X_Trader $3.30 Total Round Turn

Quote from Boomer:



what is a better platform between tws and j-trader? why?
More...

I have used both platforms and there is a "feel" that is different on J-Trader verses TWS.

I have read the following reasons quoted below:
  • TWS has the form of feed that reports as a snapshot (very fast though) where jtrader shows the flow in realtime...but during high volume may not be able to keep up.
  • J-Trader has a unique waterfall type of DOM feature.
  • Various front-ends available for TWS which J-Trader is not compatible with (yet)
  • Some brokerages charge a platform fee for J-Trader ranging from $0.00/mo.-$650.00/ mo.

I am not going to comment on the issue of reliability and downtime....I will let others address this, as I think it is different for each trader.

But I am curious to the comparison of xtrader and the proprietary ffasttrade platform.

Michael B.
 
Quote from Boomer:



what is a better platform between tws and j-trader? why?
More...

I had mentioned that i am not trading futures, so i wanted
you and ET members to answer this.

But i have read from this forums, seems more members
approve J-trader, why? i don't know yet
 
Quote from ElectricSavant:



I have used both platforms and there is a "feel" that is different on J-Trader verses TWS.

I have read the following reasons quoted below:
  • TWS has the form of feed that reports as a snapshot (very fast though) where jtrader shows the flow in realtime...but during high volume may not be able to keep up.
  • J-Trader has a unique waterfall type of DOM feature.
  • Various front-ends available for TWS which J-Trader is not compatible with (yet)
  • Some brokerages charge a platform fee for J-Trader ranging from $0.00/mo.-$650.00/ mo.

I am not going to comment on the issue of reliability and downtime....I will let others address this, as I think it is different for each trader.

But I am curious to the comparison of xtrader and the proprietary ffasttrade platform.

Michael B.
More...

I had read earlier that TWS has more downtime, and from what you have stated i think majority traders will be going for J-trader
plateform if it havn't been because of IB brokerage account.

Charges for J-traders shouldn't be more than 250$ per monthe, with X-trader 650$.
 
But one very big advantage for using IB over any broker that offers J-Trader is :

Your IB account can be held in many currencies and is SIPC insured.

Perhaps this doesn't make a difference if you put up $5K but I don't want to lose $50K (or more) because of financial problems on the side of my broker / clearing firm.
 
Quote from H2O:

But one very big advantage for using IB over any broker that offers J-Trader is :

Your IB account can be held in many currencies and is SIPC insured.

Perhaps this doesn't make a difference if you put up $5K but I don't want to lose $50K (or more) because of financial problems on the side of my broker / clearing firm.
More...

Well, according to the rules, brokerages must keep customer funds in segregated accounts. But I know personally that when things go bad this is not always the case, if there is fraud involved. I was a client of Futurewise, who was shut down and fortunately I pulled out in time.

Michael B.
 
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