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How to Choose a Broker?


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How to Choose a Broker?

  #11 (permalink)
 
cme4pif's Avatar
 cme4pif 
Near Vancouver BC CANADA
 
Experience: Intermediate
Platform: NinjaTrader -- IB
Trading: Futures
Posts: 32 since Mar 2011
Thanks Given: 28
Thanks Received: 58

That depends on what you want to trade. In Canada the broker with the best platform is probably TD waterhouse, Scotia iTrade is cheaper but what a lousy platform and really bad execution.

If you want to trade US Futures, like oil, (that’s what I do) I use Interactive Brokers. Their support is awful – boarding on rude, their TWS software is ugly, but they accept Canadian based accounts (in US funds only) and they have great execution and low cost. I trade IB with NinjaTrader as the front end. If you are an options guy you might like Think or Swim – more expensive but a great real time interface.

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  #12 (permalink)
Piperion
thessaloniki
 
Posts: 18 since Apr 2012
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I'd look for tight spreads, good platform, and relatively established name first, then everything else. Don't go for anything crazy like EURUSD spread 3 pips etc :P

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  #13 (permalink)
 DaxSkalpr 
Calgary, Canada
 
Experience: Advanced
Platform: NinjaTrader
Broker: IB, AMP/CQG
Trading: Futures
Posts: 11 since Apr 2012
Thanks Given: 11
Thanks Received: 12


IB Canada is probably your best bet to get started. Their margin requirements are high, but that can also keep you out of trouble. Good commissions.

Like was mentioned previous, use a NinjaTrader license to trade from a DOM or charts. TWS is cumbersome and probably not well suited to a thin market like CL.

cheers.

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Last Updated on April 16, 2012


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