Time to look for a different broker, who's got the lowest margin and commissions? - futures io
futures io futures trading



Time to look for a different broker, who's got the lowest margin and commissions?


Discussion in Brokers

Updated
      Top Posters
    1. looks_one trader1419 with 2 posts (0 thanks)
    2. looks_two Big Mike with 1 posts (0 thanks)
    3. looks_3 CannonTrading with 1 posts (0 thanks)
    4. looks_4 SBtrader82 with 1 posts (1 thanks)
    1. trending_up 1,634 views
    2. thumb_up 2 thanks given
    3. group 6 followers
    1. forum 6 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • 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 and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Time to look for a different broker, who's got the lowest margin and commissions?

(login for full post details)
  #1 (permalink)
Chicago IL
 
Experience: None
 
Posts: 13 since Apr 2019
Thanks: 1 given, 10 received

I currently use Ninjatrader. There commissions and margin are better than IB by far but as I'm digging around (and there seem to be dozens of brokers all claiming the best rates, very confusing), I'm seeing that there's other brokers with even better rates. Tradovate seems too good to be true, is it? What about others?

I day trade futures and trying to cut costs. Who's got the best margin rates and commissions? I'll be switching from Ninjatrader as soon as I find one.

Thanks in advance

Started this thread Reply With Quote

Can you help answer these questions
from other members on futures io?
Work with historical tcks data on MUltichart NET PowerLa …
MultiCharts
Can the Magnet Tool Affect Chart Orders In Overcharts Ha …
Platforms and Indicators
Short Interest Ratio indicator?
ThinkOrSwim
Webinar: Finding your own way in trading w/Adam Grimes
The Elite Circle
Cumulative Delta: to reset or not to reset?
Platforms and Indicators
 
 
(login for full post details)
  #2 (permalink)
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 49,779 since Jun 2009
Thanks: 32,306 given, 97,565 received

What are your reasons for wanting to leave NinjaTrader?

Are you wanting to switch platforms? Or only to switch brokers to one that supports NinjaTrader, assuming you have a grandfathered license?

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #3 (permalink)
Virginia Beach, VA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader
Trading: YM, NQ, MYM, MNQ
 
Brandenton's Avatar
 
Posts: 780 since Sep 2016
Thanks: 712 given, 1,482 received


Some brokers will work with you on commissions if you have a big enough trade volume. Might be worth giving them a call.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #4 (permalink)
Chicago IL
 
Experience: None
 
Posts: 13 since Apr 2019
Thanks: 1 given, 10 received


Big Mike View Post
What are your reasons for wanting to leave NinjaTrader?

Are you wanting to switch platforms? Or only to switch brokers to one that supports NinjaTrader, assuming you have a grandfathered license?

Mike

Doesn't really matter much for day trading, I'd be open to any platform. I want to reduce commission costs. I'm paying 1.88 all in rate, per side, per contract. It's not terrible but I believe others are cheaper. Whats the reputation of Tradovate? Optimus? There's so many out there I'm hoping you guys can help me narrow them down to like 3 so I can decide.

Started this thread Reply With Quote
 
(login for full post details)
  #5 (permalink)
 
 
CannonTrading's Avatar
 
Posts: 175 since Mar 2013
Thanks: 51 given, 143 received


trader1419 View Post
I currently use Ninjatrader. There commissions and margin are better than IB by far but as I'm digging around (and there seem to be dozens of brokers all claiming the best rates, very confusing), I'm seeing that there's other brokers with even better rates. Tradovate seems too good to be true, is it? What about others?

I day trade futures and trying to cut costs. Who's got the best margin rates and commissions? I'll be switching from Ninjatrader as soon as I find one.

Thanks in advance

At Cannon Trading we can match or beat any broker's rates because we clear through 6 different clearing options. Please PM us and we can provide more information

PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
Follow me on Twitter Reply With Quote
 
(login for full post details)
  #6 (permalink)
Market Wizard
Missoula, MT Nɫʔay(ccstm)
 
Experience: Advanced
Platform: NinjaTrader
Broker: NinjaTrader
Trading: CL, ES
 
michaelleemoore's Avatar
 
Posts: 3,436 since Nov 2012
Thanks: 5,542 given, 12,190 received


trader1419 View Post
Doesn't really matter much for day trading, I'd be open to any platform. I want to reduce commission costs. I'm paying 1.88 all in rate, per side, per contract. It's not terrible but I believe others are cheaper. Whats the reputation of Tradovate? Optimus? There's so many out there I'm hoping you guys can help me narrow them down to like 3 so I can decide.

Just a polite FYI: Your platform makes a huge difference in daytrading.

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to michaelleemoore for this post:
 
(login for full post details)
  #7 (permalink)
Rovigo (ITALY)
 
Experience: Intermediate
Platform: SierraChart, MotiveWave
Broker: Rithmic, Dorman, Interactive Brokers
Trading: Emini, Nasdaq, DAX, Bund, IBEX
 
SBtrader82's Avatar
 
Posts: 389 since Feb 2018
Thanks: 150 given, 827 received

I don't think you are paying much, I think you already have good commissions.
Changing platform is quite a bit deal, also be careful about the datafeed.
If you used to Ninja you are used to a prebuilt solution. If you change paltform you will need to find a datafeed.

Sent using the futures.io mobile app

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to SBtrader82 for this post:


futures io Trading Community Trading Reviews and Vendors Brokers > Time to look for a different broker, who's got the lowest margin and commissions?


Last Updated on January 4, 2021


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Battlestations! Show us your trading desk - $1,500 in prizes!

March
 

Importance of Finding Your Own Way w/Adam Grimes

Elite only
 

Journal Challenge w/Jigsaw

April
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts