Anyone knows about Iron Beam brokerage ???
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Anyone knows about Iron Beam brokerage ???


Reviews of Brokers and Data Feeds

Created April 20th 2012 by tradercube
Updated March 11th 2020 by Ironbeam
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Anyone knows about Iron Beam brokerage ???

  #1 (permalink)
toronto, ontario/Canada
 
 
Posts: 1 since Apr 2012
Thanks: 0 given, 0 received

Anyone knows about Iron Beam brokerage ???

Hi All,
I am new in this forum.
I am about to open a new futures trading account. Due to some firewall setting at office, my choices are very limited.
Does anyone in the forum knows the credibility of a brokerage called "Iron Beam" ?

if anyone knows please shout out.
Thank You

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  #2 (permalink)
Houston Texas USA
 
Trading Experience: Advanced
Platform: X_TRADER
 
Posts: 63 since Sep 2010
Thanks: 24 given, 42 received


tradercube View Post
Hi All,
I am new in this forum.
I am about to open a new futures trading account. Due to some firewall setting at office, my choices are very limited.
Does anyone in the forum knows the credibility of a brokerage called "Iron Beam" ?

if anyone knows please shout out.
Thank You

Hi Tradercube,

Ironbeam is a solid FCM. I've never heard a negative thing about them...

Best regards,

If you have any questions about our services at Velocity Futures please send me a private message.
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  #3 (permalink)
Toronto, Canada
 
Trading Experience: Beginner
Platform: NinjaTrader
Broker/Data: AMP/CQG
Favorite Futures: Natural Gas
 
0bl1vion's Avatar
 
Posts: 28 since Jun 2012
Thanks: 16 given, 12 received


Checked them out and spoke to one of their sales people.

The margins they offered initially are kind of high.
They offered to match the commissions and day trade margins I pay at AMP... If they offered me something better, I may have even switched brokers!

Didn't come across anything negative about them via google.

As mentioned above, they are regulated.

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The following user says Thank You to 0bl1vion for this post:
 
  #4 (permalink)
Valletta, Malta
 
 
Posts: 26 since Aug 2012
Thanks: 1 given, 14 received

Check their discount division,Zumo (www.zumo.com).Their prices are the best for small volume

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  #5 (permalink)
Duncan, B.C.
 
Trading Experience: Intermediate
Platform: TS,MC
Favorite Futures: CL,TF
 
Posts: 27 since Jul 2010
Thanks: 96 given, 2 received

IronBeam doubtful

I'd check this link out if I were you.

IronBeam Futures Trading Reviews - Top Rated Firms
Just noticed the dates. Oh well, maybe help someone else.

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  #6 (permalink)
Novi Sad Serbia
 
 
Posts: 13 since May 2018
Thanks: 5 given, 8 received

Has anyone used Ironbeam and what are their experiences? I see reviews on them online but they all look too good to be true and fake. I also know it's tied up with Farr financial and thus has a darker past.

Would you say it is safe to use them? My options are limited.

Cheers,

Freebird

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  #7 (permalink)
Chicago, IL
 
 
Posts: 29 since Mar 2011
Thanks: 7 given, 7 received

I've been out of trading for a while. It took me a long time to save some capital I could start playing with in the markets. I've heard of Ironbeam and have demo'd their FireTip platform in he past. It's a nice platform but if I'm not mistaken it cost $50.00 a month. There are definitely better platforms out there that are lower in cost or even free. I know their not a huge firm but they are a real firm to clear your trades and definitely not fake. You can look them up on the NFA website too and they are there.


Fr33B1rd View Post
Has anyone used Ironbeam and what are their experiences? I see reviews on them online but they all look too good to be true and fake. I also know it's tied up with Farr financial and thus has a darker past.

Would you say it is safe to use them? My options are limited.

Cheers,

Freebird


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The following user says Thank You to stopnlimits for this post:
 
  #8 (permalink)
Chicago, IL, USA
 
Trading Experience: Master
Platform: Firetip X
Broker/Data: Ironbeam / Firetip X
Favorite Futures: Indices, Financials, Energies, Metals, Grains, Softs, Meats
 
Ironbeam's Avatar
 
Posts: 37 since Jan 2018
Thanks: 5 given, 28 received

Hey all,

I know this thread is old but I thought I'd hop in here just in case. The Firetip X platform is completely free for the year 2020 (and might be continued into 2021). So no monthly or transactional platform fees. It has its own dedicated data feed as well, so you are not subject to the 10-25 cent CQG or Rithmic fee.

Mike Murphy - Director of Trading

Feel free to reach out with any questions. (312) 765 7228. There is a substantial risk of loss in trading futures and options. Past performance is not necessarily indicative of future results. Full Details.
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