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Best broker for Options on Futures


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Best broker for Options on Futures

  #11 (permalink)
 myrrdin 
Linz Austria
 
Experience: Advanced
Platform: TWS
Broker: Interactive Brokers
Trading: Commodities
Posts: 1,938 since Nov 2014
Thanks Given: 3,686
Thanks Received: 2,651


Soycorn View Post
I have been using ToS since TD Ameritrade acquired them as I happen to work at TDA and can't have accounts elsewhere. I love the platform but want to trade options on more futures than what is currently available per the list that sinpeople provided above. Having never explored other platforms, where is a good place to start?

Also, the founder of ToS Tom Sosnoff recently started a brokerage to partner with his Tastytrade network called Tastyworks. The platform looks a lot like ToS but with all of the Tastytrade philosophies interwoven into the technology. Looks cool, and they have just added futures recently.

Also, I am a new member here and glad to have found this site. I am passionate about trading and enjoy reading about ideas from others.

I work with DeCarley regarding short options, using the Zaner360 platform. The platform ist average, which is not of great importance for me as a longterm trader. But the service of Carley is the best I ever received, and this compensates some of the shortcomings of the platform.

Best regards, Myrrdin

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  #12 (permalink)
 
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 CenFlo 
Tampa FL
 
Experience: None
Platform: TOS/TradingView
Broker: TDA
Trading: Equities/Cryptos
Posts: 642 since Apr 2016
Thanks Given: 830
Thanks Received: 960

I'll give a vote to TOS, when it comes to options it's probably one of the best.

I used to follow and watch Tom N Tony @ tastytrade.com, but since they've parted ways with TDA / TOS, I don't really watch them much, if any.

I'd imagine their platform is really good as Tom was the creator (as previously mentioned on this thread) of TOS. I seem to recall seeing they had very attractive pricing for option trades, not sure about what they charge for options on futures.

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  #13 (permalink)
optiongru
Sydney
 
Posts: 3 since Feb 2018
Thanks Given: 2
Thanks Received: 0


I have been with TradeStation for a while, however since they suspended selling options on futures a few days ago, I am looking for a new broker. Anyone can recommend a good broker for international traders? I mostly sell ES, GC and KC.

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  #14 (permalink)
 
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 Kruger 
Cape Town South Africa
 
Experience: Intermediate
Platform: Rithmic
Broker: Optimus
Trading: Commodities:Grains, Meats, Energy
Posts: 52 since Jun 2015
Thanks Given: 307
Thanks Received: 27


optiongru View Post
I have been with TradeStation for a while, however since they suspended selling options on futures a few days ago, I am looking for a new broker. Anyone can recommend a good broker for international traders? I mostly sell ES, GC and KC.

See Myrrdin's earlier comment re DeCarley.

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  #15 (permalink)
Forex37
Zurich
 
Posts: 49 since Feb 2011
Thanks Given: 65
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optiongru View Post
I have been with TradeStation for a while, however since they suspended selling options on futures a few days ago, I am looking for a new broker. Anyone can recommend a good broker for international traders? I mostly sell ES, GC and KC.


So do I and I`m looking as well

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  #16 (permalink)
Sten
Dresden & Germany
 
Posts: 3 since Feb 2018
Thanks Given: 7
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i'am satisfied with Interactive Brokers as Broker and ToS (RealMoney Acount) only for charting and monitoring trades. TdAmeritrade dont accept european customers.

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  #17 (permalink)
Forex37
Zurich
 
Posts: 49 since Feb 2011
Thanks Given: 65
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Sten View Post
i'am satisfied with Interactive Brokers as Broker and ToS (RealMoney Acount) only for charting and monitoring trades. TdAmeritrade dont accept european customers.

ToS are not allowed to do any margin enabled business with EU residents. Doesn`t apply to cash accounts. And residents of Switzerland are not restricted in their options/futures trades in any way.

Interactive Brokers is a good broker albeit for ES trades with a grain of salt as they don`t use SPAN.

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  #18 (permalink)
Sten
Dresden & Germany
 
Posts: 3 since Feb 2018
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Forex37 View Post
ToS are not allowed to do any margin enabled business with EU residents. Doesn`t apply to cash accounts. And residents of Switzerland are not restricted in their options/futures trades in any way.

Interactive Brokers is a good broker albeit for ES trades with a grain of salt as they don`t use SPAN.

IB hat doch Span-Margin für /ES... // Interactive Brokers uses SpanMargin for Future Options like /ES etc.

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  #19 (permalink)
 myrrdin 
Linz Austria
 
Experience: Advanced
Platform: TWS
Broker: Interactive Brokers
Trading: Commodities
Posts: 1,938 since Nov 2014
Thanks Given: 3,686
Thanks Received: 2,651


Sten View Post
IB hat doch Span-Margin für /ES... // Interactive Brokers uses SpanMargin for Future Options like /ES etc.

IB uses higher margin than span margin - especially for naked short options.

IB charges a daily fee for accounts holding more than a small amount of OTM short options.

IB liquidates trades intraday without warning in case maximum margin is exceeded.

I work with IB as one of my brokers. Main use of this account is holding my stocks and corresponding hedge trades.

Best regards, Myrrdin

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  #20 (permalink)
Calamari88
Henderson, NV, USA
 
Posts: 63 since Feb 2015
Thanks Given: 91
Thanks Received: 33


In 20 years of trading with 7 companies the best company I've worked with Futuresonline.com which is the discount division of Daniels Trading. Minimum SPAN and low commissions and no platform fees. I've had the least number of problems with them. I only have to call about minor errors about once a year.

The absolute worst was Tradestation for option selling. If you have tons of free time to argue with customer service over their mistakes then give them a shot!

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Last Updated on September 28, 2019


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