eFloorTrade vs. IB?

  • Thread starter Thread starter dkamp
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dkamp

How does eFloorTrade compare with IB (as a futures broker)?

Here's what I've been told so far about eFloorTrade:

- $5.95/RT if $20,000 in account (cleared by GNI)
- $13/RT if less than $20,000 (cleared by Man)
- no other fees
- J-Trader used for executions
- fast quotes and fills (1 second)
- access to international markets
- APIs for automated trading
- have been in existence about 1.5 years

Can anyone confirm or add to this info?
How does J-Trader compare to TWS?
What's the catch?

Thanks!
 
Originally posted by dkamp
- $5.95/RT if $20,000 in account (cleared by GNI)
- $13/RT if less than $20,000 (cleared by Man)
- no other fees
More...

I just called them to confirm, the $5.95 R/T does not include clearing fees and that it would be an additional $2.32 for the emini's.

Take a look at http://www.elocaltrading.com

- $3 + 2.32 fees r/t
- $7.5K minimum balance
- J-Trader platform
- Must have minimum of $500 in commissions.

Bob
 
oOH GREAT TRANSPARENCY!
min $500/mo of commish! at least with IB you don't start to ask yourself whether you are a sucker feeding some crooked futures broker.
 
For sake of clarity, eFloorTrade and eLocalTrading are completely different brokers, with the rates described above, who happen to both use J-Trader as their execution platform.
 
take a look at www.elocaltrading.com

They've done away with the $500 monthly commission minimum.
They offer fair rates with volume discounts and I've heard that their J-TRADER electronic access and their customer service blows away IB's
 
jgan: So what are eLocal's latest rates (having apparently changed from just last week when I talked to them)?

Has anyone been using both J-Trader and IB's TWS? How do these compare? (Other than fact that IB now charges for quotes, while these other brokers do not...)
 
Just a reminder... not all J-Trader platforms are created equal!

The performance of J-Trader depends on the FMC that hosts it... so when we're comparing J-Trader, we should qualify who's infrastructure the platform is on.

From my experience, J-Trader on PMB is good but the one offered by Man sucks...

tymjr, you seem to like your J-Trader over IB, who's platform was it on?
 
Has anyone here actually tried elocal?

I am thinking about opening a backup account with them and would really appreciate some comments about their service/attitude/integrity, etc. - especially from people who have had firsthand experience in dealing with them.

Thanks.
 
For those interested, it looks like the PMB/PropTrader site has a good, downloadable manual for J-Trader.

Okay, so any thoughts on which of above is best J-Trader based broker (PMB vs. eLocal vs. eFloor)? What are PMB's rates?
 
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