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Optimus Futures trading broker review


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Optimus Futures trading broker review

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  #661 (permalink)
Essen, Germany
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES, ZB
 
Posts: 11 since Feb 2016
Thanks: 13 given, 16 received


NoWick View Post
I've tested a ton of platforms and Optimus Flow is by far my favorite. It's slick and modern looking, intuitive, easy to use, has tons of functionality if you need those layers of complexity, and not once in the many hours I tested it did it freeze during a trade. Solid as a rock and fast....So yeah, this Optimus Flow is a huge deciding factor for me and from what I can tell it is being upgraded at a regular clip by an in-house guy who really knows what he's doing.

I would wholly agree with you that the platform is very good indeed - the best I've used to date. However, Optimus Flow isn't an in-house product. It is a rebranding of the Quantower platform (https://www.quantower.com/). Aside from its functional capability, its interface sophistication and its robustness, another huge advantage of the platform, in its original manifestation, is that it is genuinely multi-asset, multi-broker and multi-data feed, with additional connections being added frequently. That said, I recently asked Jake at Optimus and I was told that it isn't currently possible to use an existing Quantower lifetime license when trading via them.

By way of comparison, here is the Optimus pricing page for their version of the product:
https://optimusfutures.com/OptimusFlow.php

Here is Quantower's pricing page:
https://www.quantower.com/pricing

As can be seen, the Optimus "Professional" offering is seemingly comparable to the Quantower Multi-Asset package, with the exception that Optimus bundles the TPO (market profile) chart in their offering, while with Quantower it is necessary to upgrade to the All-in-One package to get access to that (https://help.quantower.com/getting-started/license-comparison).

Taking these two versions of the product as being broadly comparable, the respective platform pricing, on a month-by-month basis is currently advertised as being:

$25 at Optimus
$50 at Quantower

So obviously Optimus offers the better deal on the platform but to have an informed view of the impact on your overall trading costs and utility, you need to keep in mind a) commissions and b) the lack of multi-broker/multi-asset capabilities.

The "Day Trader" version of Optimus Flow is shown as being free (for funded accounts) - which also true of the basic offering from Quantower (which doesn't require a funded account). The free Quantower product is a good way to get acquainted with the product and it does allow one live connection to a supported brokerage, of which there are many (https://www.quantower.com/connections) but it lacks the volume profile, market profile and footprint capabilities of the paid platform. It also has other restrictions, such as the number of indicators allowed on the chart, the types of charts available etc.. However, you are still able to get a good sense from the free version whether it might be right for you.

I have found the team at Quantower to be very professional and they are clearly raising the bar on modern platform development.

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  #662 (permalink)
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Posts: 2,482 since Sep 2010
Thanks: 2,411 given, 3,700 received

@cordoba, thank you for your length comments. However, I want to make a few things very clear about where we stand with QT and Optimus Flow.

One, if you have QT, we would be happy to connect your platform. I am not sure what discussions you had with Jake, but we would be more than glad to help you. I am sure that something was taken out of context because he is very knowledgable. Second, our free version is not the same as QT. We have added our unique and proprietary features and will continue to do so. Our goal is to provide things for free for those who need a good and reliable platform for execution.

We have priced our Order Flow lower, but we will let QT take the lead on that. Again, my goal is to add features for order management and risk management while borrowing the ideas from successful traders of all asset classes. We are putting our own resources into it and not just acquiring it and renaming it. As I stated above, we will add features that are important for the trader's execution and risk regardless of the methodology.

Lastly, Optimus Flow is connected to Rithmic. While some choose to walk away from it, I like working with the Rithmic team and have created good ties over the years. They have significant low-latency that you can measure, and they still have the MBO data that so many traders are seeking along with accurate tick data.

Thank you,
Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

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.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
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  #663 (permalink)
Philadelphia, PA
 
Experience: Beginner
Platform: Metatrader 4, NinjaTrader
Broker: Oanda, Forex.com
Trading: OTC Forex, Learning Futures
 
Peter Ductor's Avatar
 
Posts: 7 since Jan 2020
Thanks: 133 given, 1 received


Hello Matt,
Since Friday 9/25/2020 about 8 am, my emails to general@optimusfutures.com and accounts@optimusfutures.com are being "Rejected by Office 365." I use Gmail and can send email to other folks. I will call the 800 number tomorrow during business hours.
I would like to talk/email with you about opening an account.
Thank You,
Peter

Here is some info if it helps.
Error Details
Reported error: 550 5.7.367 Remote server returned not permitted to relay -> 554 5.7.1
<support@optimusfutures.hs-inbox.com>: Relay access denied
DSN generated by: BYAPR05MB5879.namprd05.prod.outlook.com
Remote server: mx1-us1.ppe-hosted.com

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  #664 (permalink)
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mattz's Avatar
 
Posts: 2,482 since Sep 2010
Thanks: 2,411 given, 3,700 received


Peter Ductor View Post
Hello Matt,
Since Friday 9/25/2020 about 8 am, my emails to general@optimusfutures.com and accounts@optimusfutures.com are being "Rejected by Office 365." I use Gmail and can send email to other folks. I will call the 800 number tomorrow during business hours.
I would like to talk/email with you about opening an account.
Thank You,
Peter

Here is some info if it helps.
Error Details
Reported error: 550 5.7.367 Remote server returned not permitted to relay -> 554 5.7.1
<support@optimusfutures.hs-inbox.com>: Relay access denied
DSN generated by: BYAPR05MB5879.namprd05.prod.outlook.com
Remote server: mx1-us1.ppe-hosted.com

We apologize for the problems you are having. We use a sophisticated filter system against hacks, viruses, etc.
We will investigate your particular case and correct accordingly.

You are more than welcome to call and we will assist you with your account inquiry.

Thank you,
Matt Z
Optimus Futures

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.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
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  #665 (permalink)
Philadelphia, PA
 
Experience: Beginner
Platform: Metatrader 4, NinjaTrader
Broker: Oanda, Forex.com
Trading: OTC Forex, Learning Futures
 
Peter Ductor's Avatar
 
Posts: 7 since Jan 2020
Thanks: 133 given, 1 received

Will call today.
Thank You Matt!
Peter

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