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ANNOUNCING ECHOfutures
- Thread starter LA ECHO
- Start date
and to think, I was too dumb to make it as an options trader and I'm still in the top 10%.Originally posted by TriPack
I had a feeling it was per side and not per round turn:
The pricing is competitive with that of IB.
OOOOOOkayyy, here goes, yes, that's where the 59 cents comes in. 2.99 minus 2.40 that's 9 minus zero, 9 minus 4, so that makes when you line them all up, 59 cents, and THEN a round turn (here's a simple way to do it, take your sides times 2) so that makes .59 x 2 equals $1.18. And if you only do 100 per day, that's only $118 difference per day.
So besides the $118 difference times 5 which equals 590 (not counting Martin Luther King's Birthday times 50 (not includiong the two week vacation (which is UNPAID by the way)) that makes about 30k per year, so yes other than that, they are competitive.
From echotradeonline website:
Products Available through ECHOfutures
ECHOfutures, through the J-Trader platform, provides our traders 24 hour a day and 6 days a week access to ALL products listed on the world's largest futures exchanges: CHICAGO MERCANTILE EXCHANGE, CHICAGO BOARD OF TRADE, EUREX and LIFFE. We are also connected to OneChicago, LLC for their November launch of Single Stock Futures.
Pricing
Per contact pricing is $2.99 per side, or $5.98 per round turn. There are NO other transaction costs for your trading. The J-Trader platform, with real-time futures data, is provided at NO cost.
According to the above you get
1) access to ALL products on ALL the exchanges
2) j-trader
3) 2.99 per side
4) no exchanges fees, no other fees.
This is pretty good, if it is true --- Is it?
Products Available through ECHOfutures
ECHOfutures, through the J-Trader platform, provides our traders 24 hour a day and 6 days a week access to ALL products listed on the world's largest futures exchanges: CHICAGO MERCANTILE EXCHANGE, CHICAGO BOARD OF TRADE, EUREX and LIFFE. We are also connected to OneChicago, LLC for their November launch of Single Stock Futures.
Pricing
Per contact pricing is $2.99 per side, or $5.98 per round turn. There are NO other transaction costs for your trading. The J-Trader platform, with real-time futures data, is provided at NO cost.
According to the above you get
1) access to ALL products on ALL the exchanges
2) j-trader
3) 2.99 per side
4) no exchanges fees, no other fees.
This is pretty good, if it is true --- Is it?
Originally posted by profitseer
and to think, I was too dumb to make it as an options trader and I'm still in the top 10%.
OOOOOOkayyy, here goes, yes, that's where the 59 cents comes in. 2.99 minus 2.40 that's 9 minus zero, 9 minus 4, so that makes when you line them all up, 59 cents, and THEN a round turn (here's a simple way to do it, take your sides times 2) so that makes .59 x 2 equals $1.18. And if you only do 100 per day, that's only $118 difference per day.
So besides the $118 difference times 5 which equals 590 (not counting Martin Luther King's Birthday times 50 (not includiong the two week vacation (which is UNPAID by the way)) that makes about 30k per year, so yes other than that, they are competitive.
It's been one of those days for me... I was thinking Globex fees for some reason.
Originally posted by profitseer
2.99 minus 2.40 = .59 times 100 rts = $118 times 5 = 590 times 50=$29500 per year.
What else did you say they offer?
Please see my previous post on another thread
Originally posted by vonk
From echotradeonline website:
Products Available through ECHOfutures
ECHOfutures, through the J-Trader platform, provides our traders 24 hour a day and 6 days a week access to ALL products listed on the world's largest futures exchanges: CHICAGO MERCANTILE EXCHANGE, CHICAGO BOARD OF TRADE, EUREX and LIFFE. We are also connected to OneChicago, LLC for their November launch of Single Stock Futures.
Pricing
Per contact pricing is $2.99 per side, or $5.98 per round turn. There are NO other transaction costs for your trading. The J-Trader platform, with real-time futures data, is provided at NO cost.
According to the above you get
1) access to ALL products on ALL the exchanges
2) j-trader
3) 2.99 per side
4) no exchanges fees, no other fees.
This is pretty good, if it is true --- Is it?
Every word, and extra leverage too!