2 February, 2023 seen 37Interactive Brokers is a damn good brokerage account where you can trade stocks, options, and futures, I've been amazed…
I've been trading stocks for about 20 years, I still remember the days around the millennium when I visited the bank office in person to place a stock buy or sell order.
Not so long away, me too - I was on the searches for the best online discount broker.
My online searches found Degiro and Interactive Brokers.
Back when I was looking to open my account, Interactive Brokers asked for a minimum deposit of USD 10,000, which I didn't have at that moment.
And then a blog reader pointed to the Lynx Broker. Actually, I'm using Lynx Broker to this day. As Lynx Broker is affiliated to Interactive Brokers (they use the same TWS platform) - when friends and family asking for recommendation, I just skip the Lynx part (sorry, for that, this is still great broker platform, just the commission fee for the US securities is a bit high, though are very cheap for European securities) - and point straight to the Interactive Brokers, nowadays you can open an account without a minimum capital, and fees are low (some qualify for free)
Disclosure: This article contains affiliate links to the Interactive Brokers website, by clicking on links on this page and by investing with Interactive Brokers, I will earn affiliate income at no cost to you. I'm not a financial advisor and I don't give you any advice here, I'm just sharing my own experience. Investments in stocks, funds, bonds, or cryptos are risk investments and you could lose some or all of your money. Do your due diligence before investing in any kind of asset.
Recently Sebastian contacted me and asked could I give some advice on a platform/broker to use for stock options trading in Georgia
I am French, living also in Georgia.
I am interested in stock option trading as well, I'd like to get started but from Georgia, I haven't found the proper broker for that.
I would be interested to know which platform you use from Georgia and / or your advice on which on to use.
And we could meet one day in Tbilisi, working generally on Terminal coworking space (axis tower near Vake park).
and I shout back:
For options trading, I'm using Dutch Lynx broker (which is a partner of Interactive Brokers).
There is no broker in Georgia I know about offering decent commissions and options trading, the only one I could think about is Galt and Taggart, but not sure they offer options.
Anyhow, as a user of Interactive Brokers I would recommend stick with IBKR.
In case you are looking for a low commission broker - think Interactive Brokers