"Beginner Broker" and "day margin" together set off a big red flag for me. I urge any beginner to trade on simulator for months until consistently profitable and then to trade just 1 contract real until consistently profitable and not worry about margins.
These are the exchange costs only for ES and Currency Futures...so it would be interesting to know where the profit is coming from (platform costs?). As a broker, I would love to give these rates where even the FCM does not make a profit.
If these were true rates, I might as well close shop now.
PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
Last edited by mattz; October 25th, 2010 at 01:29 PM.
Reason: additional info
The quality of Global Futures datafeed ( maybe is the Patsytem ) is the worst in the industry.In the six years using Strategy Runner for system trading account only, the disconnections and system down were about once a week at the beginning and is getting worst, to an occurance of 3 times per week. Had to close the account.
Their Tech Support is very indifferent and ignorant to these system down events and does not care that the client trader loose money while trading live. Many times they failed to communicate ,don't even follow up or investigate why the servers were down. So if you have a stop loss on an open position the Strategy Runner will never notify in advance if there is going to be a change in server of any other system down reasons. Strategy Runner Support does not give a reason or excuse for server down events either, they simply don't give a flying f*ck.
New Trader beware and try to avoid them like the plague !
Just ran across this and have to totally disagree...I've had an account there for about 7 years and rarely had a problem ( I don't use strategy runner though) and when ever I spoke with them about anything they were right on it
I stopped using global futures. -
through using Global futures i was using a platform called global zen trader, which was free and built off of the oec platform. The software was ok, just didn't have as great of indicators or market replay like NT. also oec raised their margins on TF to 1650! So i wanted to switch to NT through global futures but it just seemed weird that i had 2 brokers, using Amp global with ninjatrader, through global futures. I called amp up and they told me that a lot of people figured this out and have switched to amp because global futures couldn't help them with technical problems of NT that amp could. I guess 'introducing brokers' are ok for people just starting out who want to try different softwares, But i already know what i like and thats ninja trader. So sorry for the confusion. I don't mean to be a hypocrite and ditch global because there's nothing inherently wrong with them, I just don't like dealing with middle men.
Last edited by sidney7g; September 15th, 2011 at 05:34 PM.
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