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fwiw @josh, highly respected FT71 just started a brokerage, posting this on his facebook on
4.3.20, “The launch for my new futures brokerage went off beautifully. Tons of requests and a 20-hour day to make sure every single one is answered. Join us at edgeclear.com "
...facebook.com/futurestrader71/
Notice: Users can experience disconnection issues and lagging market data when using CQG. This can cause risk with trading and there have been many reported incidents reported already. We recommend that new users or users trading the CME group of markets only use the Sierra Chart Order Routing service with Data instead of CQG if you just require CME/CBOT/NYMEX/COMEX trading only. Sierra Chart as of November 1, 2019, will only provide support to CQG users within our discretion. We are not able to help with data lagging issues, disconnection issues, or other types of data issues encountered.
For me it sounds like CQG is not a very reliable platform. In this case a new broker will not help you.
But I have to say I don't know any broker who have had not problems. In some point they all have. Specially Interactive Brokers and it's awful customer service
For any reason those who cannot close their positions I recommend you to call the trade desk. They will close the positions for you. If they also are not able to do it then it's a bit different story.
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Thank you very much for the info about the Futures71's brokerage. Going to check it.
I also have been with them something about 15 years now so it doesn't change the fact that I have had many problems with them.
With AMP none. I have contacted their customer service something like 10 times within last 8 years but every time the problem has been me not them. So...
But as I said they all have problems in some point and I know the day will come for me too This is why I use brokers who have the lowest day trading margin requirements so I do not have to keep any funds in their accounts more than absolutely necessary.
Fortunately my strategies do not need overnight positions which has been a very good thing lately
btw. Mike thank you very much for the best trading forum. Keep going your good work !
The right thing to do is not let anyone trade crude because some people didn't manage their risk? What if I were primarily a crude trader? I'd either not trade, or trade relatively illiquid back month contracts only?
I am brand new to future trading. I was trading currencies before so I was very familiar with MT4 so I was looking for a broker that offers MT5. I ended up choosing AMP. It took me only 4 business days from the day I applied for trading account to take my first trade. So I had a very good experience so far with AMP. Their customer portal is not very good though but I don't spend much time in there anyway.
This is why I use brokers who have the lowest day trading margin requirements so I do not have to keep any funds in their accounts more than absolutely necessary.