IBKR lite

[MIGS 3]

IBKR lite at zero commissions for US exchanges seems a no brainer if I'm just going to day trade US Stocks... is there any reason to go Pro ? .  

https://www1.interactivebrokers.com/en/index.php?f=1590 

[Dustin Dunn 6]

If you read the fine print below that at the bottom, there are some restrictions.  Even if you are pro, the commissions are cheap using the tiered structure.  I believe you still have to purchase monthly market data either way.

[MIGS 3]

I’m new to this so I’m most likely missing something....read the fine print....:  Lite limits trading in some of the outside regular trading hours ( OK with me) but I don’t see any other restriction relevant for retail traders.

After combing the BBT site forums and videos I’m still wondering why go pro and pay fees, even if rates are low, if I could trade for free....

About market data....lite includes “free non consolidated, real time streaming data for primary exchanges”....this is optional for pro, so lite even seems to be even better suited for US stocks day trading....?.

 

[Abiel 475]

@MIGS if you want to day trade, see trading platforms provided with Lite: no fast execution, no DAS link, not even IB TWS.

[MIGS 3]

Thanks for clarifying....