How does eFloorTrade compare with IB (as a futures broker)? Here's what I've been told so far about eFloorTrade: - $5.95/RT if $20,000 in account (cleared by GNI) - $13/RT if less than $20,000 (cleared by Man) - no other fees - J-Trader used for executions - fast quotes and fills (1 second) - access to international markets - APIs for automated trading - have been in existence about 1.5 years Can anyone confirm or add to this info? How does J-Trader compare to TWS? What's the catch? Thanks!
I just called them to confirm, the $5.95 R/T does not include clearing fees and that it would be an additional $2.32 for the emini's. Take a look at http://www.elocaltrading.com - $3 + 2.32 fees r/t - $7.5K minimum balance - J-Trader platform - Must have minimum of $500 in commissions. Bob
oOH GREAT TRANSPARENCY! min $500/mo of commish! at least with IB you don't start to ask yourself whether you are a sucker feeding some crooked futures broker.
For sake of clarity, eFloorTrade and eLocalTrading are completely different brokers, with the rates described above, who happen to both use J-Trader as their execution platform.
take a look at www.elocaltrading.com They've done away with the $500 monthly commission minimum. They offer fair rates with volume discounts and I've heard that their J-TRADER electronic access and their customer service blows away IB's
jgan: So what are eLocal's latest rates (having apparently changed from just last week when I talked to them)? Has anyone been using both J-Trader and IB's TWS? How do these compare? (Other than fact that IB now charges for quotes, while these other brokers do not...)
dkamp: âHas anyone been using both J-Trader and IB's TWS? How do these compare?â Iâve run side-by-side tests. If youâre interested in my comments: http://www.elitetrader.com/vb/showthread.php?s=&postid=25693#post25693 http://www.elitetrader.com/vb/showthread.php?s=&postid=25742#post25742
Just a reminder... not all J-Trader platforms are created equal! The performance of J-Trader depends on the FMC that hosts it... so when we're comparing J-Trader, we should qualify who's infrastructure the platform is on. From my experience, J-Trader on PMB is good but the one offered by Man sucks... tymjr, you seem to like your J-Trader over IB, who's platform was it on?
Has anyone here actually tried elocal? I am thinking about opening a backup account with them and would really appreciate some comments about their service/attitude/integrity, etc. - especially from people who have had firsthand experience in dealing with them. Thanks.
For those interested, it looks like the PMB/PropTrader site has a good, downloadable manual for J-Trader. Okay, so any thoughts on which of above is best J-Trader based broker (PMB vs. eLocal vs. eFloor)? What are PMB's rates?