Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
AMP Futures and Mirus (NinjaTrader Brokerage as of June 30 2014), which one is better
They have a maintenance monthly fee 30$ waived if 50+ contracts traded each month or active platform is 'their' X_TRADER®. So, if you use NT you pay 30$ monthly trade or not. If you use X-Trader ES is $4.52 CL is $5.14.
I think this kind of fee, maintenance, inactivity, will become common among discount brokers because it is originated from the data feed vendors (TT and Rithmic)
Can you help answer these questions from other members on NexusFi?
Rithmic does not charge ANY inactivity fees. I am not sure where you got this info.
They will not provide you ongoing quotes forever if you don't trade but they don't charge for inactivity.
The decision to have inactivity lies within the IB/FCM
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
Are you working for Rithmic ? Your words sounds a little bit aggressive. Sorry but I have two margin accounts selftraded and one managed. The two brokers, and they are in the top 50 ... with TT and Zen-Fire, both introduced at the end of 2011 the maintenance/inactivity fee.
I suppose, and I say suppose, that soon all will introduce this fee.
Mirus is transparent and clear. They begun to notify its customers well in advance and then postponed the fee to January 1. In any case, their limits are very low to be overcome. 5 r / t only, nothing if any NT login in the month, it's possible to suspend and reactivate the data feed for long time if you plan to stay out.
I am not working for Rithmic, we are a brokerage and we use them almost exclsuively for our trading applications:NinjaTrader,Multicharts,Sierra,RTrader, etc
If I sounded aggressive, I had no intentions of doing so, neither had I the intentions of criticizing any other brokerage out there. in fact, I never did.
All I was trying to say is that Rithmic or my clearing firm did not (so far) impose any inactivity fee that I had to pass on to my custimer. as for commissions, we are very competitive as well.
I have noticed that if someone does not use Rithmic for a long time then the quotes get discontinued.
They are reactivated upon request after.
I truly wish you well in your trading, and please understand that the only reason I jumped on this thread is to clarify something that we heavily rely upon (Rithmic). It is after all it's own independent feed and platform as well.
Matt
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
Each broker had some own reasons for an inactivity fee.
Mirus set it w 5 rt in order to check the client base
AMP set it w 40 rt in order to shake off Zen-fire
It's good to hear that mattz set no inactivity fee.
About time truth is coming out! Keep up the good work mattz Lots of great feedback on futures.io (formerly BMT) and now everyone can see that rithmic is the direct source to the exchange - not zenfire. I smell mirus whitelabel
