What do y'all think about Interactive Brokers?
What do y’all think of Interactive Brokers (https://www.interactivebrokers.com/ )?
If you have a suggestion for an alternative, can you tell me what you like about it when it comes to international trading?
How do you think Interactive Brokers would fit for me, based on my situation?
- I’m in the US.
– I plan to trade at most one a year.
– I plan to buy risky stocks and hold for a long time (I’m willing and able to lose 100% of the money I invest).
– I want to maximize flexibility when it comes to the type of stock I can buy (different countries, different exchanges, different regulatory situations, whatever).
– Because I don’t plan to trade often, I don’t care very much about the trading interface, trading hours, and stuff like that.
– I don’t care about trading on margin or trading in derivatives; I don’t really even care that much about trading any assets other than stocks.
– I am fairly paranoid about the idea of my broker screwing me, or getting hacked, or facing some regulatory issues that mess me up, or something like that, so institutional reputation and stability are important to me.
So basically my priorities are #1 variety, #2 reputation, #3 low per-transaction cost for large transactions. (But maybe I should have other priorities that I haven’t thought of—let me know.)
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