I'm in the transition (or at least I would be) from my actual broker and a new one
I'm from Italy, I currently trade through TradeStation and I would be set up a secondary (or a new primary) account for trading futures and forex.
I've already done some research but there are really too many, too many with a lot of bells and whistles and too many with differents opinions ended up to spreading confusion
so, as secondary account, I was oriented to one with :
no platform fees
no inactivity fees
since I'm in Italy i would prefer a broker UK or EU based so I can send SEPA wire
no or at least low wire transfer costs
and of course all the feature one could ask to a future broker
Most of our European brokers take much higher commission then US brokers take.Maybe try a Captrader/Meintrade.They are a IB for .. IB .With German Captrader you got account at Interactive Brokers.Min req to open account is 4k usd/eur and there is no inactivity fee and one withdrawal per month for free.Only commission for some futures are higher then IB takes.With mein trade you got lowest commissions for futures possible.
thanks Tommip for the replay
I know US company take lower commission and maybe some of those has a EU branch (like TradeStation wich has a UK company branch with UK bank account)
I will look into Captrader, but as you wrote, as IB for IB (), they surely charge some more fees
UPDATE: looks like meintrade.com is owned by A & O Management GmbH, a Wealth Manager and Introducing Broker of InteractiveBrokers, with headquarters in Zug, Switzerland.
Based of "Moneyhouse" A & O Management GmbH has a capital of CHF 21'000 and it's currently in liquidation
not really what I was thinking about
Last edited by w4rri0r; November 24th, 2015 at 08:32 AM.
Yes,commissions are little ( somethimes much more then little ) higher then IB itself take.But there is also few goodies - as I say above + free phone orders and you can easy get help.Both via free phone call or chat on site.So they got some pluses and minuses .For me big plus is a free Agena Trader if you make more then 60 euro's commission per month.
Wow I check it out about mein - true !I should suspect that after they not change site from january.Sorry for that !.Probably that low fee's plan killed them