What makes IB better then TOS?
IB is more international. But in the end you will need at least 3-4 Brokers for a decent international exposure.
IB is more international. But in the end you will need at least 3-4 Brokers for a decent international exposure.
- TOS (TD Ameritrade's ThinkOrSwim platform for those unfamiliar) has a much nicer platform but the commissions are so absurd that I just don't consider it.
- IB is cheap.
- IB is great for international exposure. I really don't think you do need another broker. What other broker is superior to IB in which markets?
- IB is amazing at handling multiple currencies. You can deposit and withdraw in any currency I've had need to care for and they're usually local accounts in the relevant country (e.g. USD in US, EU in EU, GBP in UK, CHF in Switzerland etc.). You can also easily and extremely cheaply convert between them.
- IB has an API you can use with low effort and zero cost. TDA does not.