Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
@Big Mike , given your comment, i know for a fact that Optimus/Mattz is a good broker but Optimus uses Vision as FCM. Does it mean that you put optimus and Vision on the same level?
Can you help answer these questions from other members on NexusFi?
I really cannot imagine that Mike meant it that way, and as I already mentioned in another thread, I can sleep well as long as Matt doesn't advise me to change anything...
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
I like Optimus Futures and @mattz a lot and think he does a lot of good in the industry. But he clears through Vision, and with the recent NFA action, it means that will be changing. The relationship between FCM and IB is important. So even if @mattz is fantastic, an important part of his business relies on Vision which has just had a big hit to their reputation. I don't personally believe funds are at risk over what has happened, but I do believe the industry as a whole should do better and be more transparent.
THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
I certainly agree those factors have importance, for instance wanting to avoid an FCM that has very little excess capital. But I don't think the reverse (large excess) means they are good and/or safe. Most are, sure, but it isn't a given. Just look at past failures and what they showed on this report right before they imploded.
I think that's why it is even more important to get a feel for how a company is being run. Management is what is really important, and they set the tone for what is acceptable business practices in their organization.
I am not here to defend anyone, rather to say that I want to stand by those who have helped me.
Our communications are with the operation inside VFM, and these people have been incredibly helpful to us when it comes to tech support. We have applied the same philosophy when people were going nuts on Ninja during the Ninja debacle with the BigTick. We stick by those who helped us! Maybe some should apply this philosophy in their belief system and not justify it on the old "business is business".
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
I recently withdrew my funds from my account through Matt for personal reasons. But now that I ready to get back to trading I refunded my account even though Matt clears through Vision. I too have complete confidence that Matt will do everything possible to secure my money.
I appreciate the vote of confidence, however your funds are segregated at Vision. Just as an FYI, post the PFG scenario today the regulators have direct electronic access to check account balances for segregation. We at Optimus sent funds in and out as per customers requests without delay or any issue.
Matt
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
I could not find amp on this website. Looks like after 15th July, we will not have much choices. only six brokers are listed here. From them clear is in different language, I could not understand. I checked thoroughly ib and gain capital, nowhere ninjatrader is mentioned. So not much choices we can have? So is it true that after 15th July, if we want ninjatrader only through these six brokers and ninjatrader itself it will be available?
This is probably unfair to ask, but I am going to ask anyway in an effort to see if I can get to a warm and fuzzy place. During the Mirus/Zenfire mess, Mirus did a very poor job of handling things. They did not answer their phone. They did not answer e-mails and if they did it was a week or more delay and then it was just a form letter instead of something that answered the actually e-mail sent. After a bit they did not even answer the phone on their trade desk. The question I have is are the people that made the decision to handle things in this poor manner still there? If they are, how do I know that the next major problem will not be handled in the same manner?
Your honest response would be very much appreciated. Thanks!
