@heywally, yes you right on futures for TD. I was talking equities as I only will be trading equities through TD via ninja. How are you finding the reliability of the datafeed on TOS? I used TOS quite a bit before the acquisition for my option trades but the datafeed was very erratic so stopped using it. It looks like they have improved it quite a bit post acquisition.
I was a bit different in my approach building my IB, I went to actually work for the FCM that I thought would clear my business in the future. I ended up there for almost three years.
Can a broker do more due diligence?
I don't know what else to add as far as what a retail trader can do for due diligence.
Here are the FCMs that I think are trust worthy: Vision, Dorman, Rosenthal and Crossland.
I am not saying that others are bad, I just trust these guys for a variety of reasons.
I trade exclusively via Vision at this point.
PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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I wasn't using TD/TOS very much back then and so can't compare but I'm using TOS as my main platform now and have been for about 2 months, trading mostly individual stocks/ETF's and futures. Near instantaneous executions and the data seems to flow with no problems. Running it on a well sized PC and also, on a MacAir.
Yes, instant is relative and some moves are fake-outs and others aren't. My trading style doesn't require a HFT type response, I just want it to always be running smoothly and very close to the other mainstream feeds I see out there. And, I do put a lot more importance on the brokerage business model and financial position than some others, relative to data speed.
Vision Financial Markets LLC is a member of the Securities Investor Protection Corporation (SIPC) which protects customer accounts for up to $500,000 (of which up to $250,000 may be for cash). This protection does not safeguard against a decline or loss in market value of the securities in your account. For more information, read our Asset Protection Brochure.
Does it mean if any thing happens as PFG or MFG magnitude the accounts will be protected? I am just getting bit nervous .