interactive brokers

Great news! Barron’s just released its always-excellent and comprehensive annual survey of online brokers.Among its overall findings:

• “Commissions on stock transactions dropped at most big firms like Charles Schwab, E*Trade and Fidelity.”
• “New products are proliferating. Investors can now work out complicated options straddles, place orders virtually instantaneously and put their money to work in Singapore or Germany while hedging their bets in dollars or euros or exchange-traded funds.”
• “A number of online brokers improved their rankings over Barron’s 2009 survey by updating their Websites and making key features more accessible.”

Enough of that stuff, on to the rankings:

Barron’s rated the following brokers as the best for long-term investing:

1. Fidelity
2. Charles Schwab
3. OptionsXpress
4. TD*Ameritrade
5. E*Trade
6. Muriel Siebert

And for frequent traders, Barron’s put the following guys on top:

1. MB Trading
2. Lightspeed Trading
3. Interactive Brokers
4. ChoiceTrade
5. Tradestation
6. Thinkorswim

Read the full Barron’s article, which includes additional rankings for options and international trading here.

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