Interactive Brokers is a leading security firm that attracts professional investors from all over the world. It provides a perfect system for various types of investment. Due to its successful management and low commission rate, it is used in more than one hundred markets in many countries.
What makes it unique is that investors can invest in a large variety of securities in all important currencies. In addition, it provides educational material and encourages researchers to do research in financial engineering. What follows are the important benefits of TWS.
- Interactive Brokers offers various trading platforms for its customers. Trader Workstation is one of its favorite trading platforms and is used in more than 150 markets all over the world, providing investment opportunities in stocks, options, bonds, and currencies. It focuses on experienced professional developers who want to increase the functionality of TWS. To get all the advantages of IBKR, you should use TWS.
- TWS helps you automate your trading approaches, fetch market data, and keep track of your portfolio in real-time. Its desktop provides you access to trading and order management tools like real-time quotes, research, and analysis. You can see a summary of future and past readings for stock volatility. Furthermore, you can borrow different stocks through it and see the available number of shares and stocks.
- You can save chart configurations as templates, and whenever you need them, you can reuse them. TWS provides some useful accessories like crosshairs, position indicators, and volume histograms.
- It allows you to choose an order from around 100 types of orders. For example, you can do conditional orders, which enable you to define conditions and requirements that must be fulfilled before the order is submitted.
- You can backtest trading strategies using the backtest settings in the portfolio builder.
- TWS scans all the markets and shows the best-performing assets among all the markets.
- You can see trade history through the Trade Log screen and send it via email. Users looking to download the data can export it to a.txt file before changing it to Excel spreadsheet format.
- The TWSTWSI is used to integrate the TWS platform into existing applications and websites. It enables customers to access stocks, options, forex, and bonds. It provides the opportunity to use various programming languages like Python, Java, or C#.
- It provides hotkeys to make order execution fast. You can make these shortkeys by assigning any keystroke to different actions.
- If you want to make an order after normal trading hours, you should use Outside RTH, which enables you to do so after normal trading hours.
In summary, Interactive Brokers provides an effective and user-friendly platform to perform various trading tasks.