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Global Futures great discount for X-Trader


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Global Futures great discount for X-Trader

  #11 (permalink)
 
LukeGeniol's Avatar
 LukeGeniol 
Italy (IT) Italy
 
Experience: Advanced
Platform: ATAS, R|Trader, NT8
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Laibe View Post
Hi im currently looking for a "beginner" Broker.
The 300- 500 $ daymarging for the esmini seems to look interesting.

Does anyone know what quality the globalfutures datafeed has?

Greets

For NT they use PatSystem, as I read here on forum has not a good reputation, anyway if u use NT is better looking at Velocity Futures or Crossland .

Take your Pips, go out and Live.
Luke.
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  #12 (permalink)
 
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 cunparis 
Paris, France
 
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Laibe View Post
Hi im currently looking for a "beginner" Broker.
The 300- 500 $ daymarging for the esmini seems to look interesting.

Does anyone know what quality the globalfutures datafeed has?

"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.

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  #13 (permalink)
 
cunparis's Avatar
 cunparis 
Paris, France
 
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LukeGeniol View Post
Global Futures, clearing thru RCG, provide the lowest commission I ever see for trading with X-Trader, that costs from $650 month for one exchange, and the commission all comprensive for ES are $2.32 round turn and for 6E $ 3.22 r/t, and now they give a $300 day margin promotion on ES.

This can be worth for who trades more than 500 lots month.

Luke.

Did anyone ever confirm this? $2.32 is too low. I don't think it's possible. I think $2.32 may be round turn. Or it doesn't include exchange fees. Something is up.

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  #14 (permalink)
 
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 mattz   is a Vendor
 
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cunparis View Post
Did anyone ever confirm this? $2.32 is too low. I don't think it's possible. I think $2.32 may be round turn. Or it doesn't include exchange fees. Something is up.

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.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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  #15 (permalink)
 Dale Box 
Houston Texas USA
 
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cunparis View Post
"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.


Well said!

If you have any questions about our services at Velocity Futures please send me a private message.
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  #16 (permalink)
 
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 JohnnyAustin 
Austin, TX
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Amp and Zenfire
Trading: TF
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Thank you for the info and links. Very handy

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  #17 (permalink)
Ronin
Fisher Island, FL
 
Posts: 21 since Jan 2010
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Laibe View Post
Hi im currently looking for a "beginner" Broker.
The 300- 500 $ daymarging for the esmini seems to look interesting.

Does anyone know what quality the globalfutures datafeed has?

Greets

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 !

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  #18 (permalink)
 
kbit's Avatar
 kbit 
Aurora, Il USA
 
Experience: Advanced
Platform: TradeStation
Trading: futures
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Ronin View Post
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

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  #19 (permalink)
sidney7g
Philadelphia
 
Posts: 114 since Jun 2011
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global futures is good, I use them. Great customer service, never had any problems with them.

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  #20 (permalink)
sidney7g
Philadelphia
 
Posts: 114 since Jun 2011
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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.

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Last Updated on September 15, 2011


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