Choice,Rush and MBT

Discussion in 'Options' started by milstar, Nov 30, 2005.

  1. milstar

    milstar

    Gentlemen

    Author is not resident of USA ,can you compare 3 brokers from
    different USA parts ?

    Choicetrade -NJ
    Rush - Texas ,Dallas
    MBT -California

    Platform MBT without reserved htttp version ,only downloading . Choice and Rush different direct and web
    based . Choice not offer E-mini . Rush more expensiv .

    Choice www side have regulary problem from different internet
    access.


    Any comment would appreciated .
     
  2. milstar

    milstar

    Gentlemen

    One of ET member wrote in private message to author


    I never used MBT. I believe the following about CHoicetrade:

    Choicetrade has the fastest customer service via email I think.
    Choicetrade's rates for options and stocks are cheaper than MBT.
    Choiectrade has API FIX on Direct Pro.
    Choicetrade maintenance requirement is 25% for stocks.
    Choicetrade recognizes all option strategies for margin requirements.
    Choicetrade does not have FOREX, futures.
    You can have 4 order boxes on the screen at the same time with Choicetrade Direct Pro, and therefore no need to place orders as spreads.

    ##############

    Author comment ,if you going to MBT with volume of operations ,which must be performed per month
    for Choicetrade offer 3000-5000 per month ,commission offer would essentialy the same.About platform of CT to date have not
    complex opinion.Must test more .

    Your respectfully milstar
     
  3. Hi Milstar
    As another non resident Alien trading only US equity& options markets I 'll add my few cents.
    I assume you are a high volume intra day Stocks only trader?
    I trade mostly options with a bit of stock day trading .
    In the past I have used Dreyfus extensively(sold to Brown>then to JP Morgan) & Mr.Stock.com,Datek etc.
    Now I use OptionsXpress.$9.99 (one way) for 1000 shares.
    For options -$Min 15 for 10 contracts or less.Above that $1.5/contract.
    For non US customers they are operating thro OXPS Canada.So they are are not offering Spot Forex/futures yet! Considering IB because they offer all in one.
    But No complaints about OXPS on customer service & a reliable platform. Want to keep all my equity in one brokerage.
    I badly need a broker with spot forex/futures/equity & options with the right pricing. Used for quite some time TD waterhouse's Singapore subsdiary (With DBS Bank) but they were gouging me with $ 30 min brokerage.ET Hongkong branch offers all the US products at a significantly higher priced commision!Using a Asian Big bank now for spot forex & bullion.But higher spreads & no internet platform.So have to make voice calls to place the trade!
    Any suggestions welcome.
    sammy