Anybody use Xpresstrade?

Question

I am considering them to learn futures and options. I like that there are no platform or data feed fees. But would like to know the bad side. Any thoughts?

Answer 1

I haven't used this company before, but I have used several. The only thing that I worry about when using a low cost company is execution time on orders. With a good company (maybe more expensive), my trade is executed in seconds of entering the order. With less expensive companies, sometimes the execution time is much slower. This can cost you alot more money if you are actively trading than a higher fee per transaction.