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TWS - Trader Workstation
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Convenient App for the Best Brokerage
Powerful web application for the best brokerage out there. Nothing is superior to Interactive Brokers and although it can be buggy at times, TWS is extremely convenient and easy to use for many aspects of my own personal trading.

Keep in mind that it runs on Java and it can slow down your PC a good deal, so it can stress some laptops that are outdated or not powerful enough.

This review is the subjective opinion of an ourinterestingworld member and not of ourinterestingworld LLC
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This review is the subjective opinion of an ourinterestingworld.ru member and not of ourinterestingworld LLC.
PipProfessor NYC, NY

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Easy
I use the webtrader platform. Very easy to use and flexible and user friendly.

I use to mainly short stocks and they always have the best borrows.

I highly recommend.

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This review is the subjective opinion of an ourinterestingworld.ru member and not of ourinterestingworld LLC.

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The best trading platform
It is really flexible and powerful. You can modify it to the point it suits you perfectly. It is also fast as a platform and trades are executed quite fast. The major issue is that it is based on Java, which can take a lot of memory from your computer (so powerful computer - lots of RAM - is recommended).

This review is the subjective opinion of an ourinterestingworld member and not of ourinterestingworld LLC
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Gubo Celje, Slovenia

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Awesome
Great Execution but the TWS is a bitch to learn

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Qtrader Boca Raton, Fl

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Real-time spread sheet for executing trades
Its just a spread sheet that you can update in real-time and make better trades. The charting is bad. The software feels slow. I use it on a daily basis and recommend using it over some web trading interface. You can enable TWS API connect with QuoteTracker or other compatible charting software.

This review is the subjective opinion of an ourinterestingworld member and not of ourinterestingworld LLC
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Dhonn San Diego, CA

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So old fashioned - needs a re-build from the ground up
I really hate TWS - it is ugly as hell, so illogically laid out and the help manuals are next to useless; this software was clearly first designed decades ago and has since been augmented, mucked about with, a bit added here, a thing changed there... basically just cobbled together. It's like someone has built a house without an architect or even a design and just thrown it together using things they have collected along the way.

This is like the web before web 2.0 standards came along! Random mis-matched colours, flashing text, dozens of different menus and ways to do the same thing, in short, utterly perplexing!

I am not speaking about IB as a broker, just the TWS software.

I still can't find a way to default my charts to open with the same indicators on all the charts - each chart has to be done seperately (at least that is what the help guide tells me to do) and if you change the ticker symbol in a chart, again, you have to re-create all the indicators - ludicrous!

I want to use a general blue and red theme instead of the default green and red one (blue for up, red for down) - can I globally configure everything in to that basic request? Nope, each item has to be customized individually and some items can either be all blue or all red (but not dynamic) or the standard green and red (and remain dynamic)

What's baffeling is that this software is clearly laden with advanced tools for expert traders but cannot do the most simple things for newer traders (or experts that want the same things I do!)

Compared with the FXCM software I initially trained on for Forex this is a dinosaur.

If I could afford it, I would use an API from within eSignal 11 as this looks to be the sh*t from what I can tell - totally re-designed for this new era of retail trading, it looks so beautiful! (but it is very expensive...)

TWS - you suck!

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Still hate it!
Having come back to IB for their lower commission rates from OptionsXpress, I value now how much better OX software is (although still hugely flawed) - I have been staring at my IB Trader Workstation for 3 months and still cannot bing myself to face the arduous task of re-learning how to place an order.

It is that grim.

Why won't eSignall11 just sell me their software and lower their prices? I don't want GET, I don't want a hugely costly monthly subscription, I just want a one-off payment for life for the software with free updates for a reasonable price. Then I could use it as the interface to drive all these other horrible broker-provided pieces of software.

Sad : (

This review is the subjective opinion of an ourinterestingworld.ru member and not of ourinterestingworld LLC.

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Looks complicated but has surprisingly intuitive interface
Even though TWS offers like a dozen different tools to execute trades (ChartTrader, BookTrader, AlgoTrader, Order Ticket, etc.), the basic interface is actually quite good in and of itself.

Basically, use the Quote Monitor to create watchlists with stock data. It's a sheet of row-column data much like Excel. To place a trader, you just have to click the bid/ask cells to create an Order Row within the sheet, with numerous order properties like Limit/Mrkt, Lmt Price, Quantity, etc. Transmit to make the order active and cancel the order by deleting the row with the delete key. I use the hotkeys to be a little faster. Much better IMHO to manage orders on this interface than any platform that separates the order placement and the monitoring of outstanding orders.

It's easy to me, forget all the other stuff. IB has a user manual and numerous webinars if you want to use the more exotic execution features like Hidden/Iceberg orders or Sweep orders.

This review is the subjective opinion of an ourinterestingworld member and not of ourinterestingworld LLC
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UCISTAT Orange, CA

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handy little secure iphone trading app
access to accounts on the go is nice.

really nice watchlist feature on this app, can have multiple pages of really fast quotes

only drawback is no options chain, but its easy to add a option contract for viewing in your watchlist.

i can't figure out how to switch between multiple accounts linked to the same user id. there may be a way but i don't think so.

charts are so-so, but great to have in the palm of your hand. i love this app. trades are easy to make, positions are easy to view. open orders are clearly visible too.

This review is the subjective opinion of an ourinterestingworld member and not of ourinterestingworld LLC
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This review is the subjective opinion of an ourinterestingworld.ru member and not of ourinterestingworld LLC.
Danny5 Boston, Massachusetts

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