Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I use Mirus with RCG, but even if you trade directly with RCG, it's the same web interface and real-time account info updating (they call it "RCG Passport"). I don't want to talk up it up too much, because it's very basic and could use some new features to make it more user friendly, but the real-time aspect is nice if you like to confirm your trades at the end of the trading day rather than late at night or the next day.
If by "check" you mean confirm this with them, you can just email or call them.
i saw webinar with futures..and found that RCG or Dorman(can`t remember yet) doesn`t have ftse100 (z) futures to trade in option....
Does anyone know the same???????
Is RCG or dorman can be choosen according to your location ??
Thanks in advance........
The last reply in this thread was almost a year ago - what are the experiences now with these clearing firms?
I was looking at the financial data (found here) and saw that Dorman Trading has an excess net capital of 9 million, while Rosenthal Collins has 22 million excess net capital, so perhaps Rosenthal Collins has an edge there.
Looking at the NFA data (found here) I saw that against Dorman Trading ( source), there were 12 regulatory actions by exchanges, 0 arbitrations, and 3 CFTC reparations cases.
Looking at these same data for Rosenthal Collins ( source) there were 45 regulatory actions by the exchanges, 5 regulatory actions by the CFTC, 20 arbitrations and a whopping 196 CFTC reparations cases.
But looking at the 'adjusted net capital' (first source) for these firms, Rosenthal Collins is almost 7 times bigger, so one probably would expect more regulatory and NFA 'problems' (Right?).
So I'm wondering: which one of these clearing firms is "better"? Since that is a subjective question, a better one might be: on which metrics/data should these firms be judged (in other words, what are important considerations?).
Been with RCG via Mirus using ZenFire for more than a year now, no issues at all.
Though I can confirm that their RCG Passport (account login page) is about 10yrs behind the rest of the internet and has very limited functionality in regards to reporting on your account/positions/trade history, can't export into csv etc if thats a factor to you - its really just the bare bones.
Anyone know if Dorman have anything better on that side of things?
is it true that most of dormans accounts are at bank of america?
i am using dorman aswell and as far as i know bank of america isnt that healthy...
--
any thoughts?
I don't know anything about Dorman. When I signed up with Mirus, Zenfire, I went with RCG. Back in November when the MFGlobal news started worrying people with accounts. RCG sent a letter out reassuring their customers that they were in good hands.
I am with Dorman via Mirus and I thought when I checked a couple of months ago their bank accounts (holding our funds) are with Harris Bank which I think is owned by a Canadian bank.
Most likely Zenfire is already included in their standard commission and fees (if you are paying about ~4.24 for CME e-mini). What is your all-in for RT?
