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Ironbeam - Mike Murphy (Director of Trading) - Ask Me Anything (AMA)


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Ironbeam - Mike Murphy (Director of Trading) - Ask Me Anything (AMA)

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  #31 (permalink)
Site Sponsor

Web: Ironbeam
AMA: Ask Me Anything
Webinars: Ironbeam Webinars
Elite offer: Click here
 
 
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Posts: 58 since Jan 2018
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ichack17 View Post
1. Bid/Ask volume indicator: I meant breaking out the contract volume On the Bid versus On The Ask. TT (Trading Technologies) has AVOL and BVOL indicators. ATAS combines it into one indicator (see below):

bid-ask-volume


(1) Is the contract volume on the Bid.
(2) Is the contract volume on the Ask.
(3) Is the Delta (difference) between the two.

I've asked our developers to add it. It will be in the formula list shortly!

Feel free to reach out with any questions. (312) 765 7228. There is a substantial risk of loss in trading futures and options. Past performance is not necessarily indicative of future results. Full Details.
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  #32 (permalink)
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Manta, Ecuador
 
Experience: Advanced
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Hi guys,

It is my pleasure to welcome Mike Murphy & Brandon Barr @ Ironbeam for our 397th webinar event, on Thursday, August 6th @ 4:30 PM Eastern US. This webinar was originally scheduled for July 23rd, and now rescheduled for August 6th.

The title for the event is "Live Video Ask Me Anything w/Ironbeam Brokerage Team", and bullet points include:

- Who is Ironbeam & What Trading Solutions and Technology Does Ironbeam Offer
- Free Platform and CME Market Data for 2020
- No Account Minimums
- SPAN margins across all products
- Learn About Our Direct FCM Relationship
- Live Q&A Video Panel w/ Ironbeam Directors



Register for the event:
https://on.futures.io/vmr60

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  #33 (permalink)
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Manta, Ecuador
 
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I want to remind everyone that Ironbeam has a great offer of FREE CME Market Data and Free Trading Platform for Elite Members:



Here is the link to get more info:

https://futures.io/elite_partner.php?do=process&offerid_15=1&offerid_16=1

Mike

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  #34 (permalink)
Orlando FL USA
 
 
Posts: 4 since Jul 2020
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Hello Mike, I plan on joining you guys for the AMA.

Anyways I was going to ask this at the AMA, but do you guys have a full break down of costs/fees/commission/etc. for using IronBeam and FireTip X?

By the way, I have been doing some reading on here, and I appreciate how you guys have been approaching suggestions and questions.

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  #35 (permalink)
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Damitsall View Post
Hello Mike, I plan on joining you guys for the AMA.

Anyways I was going to ask this at the AMA, but do you guys have a full break down of costs/fees/commission/etc. for using IronBeam and FireTip X?

By the way, I have been doing some reading on here, and I appreciate how you guys have been approaching suggestions and questions.

Hey there -

Thanks for reaching out. We treat every customer individually and set up everything custom per account from a platform, margin, and commission standpoint. We work with a wide range of customer types; the customer who's running an algorithm colocated at the CME datacenter is going to have vastly different requirements from us than the farmer who just needs to sell come corn contracts 8 months out and hold.

Typically we just have a brief conversation with our prospective customers and figure out what their goals are and what kind of margins and software they need from us to be the most successful and we will send them a commission proposal from there.

I've attached our fee schedule along with a dummy commission schedule. We give futures.io members very competitive rates.

Feel free to reach out with any questions. (312) 765 7228. There is a substantial risk of loss in trading futures and options. Past performance is not necessarily indicative of future results. Full Details.
Attached Files
Register to download File Type: pdf Ironbeam Fee Schedule.pdf (22.6 KB, 44 views)
Register to download File Type: pdf Commission Proposal.pdf (575.4 KB, 52 views)
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  #36 (permalink)
Vancouver, BC, Canada
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Ironbeam
Trading: MES YM
 
Posts: 22 since Jan 2013
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Ironbeam View Post
We do support NinjaTrader licenses that were purchased prior to March of 2015.

My NinjaTrader license was purchased in July, 2016. As a Canadian customer, Ninja referred me to GFF as my IB with trades executed by IRONBEAM, and a $10/mo Ninjatrader patform cost. As I'm understanding the costs in the business and shopping for a new broker, I realize that I'm paying too much on round-turn commissions with GFF.

In addition to featuring your Firetip X platform on Thursday's webinar, please show us how to keep our costs down while using our chosen trading platforms. Would you break down the costs for me using NT and being a Canadian trader?

Thank you,
Raymond

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  #37 (permalink)
Vancouver, BC, Canada
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Ironbeam
Trading: MES YM
 
Posts: 22 since Jan 2013
Thanks: 30 given, 19 received


Ironbeam View Post
Hey there -

Thanks for reaching out. We treat every customer individually and set up everything custom per account from a platform, margin, and commission standpoint. We work with a wide range of customer types; the customer who's running an algorithm colocated at the CME datacenter is going to have vastly different requirements from us than the farmer who just needs to sell come corn contracts 8 months out and hold.

Typically we just have a brief conversation with our prospective customers and figure out what their goals are and what kind of margins and software they need from us to be the most successful and we will send them a commission proposal from there.

I've attached our fee schedule along with a dummy commission schedule. We give futures.io members very competitive rates.

Oops. I missed reading this post prior to making my post. I'm reviewing the commision schedule.

If there are additional costs for Canadians, please explain them. I had an IB say that my cost would be higher than American clients.

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  #38 (permalink)
Site Sponsor

Web: Ironbeam
AMA: Ask Me Anything
Webinars: Ironbeam Webinars
Elite offer: Click here
 
 
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Posts: 58 since Jan 2018
Thanks: 33 given, 53 received


Pocketful View Post
Oops. I missed reading this post prior to making my post. I'm reviewing the commision schedule.

If there are additional costs for Canadians, please explain them. I had an IB say that my cost would be higher than American clients.

Raymond -

Direct Ironbeam customers do not incur additional costs based of where they are located (we don't charge Canadian customers anything extra).

I can't speak for Introducing Brokers or other firms as they control their own commission rates. So I unfortunately wouldn't be able to outline their costs for you. Your best bet would be to call the broker for an explanation, I am sure they would be happy to help.

Feel free to reach out with any questions. (312) 765 7228. There is a substantial risk of loss in trading futures and options. Past performance is not necessarily indicative of future results. Full Details.
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  #39 (permalink)
Surrey, UK
 
Experience: Beginner
Platform: sierra charts
Broker: Infinity Futures, Optimus Futures
Trading: futures
 
Posts: 2 since Jul 2020
Thanks: 0 given, 1 received

other brokers seem to have offers or offer free trading platforms eg sierra charts, multicharts etc which make them attractive.. is there any plan for that by ironbeam in the near future? Firetip X doesnt seem have on advanced chart trading with OCO brackets if not mistaken. Also do you set up SIM accounts for your clients?

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  #40 (permalink)
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Manta, Ecuador
 
Experience: Advanced
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