newbie is looking for a broker

Originally posted by Breakout




I use IB...ES emini fills in a second or less on a 56K modem.
No complaints here...

:D
More...

Yeah, but their software.... :( For a scalper who makes 50+ RTs a day (like me) it's impossible to get the desired price every time.
 
Advanced Futures, with the fastest execution at the lowest prices for day traders. $4.90 Round Turn; this is unique to the industry.
2 Platforms to choose from. X_Trader by Trading Technologies
and J-Trader by Patsystems.
Advanced Futures mission is to facilitate the trading of the electronic futures markets as efficiently and most cost effectively as possible.

____________________
www.advancedfutures.com
 
Mr. Hyman,
I've not commented on any of your posts of yet but your statement is misleading, incorrect and I'll not let it stand w/o comment:

1. IB's round turn is $4.80 - no additional charges. (you have additional charges for both platforms beginning at $1 per turn or additional fees that start at $500 per month). Thus $5.90 would be more like it.

2. Your speed is not faster than IB's. Perhaps it is compatable but if you are going to make blanket statements - like fastest exectutions - back it up with facts and figures.

def
www.interactivebrokers.com
 
looking at the title of the thread: " newbie looking for broker"...

I think the added value around the services is far more important than the commish at this point of your new trading adventure...

realtime support, after hours access, cahrts, news, educational and easy to use software.

We try to that the best we can including a client newsletter dedicated to mini traders at:

www.e-mini.com
 
DEF; thank you. i am glad that a person who has the respect of readers of this board is standing up and trying to set the record straight that all these other "joker brokers" try and confuse traders about.
 
I have nothing negative to say about any broker including
Interactive Brokers. I have heard from many traders that
IB's system is very good.
I will say that Advanced Futures does not try to confuse traders.
I'll also say that the platforms that Advanced Futures uses are used by the top Professional Traders and the largest institutions
in the world.
You do get what you pay for. Advanced Futures uses the top
Clearing Firms, we do have a very competitive rate and two of the top platforms in the Futures Industry.

Mark Hyman
mhyman@advancedfutures.com

_____________________
www.advancedfutures.com
 
haha - this is a funny thread.

looks like your biggest concern should be whether your software and broker will be around next week.....

patsystems just released their 1/4ly results - they have a massive ....wait for it....29 billable clients ...up from 26 last year! and they lost 2.7m pounds, And they have 20m cash left.....tick tock tick tock....

and they just sold there 40% stake in elocal for a whooping $800,000 .....so elocal is worth a whopping $2m !!!!
 
A question for those who know..

If IB charge $4.80 per RT for 1 contract.

e-Local charge $4.90 per RT too, but no volume quota.

Isn't it cheaper with e-Local if you do 2 contract per side?
 
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