I would pick Howard Lender. I've spoken to him and he is the real deal and he is also the least expensive as well. The only reason I don't use him is the historical data issue which his data feed (at the time anyway) wasn't what I needed.
Deep Discount Trading, a Crossland subsidiary, is highly reputable, their low margins notwithstanding. And Howard Lender will treat you the same if you have $2500 or $1 million in margin. I've yet to find anyone as responsive and dedicated to customer service as him. Very highly recommended.
Oh, and if you have a lifetime, multi-broker Ninja license, the historical data provided on the TT connection is ZenFire's (which is Rithmic's). That's a little secret I found out from NT support.
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That's good. But look at the OP's profile:
"Broker/Data: looking for the cheapest one"
This is a clear sign of someone who doesn't know better. I'm just trying to tell him he needs to completely reconsider his entire trading plan, because he doesn't appear to know what he is doing.
I'm creating this thread with the purpose of a 'catch all' for any trading related question that futures.io (formerly BMT) members want to ask, but don't want to create a new thread for -- or find an existing thread to reply to.
I've …
If you read the hundreds of posts in there it should be painfully obvious all the mistakes rookies make, and you should then be much better positioned to not do the same.
No argument, but after the broker makes all the required regulatory disclosures and the customer agrees and signs off to them, it's unfair to imply a broker isn't reputable if his margins are low.
Hi, don't know about the ones you mention or the ES but you can begin with Mirus from that price and trade the M6E. I have just taken that road myself recently.
Hi, the round trip fee is $2.22. Liquidity is fine in the first few hours of US session which I'm trading. More info can be found on the CME website for volumes etc. Price per tick is $1.25 and the reason you would chose this instrument is because you don't have much trading capital and are new to futures.
A good starting point so to speak. The ES is a whole different beast, I'm not able to speak about it as I have never traded it but you need a lot larger capital to start with as just the contract holding deposit is significantly larger, not to mention the cost per tick size.
The CME website is very informative on all you need to know about all the instruments with 15 minute delayed quotes in current time so worth a look for further education.
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