Global Futures vs. Xpresstrade

Discussion in 'Retail Brokers' started by john.d.dunbar, Feb 28, 2006.

  1. Hi. Has anyone had any experience with Global Futures or Xpresstrade?

    I'm with Xpresstrade right now, and I'm dissatisfied with the dynamic quote server being down a little bit. Considering I have to pay for real-time market data, this is enough to make me consider switching. Also the trading platform is somewhat featureless. I would like to be able to do simple things like have several real-time charts open at the same time.

    I've been trading for a few weeks, doing better than expected scalping comex gold and silver contracts. Only once have I held a contract overnight. I don't really care about low/day margins, 'cause I'm committed to having only 20-25% of equity on margin at any time. My primary concern is getting orders filled fast. So far with xpresstrade I've been averaging 5-30min on NY ACCESS, 2-8min in COMEX RTH. Not sure if this is good or not, but it's forced me to be disciplined and place my exit & stop orders well in advance.

    Is it worth switching to Global Futures? Can anyone compare the two? What other brokers might I consider? And is scalping the right strategy for trading comex gold futures? I'm still scared shitless of going to sleep while I've got money in play.

    Any advice is muchly appreciated.