You might want to check out http://ascendtrading.com as well Same commision structure as advancedfutures, I think.
Do they their commissions exclude exchange fees ? Would be an additional 2.42 $ per roundturn for E-Minis.
Advanced Futures charges $2.45 per side for the E-minis (including all exchange fees). ______________________ www.advancedfutures.com
This is not to say that Advanced Futures isn't reasonably priced, but their advertised price of $4.90 per round turn leaves out a critical piece of information. That is, using the J-Trader platform you must either pay an additional $525 per month or pay an additional $1 per round turn. So practically speaking, for many people, their $4.90 per round turn is really $5.90 per round turn (or $2.95 per side). Like I said, still a very decent price, but not quite as competitive with brokers like IB.
Magna, You did a very good job describing our pricing. Our trading platforms: J-Trader(Patsystems) and X_Trader (Trading Technologies) are by far the top platforms in the industry.
Can anybody tell me about Fastfill for the futures? I heard at a daytraders meeting last Saturday that they have very low execution costs, but their website is not terribly informative. Can anyone enlighten me? Thanks, Tasuki
I would completely disagree. Many of the top institutions, hedge funds and largest banks use IB as well. Each platform will have its pros and cons. I know of ex-Pats and TT traders using IB who rave about the IB platform. If there platforms are so good, why is there intalled bases so low? BTW, I'm not going out and saying the IB platform is "by far" the best out there. Personally I don't know since I haven't tried or seen all the available platforms. All I know is that with IB, I can consistantly enter an order with an accurate price and size then send it to the exchange in a flash.