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How to Choose a Broker?
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How to Choose a Broker?

  #1 (permalink)
Trading Apprentice
Victoria BC
 
Futures Experience: None
Platform: Ninja Trader
Favorite Futures: Oil Futures
 
Cisco's Avatar
 
Posts: 6 since Mar 2012
Thanks: 0 given, 1 received

How to Choose a Broker?

Hey,

Anyone have advice as to which broker i should set up an account with? I am new and am getting close to going live but need a broker obviously. All i really need is data feed and not too expensive round turn costs for Crude Futures. Any constructive advice and expereince to speak of would be great!

Cheers,

Cisco.

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  #2 (permalink)
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  #3 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
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Answer
This post has been selected as an answer to the original posters question Answer


What country are you in?

What are you trading?

What platform do you use?

Mike

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  #4 (permalink)
Elite Member
London
 
Futures Experience: None
Platform: .
Favorite Futures: .
 
Posts: 162 since Apr 2011
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This may help:

http://media.futuresmag.com/futuresmag/historical/Issues/2011/December-2011/Documents/Top50_2011.pdf

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  #5 (permalink)
Trading Apprentice
Victoria BC
 
Futures Experience: None
Platform: Ninja Trader
Favorite Futures: Oil Futures
 
Cisco's Avatar
 
Posts: 6 since Mar 2012
Thanks: 0 given, 1 received


Big Mike View Post
What country are you in?

What are you trading?

What platform do you use?

Mike

Hi Mike,

Crude Oil Futures and i live in Canada, British Columbia. I use Ninja Trader.

Jeremy.

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  #6 (permalink)
Trading Apprentice
Victoria BC
 
Futures Experience: None
Platform: Ninja Trader
Favorite Futures: Oil Futures
 
Cisco's Avatar
 
Posts: 6 since Mar 2012
Thanks: 0 given, 1 received

Hi,

Thanks for the reply and link. Link doesn't seem to want to work but i will try and drill down with the info in the link.

Cheers,

Cisco.

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  #7 (permalink)
Trading Apprentice
Victoria BC
 
Futures Experience: None
Platform: Ninja Trader
Favorite Futures: Oil Futures
 
Cisco's Avatar
 
Posts: 6 since Mar 2012
Thanks: 0 given, 1 received

I have been trying to set up an account with AMP Global Futures but it seems as though from working through the application process they do not accept accounts with residents from the province of British Columbia. Crappy.

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  #8 (permalink)
Trading Apprentice
Switzerland
 
Futures Experience: None
Platform: SwissQuote
Favorite Futures: FX
 
Posts: 12 since Dec 2011
Thanks: 5 given, 7 received



Mmh besides the exchanges they provide access to, it's more or less the FCM financial data that you can get from: Financial Data for FCMs - CFTC

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  #9 (permalink)
Elite Member
Rockland county , New York
 
Futures Experience: Intermediate
Platform: NT 7
Favorite Futures: CL, 6E, SI, ZC
 
whatnext's Avatar
 
Posts: 235 since Mar 2011
Thanks: 340 given, 79 received

If you can't find a broker with a clearing house that will put in writing they won't use your funds in overnight repos or as collateral for third party agreements - I'd pick the biggest you can (also comparing rates/fees).

As some measure of safety you can spread the trading funds over different accounts if your trading software / account size warrants.

"Be right and sit tight." - Jesse Livermore
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  #10 (permalink)
Elite Member
London, UK
 
Futures Experience: Intermediate
Platform: ninja,TS,Meta,Tradeguider
Favorite Futures: FX,Metals
 
Posts: 38 since Sep 2011
Thanks: 9 given, 6 received

UK brokers


Any advice for me?, I trade from UK (forex and precious metals), ninjatrader also

thanks
JLo

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