X-Trader with no monthly fee! New Transactional Model.
- Thread starter Richard_Gfetc
- Start date
Richard_Gfetc
Global Futures Exchange <br>& Trading Company
Version: 6.14.3
Richard_Gfetc
Global Futures Exchange <br>& Trading Company
It is the only version of X-Trader that we and most offer. We do not offer version 7 yet.
Our transactional model is the same platform that offer to monthly subscribers. On the transactional model you are limited to 1 exchange.
Our transactional model is the same platform that offer to monthly subscribers. On the transactional model you are limited to 1 exchange.
Richard_Gfetc
Global Futures Exchange <br>& Trading Company
We do not offer this connection.
Do to some final legal and administrative technicalities we do not offer it as of yet. You can contact me directly by phone or email at 1-866-758-3015, RCalderon@GlobalFutures.com and I will surely notify you if/when I can offer it to you.
Do to some final legal and administrative technicalities we do not offer it as of yet. You can contact me directly by phone or email at 1-866-758-3015, RCalderon@GlobalFutures.com and I will surely notify you if/when I can offer it to you.
'watered down'...?!...you are so ready to criticize other brokers offer that you don't know that the 6.14.x is the version currently used by most prop traders, hedge funds, etc around the world.
Nitro,
You seem to be a knowledgeable IT-type trader. I believe the X-trader advantage is not only in its software per-se, but also in their TT feed, which is far superior to IB. Not only is it tick by tick, so that (if your machine is fast enough) you should catch every tick of the market, but it is also lightening fast. This Wednesday, the markets were about as erratic as I've seen them, flying all over the place. I had 5 MD-trader (that's the X-trader DOM) windows open (as I always do), and it was flawless, not missing a tick and never falling behind.
As a platform, X-trader may not have a lot of bells and whistles, but it is ROCK SOLID. I have been using X-trader for 2 or 3 years now. I currently trade between 1,000-2,000 contracts per month. And I have NEVER had a software based issue. Perhaps X-trader screws up, but I have never seen it happen. No questionable fills, strange crashes, nothing. For a 1-lot trader starting out, the transaction-based fees these firms are offering are, IMHO, a STEAL. (They're actually $0.05 cheaper than IB per rt, for a platform that is vastly superior. Edit: I guess with unbundled pricing, IB would come in $0.02 cheaper.)
I'm not knocking IB -- if you require equities, forex, and all the other exotic stuff they offer, I imagine they are the best choice.
But if someone is looking to learn how to trade e-minis, currency futures, bonds, DAX, or whatever, I can't imagine why he wouldn't opt for X-trader over IB.
As far as shelling out $500-$700 for the platform, remember this: At that price (I pay $700) I believe you are getting a commission rate that is far cheaper than IB. For instance, say I do 1,500 rt per month. At IB, I believe I would be paying $3.62. At my current firm, I'm paying $3.00. With 1,500 rt I'm actually saving myself about $150 / month after paying my platform fee. At 2,000 / month, I'd be saving about $500. At 5,000 / month, I'd be saving about $2,300! You get my point.
Put X-trader side by side with your favourite IB front end some time (especially when the markets are moving fast) and tell me if you see the difference. (I don't mean this as a challenge -- I'm truly curious.)
You seem to be a knowledgeable IT-type trader. I believe the X-trader advantage is not only in its software per-se, but also in their TT feed, which is far superior to IB. Not only is it tick by tick, so that (if your machine is fast enough) you should catch every tick of the market, but it is also lightening fast. This Wednesday, the markets were about as erratic as I've seen them, flying all over the place. I had 5 MD-trader (that's the X-trader DOM) windows open (as I always do), and it was flawless, not missing a tick and never falling behind.
As a platform, X-trader may not have a lot of bells and whistles, but it is ROCK SOLID. I have been using X-trader for 2 or 3 years now. I currently trade between 1,000-2,000 contracts per month. And I have NEVER had a software based issue. Perhaps X-trader screws up, but I have never seen it happen. No questionable fills, strange crashes, nothing. For a 1-lot trader starting out, the transaction-based fees these firms are offering are, IMHO, a STEAL. (They're actually $0.05 cheaper than IB per rt, for a platform that is vastly superior. Edit: I guess with unbundled pricing, IB would come in $0.02 cheaper.)
I'm not knocking IB -- if you require equities, forex, and all the other exotic stuff they offer, I imagine they are the best choice.
But if someone is looking to learn how to trade e-minis, currency futures, bonds, DAX, or whatever, I can't imagine why he wouldn't opt for X-trader over IB.
As far as shelling out $500-$700 for the platform, remember this: At that price (I pay $700) I believe you are getting a commission rate that is far cheaper than IB. For instance, say I do 1,500 rt per month. At IB, I believe I would be paying $3.62. At my current firm, I'm paying $3.00. With 1,500 rt I'm actually saving myself about $150 / month after paying my platform fee. At 2,000 / month, I'd be saving about $500. At 5,000 / month, I'd be saving about $2,300! You get my point.
Put X-trader side by side with your favourite IB front end some time (especially when the markets are moving fast) and tell me if you see the difference. (I don't mean this as a challenge -- I'm truly curious.)
Good info paprika. I would like to compare them myself. Have you tested your ping times to your broker or the gateway xtrader connects to, I'd be curious. BTW what broker are you using?