I have used both platforms and there is a "feel" that is different on J-Trader verses TWS. I have read the following reasons quoted below: TWS has the form of feed that reports as a snapshot (very fast though) where jtrader shows the flow in realtime...but during high volume may not be able to keep up. J-Trader has a unique waterfall type of DOM feature. Various front-ends available for TWS which J-Trader is not compatible with (yet) Some brokerages charge a platform fee for J-Trader ranging from $0.00/mo.-$650.00/ mo. I am not going to comment on the issue of reliability and downtime....I will let others address this, as I think it is different for each trader. But I am curious to the comparison of xtrader and the proprietary ffasttrade platform. Michael B.
I had mentioned that i am not trading futures, so i wanted you and ET members to answer this. But i have read from this forums, seems more members approve J-trader, why? i don't know yet
I had read earlier that TWS has more downtime, and from what you have stated i think majority traders will be going for J-trader plateform if it havn't been because of IB brokerage account. Charges for J-traders shouldn't be more than 250$ per monthe, with X-trader 650$.
But one very big advantage for using IB over any broker that offers J-Trader is : Your IB account can be held in many currencies and is SIPC insured. Perhaps this doesn't make a difference if you put up $5K but I don't want to lose $50K (or more) because of financial problems on the side of my broker / clearing firm.
Well, according to the rules, brokerages must keep customer funds in segregated accounts. But I know personally that when things go bad this is not always the case, if there is fraud involved. I was a client of Futurewise, who was shut down and fortunately I pulled out in time. Michael B.