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AMP Futures and Mirus (NinjaTrader Brokerage as of June 30 2014), which one is better


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AMP Futures and Mirus (NinjaTrader Brokerage as of June 30 2014), which one is better

  #11 (permalink)
 owen 
CT
 
Experience: Beginner
Platform: NinjaTrader, TradeStation
Posts: 13 since Aug 2009
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Thanks Received: 6

Dorman or Rosenthal Collins Group which one is better for Mirus clearing firm? Account manager recommend Rosenthal Collins Group, but he did not give the reason.

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  #12 (permalink)
 sysot1t 
 
Posts: 1,173 since Nov 2009


owen View Post
Dorman or Rosenthal Collins Group which one is better for Mirus clearing firm? Account manager recommend Rosenthal Collins Group, but he did not give the reason.

I would say that is a personal decision given we all have different criteria as to whom we consider safe to hold our money... I base mine on how well capitalized the FCM is, the amount of funds of other people at hand, and what facilities they provide for reporting and dealing with year end taxes.

You can find info on capitalization from the CFTC...

Financial Data for FCMs

and I have taken the liberty of attaching a comparison of the FCM's I track ... and lastly, always check the complaints and fines against them, but keep in mind to view them objectively.

I hope that helps on your decision making.

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  #13 (permalink)
 
ThatManFromTexas's Avatar
 ThatManFromTexas 
Houston,Tx
 
Experience: Advanced
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: TF
Posts: 2,265 since Feb 2010
Thanks Given: 1,206
Thanks Received: 4,348


I have been with Mirus/RCG for a year. I have no complaints. The few times I called Tech Support , they were very helpful and answered the phones rather quickly. I have had no problems with RCG.

I talked to RCG and Dorman about opening an account directly with them, before I signed up with Mirus, but got the feeling I was too small to fit their customer profile . I am a small volume discretionary trader.

I talked to AMP at the same time I talked to Mirus. Mirus was lower cost and better margins.

Hope this is of some help.

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #14 (permalink)
MoreYummy
Toronto/Ontario
 
Posts: 33 since Mar 2010
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AMP and Mirus both have same 2 lvls of ninjatrader, but only the paid one has chart and OCO?

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  #15 (permalink)
 dbw451 
Atlanta, GA
 
Experience: Advanced
Platform: NinjaTrader
Broker: IF/IB & IQFeed
Trading: ES
Posts: 4 since Feb 2010
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Thanks Received: 1

It's my understanding that the broker provided free NinjaTrader "lite" does not include the Advanced Trade Management (ATM) functionality. This means it does not automatically place OCO target and stop orders upon a trade entry. It does however have all charting functionality including chart trader.

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  #16 (permalink)
 
Haverchuck's Avatar
 Haverchuck 
California
 
Experience: Intermediate
Platform: NT
Trading: Index Futures
Posts: 115 since Jul 2009
Thanks Given: 88
Thanks Received: 93


owen View Post
Dorman or Rosenthal Collins Group which one is better for Mirus clearing firm? Account manager recommend Rosenthal Collins Group, but he did not give the reason.

RCG updates your account info in near real-time. So after you make a trade through them, you can log in to your online account to confirm your trade within a few minutes. With Dorman, you generally have to wait until midnite EST to confirm your trade details. Since I'm a little on the obsessive compulsive side, I switched from Dorman to RCG just for this reason.

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  #17 (permalink)
MoreYummy
Toronto/Ontario
 
Posts: 33 since Mar 2010
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dbw451 View Post
It's my understanding that the broker provided free NinjaTrader "lite" does not include the Advanced Trade Management (ATM) functionality. This means it does not automatically place OCO target and stop orders upon a trade entry. It does however have all charting functionality including chart trader.

There is no chart on lite, it is just a DOM trading software. no ATM, no OCO. just plain order entry system, even profit, stop loss have to enter manually.

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  #18 (permalink)
 
Haverchuck's Avatar
 Haverchuck 
California
 
Experience: Intermediate
Platform: NT
Trading: Index Futures
Posts: 115 since Jul 2009
Thanks Given: 88
Thanks Received: 93


MoreYummy View Post
There is no chart on lite

Are you saying there are no charts in the lite version or no "chart trader"? It seems like they would provide charts since even the free version has them. Thanks.

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  #19 (permalink)
 meyer99 
Charlotte NC
 
Experience: Advanced
Platform: Charts:TOS, execution:TOS
Broker: TOS
Trading: SPX, RUT. TQQQ, Stocks, /YM
Posts: 234 since Jul 2009
Thanks Given: 99
Thanks Received: 122

This comparison is 2 years old but should help, I hope.

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Elite Membership required to download: BrokerComparison1-1.xls
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  #20 (permalink)
 Zoethecus 
United States of America
 
Experience: Advanced
Platform: NT
Posts: 1,145 since Aug 2009



meyer99 View Post
This comparison is 2 years old but should help, I hope.

Your AMP prices are not for ZenFire which is more.

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