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IQFeed VS. Kinetick --> Interactive Brokers (Futures)


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IQFeed VS. Kinetick --> Interactive Brokers (Futures)

  #1 (permalink)
 
forestcall's Avatar
 forestcall 
Tokushima, Japan
 
Experience: Beginner
Platform: Tradovate + Tradingview
Trading: Futures + Stocks
Posts: 57 since Jun 2020
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Hi Futures Family :-)

My main criteria: I'm a full-time Micro e-Mini Futures trader. I make my monthly income 100% from Micro Futures. I buy, between 20 - 80 contracts per day, 5-6 days per week.

I'm making a move from another platform to NT8 (TradingView has been my home but they don't have good tick data and sometimes slow to exit trades). My NT8 broker is Interactive Brokers. The NinjaTrader brokers, Dorman, and PhillipCapital won't accept my Japanese identification so I have a choice between AMP or Interactive Brokers.

I need to choose a data feed.

QUESTION: Which Data Feed is best for my situation: Kinetick or IQFeed
(main criteria are, which is better for tick data and in general, provides benefit across different contracts markets)

MES + MNQ + MYM + M2K
  • Kinetick =$65 month
  • IQFeed =$20 month
[are these feed costs correct?]

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  #2 (permalink)
 
bobwest's Avatar
 bobwest 
Western Florida
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forestcall View Post
Hi Futures Family :-)

My main criteria: I'm a full-time Micro e-Mini Futures trader. I make my monthly income 100% from Micro Futures. I buy, between 20 - 80 contracts per day, 5-6 days per week.

I'm making a move from another platform to NT8 (TradingView has been my home but they don't have good tick data and sometimes slow to exit trades). My NT8 broker is Interactive Brokers. The NinjaTrader brokers, Dorman, and PhillipCapital won't accept my Japanese identification so I have a choice between AMP or Interactive Brokers.

I need to choose a data feed.

QUESTION: Which Data Feed is best for my situation: Kinetick or IQFeed
(main criteria are, which is better for tick data and in general, provides benefit across different contracts markets)

MES + MNQ + MYM + M2K
  • Kinetick =$65 month
  • IQFeed =$20 month
[are these feed costs correct?]

Unless you already have a very old account with AMP, it is not a choice you have. AMP and NinjaTrader parted company some years ago in a business dispute, and NT will not permit new AMP customers to use NT. Old customers are grandfathered in.

Kinetick, unless I'm mistaken, is a private label version of IQFeed for Ninja. I don't use either (nor NT), but the last time I looked, IQFeed was on the expensive side, more than you quoted certainly. You can get feed costs from their site, and Kinetick's from theirs, and eliminate any uncertainty on the subject.

Bob.

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-- Cervantes, Don Quixote
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  #3 (permalink)
 
forestcall's Avatar
 forestcall 
Tokushima, Japan
 
Experience: Beginner
Platform: Tradovate + Tradingview
Trading: Futures + Stocks
Posts: 57 since Jun 2020
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Thank you Bob!!!

I made an executive decision to use IB for now. I may still get approved to use Dorman or Phillips in the coming week.

Last night I just decided to go with Kinetick. My full-time job is scalping Micro e-mini's and was using TradingView but I am not happy that I can not see the true Tick value in each bar so I am moving over to NT8. I still don't know if NT8 is the best option for someone who 95% scalps. I really like the financial stability that scalping gives me and have had horrible experiences with swing trading.



bobwest View Post
Unless you already have a very old account with AMP, it is not a choice you have. AMP and NinjaTrader parted company some years ago in a business dispute, and NT will not permit new AMP customers to use NT. Old customers are grandfathered in.

Kinetick, unless I'm mistaken, is a private label version of IQFeed for Ninja. I don't use either (nor NT), but the last time I looked, IQFeed was on the expensive side, more than you quoted certainly. You can get feed costs from their site, and Kinetick's from theirs, and eliminate any uncertainty on the subject.

Bob.


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  #4 (permalink)
 
Blash's Avatar
 Blash 
Chicago, IL
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Experience: None
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forestcall View Post
Hi Futures Family :-)

My main criteria: I'm a full-time Micro e-Mini Futures trader. I make my monthly income 100% from Micro Futures. I buy, between 20 - 80 contracts per day, 5-6 days per week.

I'm making a move from another platform to NT8 (TradingView has been my home but they don't have good tick data and sometimes slow to exit trades). My NT8 broker is Interactive Brokers. The NinjaTrader brokers, Dorman, and PhillipCapital won't accept my Japanese identification so I have a choice between AMP or Interactive Brokers.

I need to choose a data feed.

QUESTION: Which Data Feed is best for my situation: Kinetick or IQFeed
(main criteria are, which is better for tick data and in general, provides benefit across different contracts markets)

MES + MNQ + MYM + M2K
  • Kinetick =$65 month
  • IQFeed =$20 month
[are these feed costs correct?]

IQFEED can be connected to many different platforms on the same computer at once. I use it and connect, on my trade machine, to NT8 NT7 and Price Squawk at the same time. I could connect it to Excel too...wish I knew how......lol... I think they have info on their site explaining how to.

Interactive Brokers IMHO is the absolute best. Love them. Good choice. They have Great financial strength, clear their own trades. When you open an account with them you are doing exactly just that. NOT actually with someone else. I like this.

Remember, you only get what you pay for. Free is usually worth exactly what you paid for it. ie free platform free data

Ron

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  #5 (permalink)
 
forestcall's Avatar
 forestcall 
Tokushima, Japan
 
Experience: Beginner
Platform: Tradovate + Tradingview
Trading: Futures + Stocks
Posts: 57 since Jun 2020
Thanks Given: 65
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I think I will keep with IB. I keep a portion of my monthly Futures income and then invest in intraday stocks, pre-market swing and in some cases, I hold with such companies as NKLA.
In the past I used Ameritrade but TOS has been terrible and they are not Direct Access. Whereas IB is a Direct Market broker and I can buy fairly large Pre-Market orders and most if not all of my order will be fulfilled. IB has about $0.20-ish more in Micro Futures Fees than some of the other brokers which is around $300 a month. Like you said, you get what you pay for and there is always going to be something to not like about every platform, broker (town, country, person), etc.



Blash View Post
IQFEED can be connected to many different platforms on the same computer at once. I use it and connect, on my trade machine, to NT8 NT7 and Price Squawk at the same time. I could connect it to Excel too...wish I knew how......lol... I think they have info on their site explaining how to.

Interactive Brokers IMHO is the absolute best. Love them. Good choice. They have Great financial strength, clear their own trades. When you open an account with them you are doing exactly just that. NOT actually with someone else. I like this.

Remember, you only get what you pay for. Free is usually worth exactly what you paid for it. ie free platform free data

Ron


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  #6 (permalink)
 Deetee 
Amsterdam, The Netherlands
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@forestcall How are you doing with the Kinetick data? Are you satisied?
I'm also using NT8 and IB, but need tick data and believe that IQfeed is about 150 a month, so Kinetick sounds better in EUR but not sure about the quality.

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  #7 (permalink)
 
forestcall's Avatar
 forestcall 
Tokushima, Japan
 
Experience: Beginner
Platform: Tradovate + Tradingview
Trading: Futures + Stocks
Posts: 57 since Jun 2020
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I stopped using NT8 and moved to Tradovate + TradingView.

Tradovate has data feeds for like $13 (ES/NQ-MES/MNQ)

You can get every possible Futures feed for like $40 or so...not including places like Africa and small exchanges that have horrible volume.

Mainly I moved to Tradovate because I love TradingView and I am funded on TopStepTrader.
I really like NT8 but at the same time, I am fine without it.

The #1 best thing I like about Tradovate is I am now 100% browser-based trading. So I can trade on any computer. I felt that using NT8 was making me feel imprisoned.


Deetee View Post
@forestcall How are you doing with the Kinetick data? Are you satisied?
I'm also using NT8 and IB, but need tick data and believe that IQfeed is about 150 a month, so Kinetick sounds better in EUR but not sure about the quality.


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  #8 (permalink)
honest2021
London
 
Posts: 7 since Feb 2021
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Hi
Im also exploring options on data feeds, my broker is Interactive Brokers, recently purchased NT8, was totally confused on data feeds. I finally nailed down 2 i.e. Kinetick and IQ Feed. IQ Feed is bit expensive if you need real time, historical data plus exchange fees whereas Kinetick you just have to pay 65 usd i believe monthly for real time data plus exchange fees for equities, futures. In my research i found out that Kinetick and IQFeeds are provided by DTN using same technology so there shouldnt be a difference - not sure yet.


Kinetick can only be connected to NT8 and not to excel or other applications whereas IQFeed can be connected to different applications, i emailed sales team at IQfeed and they confirmed that it costs 95 usd + exchange fees for US Equities, Futures, Forex - do your own checks if you go with IQ Feed.

I think im going to go with Kinetick for now as it is frustrating that you cant do backtests over weekends using minute/tick level data with a data feed service.

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  #9 (permalink)
 
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 sam028 
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honest2021 View Post
Hi
Im also exploring options on data feeds, my broker is Interactive Brokers, recently purchased NT8, was totally confused on data feeds. I finally nailed down 2 i.e. Kinetick and IQ Feed. IQ Feed is bit expensive if you need real time, historical data plus exchange fees whereas Kinetick you just have to pay 65 usd i believe monthly for real time data plus exchange fees for equities, futures. In my research i found out that Kinetick and IQFeeds are provided by DTN using same technology so there shouldnt be a difference - not sure yet.


Kinetick can only be connected to NT8 and not to excel or other applications whereas IQFeed can be connected to different applications, i emailed sales team at IQfeed and they confirmed that it costs 95 usd + exchange fees for US Equities, Futures, Forex - do you checks if you go with IQ Feed.

I think im going to go with Kinetick for now as it is frustrating that you cant do backtests over weekends using minute/tick level data with a data feed service.

Kinetick is a rebranded IQFeed, there's no technical differences between the two. The only thing is that NT8 includes a Kinetick connector (I mean the real time one, not the EOD). So use the IQFeed connector with your Kinetick credentials, that's all.

I don't get why you couldn't backtest during the week-ends, there's no such limitation.

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  #10 (permalink)
honest2021
London
 
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Thanks Samo28

Yes i was able to do backtests using Free Kinetik end of day data but not minute level data so that's the constraint.

Anyway i just subscribed for Kinetic data feed for 65 usd includes futures and equities - US.

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