Just a few comments about TOS platform:

1) You can actually stream a few charts at the same time in TOS platform. You can do so either in “TOS charts” or “Prophnet”.
2) Commission cost is $1.50 per contract (and not $2 to $3). You just need to know how to get it.
3) The live chat support is excellent because the helpers were all ex-floor traders from the OEX pit at CBOE. Compared to IB which is a pure online discount broker without any technical support, you can make a judgment.
4) Shadow trader live commentary every night from 9:15am to 11:30am EST and from 1:30pm EST to 4:00pm is free for TOS users. Lots of education materials on how to scalp the market or how to read a particular chart. By far, OX and IB cannot even match that.

By Greeksman
Thanks for the input especially for the commission cost.

Yo Guys today is the last topic on Internet trading brokers. I will cover Thinkorswim. Thinkorswim is a rather new internet trading brokers. They founded in 1999 and headquartered in Chicago, is a leading online brokerage company specializing in options.
They support retail and institutional traders through their own trading platforms which are widely recognized as the industry’s best for execution, professional analytics and real-time position management.

They have revolutionized the option industry by teaching and executing complex, non-directional option strategies with single-click functionality that has now become the industry standard. Thinkorswim continues to evolve the financial marketplaces by delivering products that benefit the customer whether you are hedging, speculating or enhancing returns.
Thinkorswim is like a combination of OX and IB. I shall elaborated further now.

Benefits:
- Nice chart like OX but only can stream a chart at a time
- Plenty of educational tools
- User friendly platform (easy to use the trading workstation)
- Rather cheap commission per trade … 2.50 - 3 bucks

The trading workstation is more or less similar to OX. I would prefer thinkorswim than OX, but i will still use the chart from OX. The platform that i will use is IB because i’m a scalper and a day trader so i need the lowest commission rate platform.
So What Kind of Platform you need ?
dun wait and go check it out yourself =P

Hey guys I just finish my exam … phew!! what a relief … okay … as what i have promise … i shall continue with the internet trading brokers topic. Today i shall tell you guys about this very cool and sophisticated broker. It is none other than IB (Interactive Brokers).

Interactive Brokers conducts its broker/dealer and proprietary trading businesses on over 60 market centers worldwide. In its broker dealer agency business, IB provides direct access (”on line”) trade execution and clearing services to institutional and professional traders for a wide variety of electronically traded products including options, futures, stocks, forex, and bonds worldwide. In its proprietary trading business IB engages in market making for its own account in about 6,500 different electronically traded products. Interactive Brokers Group and its affiliates now trade 18.7% of the world’s exchange traded equity options*, and executes approximately 500,000 trades per day.

Benefits of IB :
- One of the cheapest commission rate - approx 1US per Trade
- One of the Fastest streaming online trading platform
- Able to perform Stop lost, conditional , double last , and all sort of automate commands
- Able to Keep track of all the stock if you do your due diligence

The only problem i find that is IB didn’t give any charts or nice charts and also is quite complicated to trade on IB if you are a computer idiots. You will need to have a certain knowledge on computer to find it easy to trade on IB.
Nonetheless IB is still a professional trading platform that use by many traders around the worlds. Even Conrad and Adam Khoo are using it. If you are a day trader or short term trader, I would really recommend you to check IB out as they will really benefit your pockets. DANGER!! –> (able to fake the markets!!)

Do you know which online trading platform to setup?
Do you know that different online trading platform will suit different kind of trader?
Do you have difficulty on setting up an internet trading platform?

Today i’m going to share with you guys the BENEFITS of 3 trading platforms.
- Optionexpress (https://www.optionsxpress.com.sg/login.asp)
- Thinkorswim (http://www.thinkorswim.com/tos/client/index.jsp)
- Interactive Brokers (http://www.interactivebrokers.com/en/main.php)

Starting from optionexpress
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Optionexpress
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The best thing about optionexpress is they provide excellent tools. Tools like beautiful user friendly streaming charts that will help in your trading. you can choose to view it in candle stick, bar and line chart.
They let you to put up a watch list and you can run it in streaming too. They also provide a virtual platform to polish up your skill and get familiar with the tools. Easy to trade with option strategy like spread, straddle and strangle as spoon feed you with the necessary key in option.

Well good stuff always come with a PRICE !!
Yesh they have an averagely high commission charges on per trades - US$14.95
So in actual fact you will need to spend US$30 on just buy and sell the stock/option.
What i like and love most about optionexpress is the chart which has the following qualities:
- User friendly
- Informative
- Nice Candle Stick chart
- Easy setup TA chart - macd/dema/stochastic and many more …
- Streaming
So i really recommend you guys to go check it out and play around with the chart. I wont recommend you guys to fund the account unless you are monthly/yearly trader aka investor or long term trader. So please do your due diligence before you act on it.
If you have any enquiry, just drop me a mail - akalawoo@gmail.com