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


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

  #1 (permalink)
Chicago IL
 
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Posts: 12 since Apr 2019
Thanks: 1 given, 10 received

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

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

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  #2 (permalink)
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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

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  #3 (permalink)
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Virginia Beach, VA
 
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Some brokers will work with you on commissions if you have a big enough trade volume. Might be worth giving them a call.

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  #4 (permalink)
Chicago IL
 
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Posts: 12 since Apr 2019
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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.

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  #5 (permalink)
Los Angeles, CA /USA
 
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Trading: Crude Oil
 
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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.
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  #6 (permalink)
Missoula, MT
 
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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.

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