L
lukas
Actually, Dorman offers worse terms (both commission rate and margin) directly than through TF4Less
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
Last edited:
Call them, or send a message to the AMP peeps here. Or do their online support thingy.
I think Sierra package 3 will be a better choice most of the time.
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.