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Have you dealt with any of these brokers? Looking to open an account
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Have you dealt with any of these brokers? Looking to open an account

  #1 (permalink)
Membership Temporarily Revoked
Toronto
 
Futures Experience: Beginner
Platform: Sierra
Broker/Data: MB
Favorite Futures: ES
 
Posts: 313 since Jun 2013
Thanks: 182 given, 58 received

Have you dealt with any of these brokers? Looking to open an account

Hello there,

So I am considering opening an account, I am wondering if any of you have dealt with any of these brokers?


Alpari


Plus 500

Deep discount traders (Howard Lender)


XE Markets


AVA Fx

Markets.com


Generic Trade

MB Trading



What are the important issues I should be concerned with when opening an account? (aside from the obvious)

I am looking to trade the ES, and open an account with around $2500

PLease advise. Thank You.

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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
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,354 given, 83,237 received


If you do a search in the brokers section, most of these already have review threads.

https://futures.io/brokers-data-feeds/

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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  #4 (permalink)
Elite Member
Detroit, Michigan
 
Futures Experience: Beginner
Platform: Ninja Trader
Favorite Futures: Futures
 
Posts: 295 since Nov 2011
Thanks: 302 given, 280 received

I would pick Howard Lender. I've spoken to him and he is the real deal and he is also the least expensive as well. The only reason I don't use him is the historical data issue which his data feed (at the time anyway) wasn't what I needed.



budfox View Post
Hello there,

So I am considering opening an account, I am wondering if any of you have dealt with any of these brokers?


Alpari


Plus 500

Deep discount traders (Howard Lender)


XE Markets


AVA Fx

Markets.com


Generic Trade

MB Trading



What are the important issues I should be concerned with when opening an account? (aside from the obvious)

I am looking to trade the ES, and open an account with around $2500

PLease advise. Thank You.


Reply With Quote
 
  #5 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,354 given, 83,237 received


TrendTraderBH View Post
I would pick Howard Lender. I've spoken to him and he is the real deal and he is also the least expensive as well. The only reason I don't use him is the historical data issue which his data feed (at the time anyway) wasn't what I needed.

Are you sure he will open with only $2500?

The fact is, no one I repeat NO ONE should be trading futures with such a low account size and using such ridiculous margins...

Most reputable firms require at least $5,000 for an individual account, and that is an absolute minimum. Many require $10,000. Some more.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #6 (permalink)
Membership Revoked
new york city
 
Futures Experience: Intermediate
Platform: nt
Favorite Futures: es
 
SarahKrantz's Avatar
 
Posts: 42 since Apr 2013
Thanks: 10 given, 35 received


Big Mike View Post
Are you sure he will open with only $2500?

The fact is, no one I repeat NO ONE should be trading futures with such a low account size and using such ridiculous margins...

Most reputable firms require at least $5,000 for an individual account, and that is an absolute minimum. Many require $10,000. Some more.

Mike

I agree with the first sentence.

Deep Discount Trading, a Crossland subsidiary, is highly reputable, their low margins notwithstanding. And Howard Lender will treat you the same if you have $2500 or $1 million in margin. I've yet to find anyone as responsive and dedicated to customer service as him. Very highly recommended.

Oh, and if you have a lifetime, multi-broker Ninja license, the historical data provided on the TT connection is ZenFire's (which is Rithmic's). That's a little secret I found out from NT support.

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  #7 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,354 given, 83,237 received


SarahKrantz View Post
I agree with the first sentence.

Deep Discount Trading, a Crossland subsidiary, is highly reputable, their low margins notwithstanding. And Howard Lender will treat you the same if you have $2500 or $1 million in margin. I've yet to find anyone as responsive and dedicated to customer service as him. Very highly recommended.

Oh, and if you have a lifetime, multi-broker Ninja license, the historical data provided on the TT connection is ZenFire's (which is Rithmic's). That's a little secret I found out from NT support.

That's good. But look at the OP's profile:

"Broker/Data: looking for the cheapest one"

This is a clear sign of someone who doesn't know better. I'm just trying to tell him he needs to completely reconsider his entire trading plan, because he doesn't appear to know what he is doing.

This is an excellent place to start:
https://futures.io/elite-circle/11125-ask-any-trading-question.html

If you read the hundreds of posts in there it should be painfully obvious all the mistakes rookies make, and you should then be much better positioned to not do the same.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #8 (permalink)
Membership Revoked
new york city
 
Futures Experience: Intermediate
Platform: nt
Favorite Futures: es
 
SarahKrantz's Avatar
 
Posts: 42 since Apr 2013
Thanks: 10 given, 35 received


Big Mike View Post
That's good. But look at the OP's profile:

"Broker/Data: looking for the cheapest one"

This is a clear sign of someone who doesn't know better. I'm just trying to tell him he needs to completely reconsider his entire trading plan, because he doesn't appear to know what he is doing.

This is an excellent place to start:
https://futures.io/elite-circle/11125-ask-any-trading-question.html

If you read the hundreds of posts in there it should be painfully obvious all the mistakes rookies make, and you should then be much better positioned to not do the same.

Mike

No argument, but after the broker makes all the required regulatory disclosures and the customer agrees and signs off to them, it's unfair to imply a broker isn't reputable if his margins are low.

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  #9 (permalink)
Elite Member
Detroit, Michigan
 
Futures Experience: Beginner
Platform: Ninja Trader
Favorite Futures: Futures
 
Posts: 295 since Nov 2011
Thanks: 302 given, 280 received

Nice to know about the data feed as I have a lifetime, multi-broker NT license.



SarahKrantz View Post
I agree with the first sentence.

Deep Discount Trading, a Crossland subsidiary, is highly reputable, their low margins notwithstanding. And Howard Lender will treat you the same if you have $2500 or $1 million in margin. I've yet to find anyone as responsive and dedicated to customer service as him. Very highly recommended.

Oh, and if you have a lifetime, multi-broker Ninja license, the historical data provided on the TT connection is ZenFire's (which is Rithmic's). That's a little secret I found out from NT support.


Reply With Quote
 
  #10 (permalink)
Elite Member
Melbourne Victoria/Australia
 
Futures Experience: Advanced
Platform: C-trader, MT4
Broker/Data: Pepperstone
Favorite Futures: Forex, Indices
 
Melba swing's Avatar
 
Posts: 64 since May 2013
Thanks: 23 given, 20 received



budfox View Post
Hello there,

So I am considering opening an account, I am wondering if any of you have dealt with any of these brokers?


Alpari


Plus 500

Deep discount traders (Howard Lender)


XE Markets


AVA Fx

Markets.com


Generic Trade

MB Trading



What are the important issues I should be concerned with when opening an account? (aside from the obvious)

I am looking to trade the ES, and open an account with around $2500

PLease advise. Thank You.


Hi, don't know about the ones you mention or the ES but you can begin with Mirus from that price and trade the M6E. I have just taken that road myself recently.

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