Barron`s rated the online trading platforms according to several parameters:
"Although Barron's names a No. 1 broker, that doesn't mean it's the right pick for your style of investing, so we also name leaders in four other categories -- long-term investing, options trading, international investing and high-frequency trading. We also display the lowest- and highest-cost brokers for those who trade a few times a month or several times a day." in Barron`s
I am an Interactive Brokers user and fan. This is what Barron`s wrote about IB:
"Pros: It still leads the pack in access to global markets, with access to bourses in 17 countries on five continents, and cost-consciousness. Consulting outfit Transaction Auditing Group showed that IB customers enjoyed quite a bit of price improvement -- a 31-cent advantage per 100 shares and 21-cent advantage per options contract -- compared with the industry average over the second half of 2009. Its trading platform, Traders WorkStation, was enhanced with added portfolio analysis and risk-management tools, plus expanded access to real-time streaming news. Short sellers can tap a wide array of items, and customers can now trade in multiple currencies as well. Education offerings are wide-ranging and well-written. The mobile applications are very usable and offer streaming data.
Cons: Although improved, TWS is still not an intuitive platform to use. The learning curve is steep. This is a broker more geared toward professional traders, so buy-and-hold investors should steer clear."
Related Stocks: Interactive Brokers Group, Inc. (Public, NASDAQ:IBKR), E TRADE Financial Corporation (Public, NASDAQ:ETFC), TD Ameritrade Holding Corp. (Public, NASDAQ:AMTD), TradeStation Group, Inc. (Public, NASDAQ:TRAD), optionsXpress Holdings, Inc. (Public, NASDAQ:OXPS)
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