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How to Choose a Broker?


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How to Choose a Broker?

 
Cisco
Victoria BC
 
Posts: 6 since Mar 2012
Thanks Given: 0
Thanks Received: 1

Hey,

Anyone have advice as to which broker i should set up an account with? I am new and am getting close to going live but need a broker obviously. All i really need is data feed and not too expensive round turn costs for Crude Futures. Any constructive advice and expereince to speak of would be great!

Cheers,

Cisco.


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Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
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What country are you in?

What are you trading?

What platform do you use?

Mike



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 mrphr 
London
 
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This may help:

https://media.futuresmag.com/futuresmag/historical/Issues/2011/December-2011/Documents/Top50_2011.pdf

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Cisco
Victoria BC
 
Posts: 6 since Mar 2012
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Thanks Received: 1


Big Mike View Post
What country are you in?

What are you trading?

What platform do you use?

Mike

Hi Mike,

Crude Oil Futures and i live in Canada, British Columbia. I use Ninja Trader.

Jeremy.

 
Cisco
Victoria BC
 
Posts: 6 since Mar 2012
Thanks Given: 0
Thanks Received: 1

Hi,

Thanks for the reply and link. Link doesn't seem to want to work but i will try and drill down with the info in the link.

Cheers,

Cisco.

 
Cisco
Victoria BC
 
Posts: 6 since Mar 2012
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Thanks Received: 1

I have been trying to set up an account with AMP Global Futures but it seems as though from working through the application process they do not accept accounts with residents from the province of British Columbia. Crappy.

 
init77
Switzerland
 
Posts: 12 since Dec 2011
Thanks Given: 5
Thanks Received: 7



Mmh besides the exchanges they provide access to, it's more or less the FCM financial data that you can get from: Financial Data for FCMs - CFTC

 
 
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 whatnext 
Rockland county , New York
 
Experience: Intermediate
Platform: NT 7
Trading: CL, 6E, SI, ZC
Posts: 230 since Mar 2011
Thanks Given: 338
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If you can't find a broker with a clearing house that will put in writing they won't use your funds in overnight repos or as collateral for third party agreements - I'd pick the biggest you can (also comparing rates/fees).

As some measure of safety you can spread the trading funds over different accounts if your trading software / account size warrants.

"Be right and sit tight." - Jesse Livermore
 
 solondon 
London, UK
 
Experience: Intermediate
Platform: ninja,TS,Meta,Tradeguider
Trading: FX,Metals
Posts: 38 since Sep 2011
Thanks Given: 9
Thanks Received: 6


Any advice for me?, I trade from UK (forex and precious metals), ninjatrader also

thanks
JLo


 



Last Updated on April 16, 2012


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