Account settings and market data are based in the cloud, so customers can log into, and trade from, any of Tradiers developer partners. Using an application programming interface , front-end designers can launch their own trading platforms, mobile apps, algorithmic trading systems, or other customized features for their customers. We will note in the next section whether a standalone technical analysis site can be bolted onto Tradiers brokerage management platform, enabling transactions while using analytical tools. Extensively customizable charting is offered on all of Interactive Brokers platforms and includes hundreds of indicators and real-time streaming data.
For example, speed of execution might be the most important thing to you, but you might choose a broker with slower execution speed in order to get proprietary market research and a more powerful trading platform. In some cases they may open and close a position in a matter of minutes. And they could place dozens of trades in a single trading session. These fast trades typically generate small profits for the trader, which is why they will use leverage to increase the potential profits. Making $1 on a trade isnt so great, but if you place 25 trades in a single day and you leverage those trades by a multiplier of five or 10, you can make a decent profit.