as far as the costs, I'm not going to argue about $0.01 difference per side or whatever it is you were quoted given your turnover. as far as the margins, how do you think it is possible for their IB to offer lower margin and them not? The answer is that you're probably comparing apples to oranges. For example if you decide to use Rithmic execution then the margins are at preset (by Rithmic) levels and Dorman keeps it that way. That's what you probably see on T4Less. With other feeds the risk controls might be different, so do margins. I have nothing negative to say about T4less, that guy owns several IB websites, never used his service. He is Dorman's guaranteed IB though. I just simply decided that if I'm going to clear through their FCM, why not checking out their own in-house brokerage. John & Bill are quick to respond and while initially they quoted me higher margins (still perfectly fine) it turned out that with Rithmic they are preset at those crazy low levels already. Of course AMP is going to beat them all on margins.
TF4L very recently got taken over by "Stage 5" so no need to worry. TF4L allow spreading, but unlike AMP they don't offer free multicharts which connects into Jigsaw
WOW,,, AMP has a ton of free platforms... what do you guys like for Futures... I want a trade from chart with bracket orders...
I am filling out the online application and switching to AMP... yes the pricing is the best, but what really sold me is the customer service I have already received. They are easy to get on the phone or for online chat to answer questions.
I like them. Every time I call with a question, I push the button on the phone to connect to CS, and this is invariably what I hear on the other end... "Your estimated wait time is...", and poof, there is a live person on the other end with "Hello"? I love that. The estimated wait time is negative seconds. That is neat. Like Star Trek time-warp neat.
yes.... mucho good... and the screen share deal is awesome... alot of my current questions are to setup my platform... price is great... but honestly I would pay more for great customer service...