retirenment, institutional
  • Fast quotes update without viable delay even for retail

Cons

  • Simplification of design (classic multy window to plain colorful palette Z-focused)
  • Choise of routes for order flow with clear comission cost
  • International bonds inclusion
  • Consider offering of CDS derivatives for ICE products
  • ESG selection - CO2 allowances instruments
  • Crypto wallets as a cource of margin connectivity are interesting for hybryd account
  • Sponsorship for FINRA licenses for non-institutional customers
  • Custody in regulated and respectable jurisdiction
  • Reliable trading platform
  • 24 hours support
  • International instruments
  • Well developed API
  • Options trading capabilities
  • Reasonable comissions schemas depending on data feeds and instrument choise
  • Scalability - easy managed exposure of any size
  • ROI is sustainable, no exponencial growth but we get what is expected, not less SP500 return + KPI %
  • Comission flow is very low as compared to 3 - 4 years before the date
Reliable connection, fast interface, rapid data updates, lower comission costs that is all features coinsided at one place for Interactive Brokers trader workstation. Even account types offering is wider to include also trading group accounts not only retail, IRA 401. Interactive Brokers makes easy to enter the prop business or serve large family office needs as an adviser or discretionary mandate trader (EU).

Do you think Interactive Brokers delivers good value for the price?

Yes

Are you happy with Interactive Brokers's feature set?

Yes

Did Interactive Brokers live up to sales and marketing promises?

Yes

Did implementation of Interactive Brokers go as expected?

Yes

Would you buy Interactive Brokers again?

Yes

Interactive Brokers is appropriate for retail equity investing and pension accounts holding - totally appropriate. Institutional accounts and proprietary trading group accounts - appropriate for those managing risks themselves because there is no automatic or supervised control and you trade at your own discretion.

Not appropriate - is you look for crypto trading with instruments not accepted by regulator authorities as featured instruments with acceptable risk, to make sustainable and regulated investments with the main aim to preserve capital. All not regulated instruments are not appropriate and it is good and professional.

Using Interactive Brokers

4 - 2 are of asset management team, 2 are of analyst team with combined function to back office reporting and risk management for equity options.
It is not necessory, the platform is self efficient and well maintened by vendor. Sometime we just need a part time person to get some stuff with API tested. We are grateful to TWS team.
  • Asset management
  • API testing for future projects
  • Portfolio rebalancing
  • Equity options tading to get some edge with Alpha
  • Trying to set up bactesting tool
  • Weekly options trading
  • International instruments purchases for US based family office
  • Arbitrage strategies development
  • We need to test premarket trading till MOO become available
  • We need to test pastmarket trading after MOC become unavailable
We use it and do not plan to switch. It fits all our current needs.

Evaluating Interactive Brokers and Competitors

Yes - UBS bank platform
  • Product Features
  • Product Usability
  • Product Reputation
  • Prior Experience with the Product
It is reliable ... and has fast access to multiple international instruments.
We would do the same. Probably would be interested in technical workshops for API integrations and algo practices with use of TWS.

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