what a horrible deal, if you go to http://www.velocityfutures.com/commisions_schedule.html look at their prices, much better deal over all.
Drop the rate to $4 r/t and the minimum contracts to 100 and I'll sign up I'll even cover my own eSignal expense -Fast
Doing the math ... FFASTRADE 1200 trades = $3.32 x 1200 + $550 = $4534.00 You GUYS = 1200 trades = $4.50 x 1200 = $5400 the difference = $866 you give us eSignal (worth $130) the difference of $736 could (a) take me and the wife on vacation (b) pay for over priced self employed insurance (c) pay my mortgage note plus - I won't get slammed if I drop under the 1200 per month, even if I do 1500 one month, make the big bucks, and then fly off to the Caribbean to celebrate - and that equals another $650 + $130, (thanks alot)
db, the real question is the comparision of ffast trade platform to X trader--cost is irrelevant for a high volume trader.. surfer
Surf, my man, That argument I need to leave to the experts who have experienced both platforms. I found FFASTTRADE's protrader demo to be quick, sleek, very easy to enter my trades, and stable on my PC. All things being equal .... is the platform worth the extra $736 every month plus the added pressure of making the quotas of 60 rt per day to avoid another $780 from being slapped down on my head???? Just an opinion from someone who deals with VALUATIONS all day, n'est pas? Caio.
Fixed platform cost, yes, but commission cost is very relevant to a high volume trader. And different platforms are offered by different IB's with different commissions.
what size per trade are yall using when using these high end platforms. i am just trying to get a feel for platforms, and wanted to know the contract size a trade, and avg # of trades a day. thanks.
commission costs will eat your lunch when you are down Let's take this further -- say I am really active, I trade 10 contracts a turn and scalp ... (10-20 times a day would not be hard to do) ... a lower variable cost of $1.18 adds up to real money very quickly - over $100 per day at this rate of churn. And that folks is an expensive lunch Lower commissions
Futures Traders who are using J-Trader(Patsytems) can use the J-Trader for $4.50 Per Round Turn Advanced Futures will pay the $525 monthly cost Free eSignal 60 Round Turns Per Day