Information about Interactive Brokers Trader Workstation und das Gateway

What is Trader Workstation (TWS) ?

TWS is a Java based application for Windows, MacOS and Linux to trade an Interactive Brokers (IBKR) account.

 

Do i need to install Java ?

No.  TWS comes with its own Java runtime.

 

What is the difference to Gateway ?

The Gateway is a slim application for the purpose only to connect so called API clients to IBKRs backend.  It is not possible to manually place orders or to retrieve account data, etc.  Just a gateway for API clients.

An example for an API client is our MetaTrader Interactive Brokers Order Copier