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Opening a broker account with no trading experience
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Opening a broker account with no trading experience

  #1 (permalink)
Trading Apprentice
Chippenham. UK
 
Futures Experience: Beginner
Platform: NinjaTrader & MultiCharts (initial testing)
Broker/Data: NinjaTrader/CQG
Favorite Futures: TF
 
Posts: 6 since Aug 2013
Thanks: 2 given, 0 received

Opening a broker account with no trading experience

After some time spent trading with market data, I now want to open a brokerage account to trade ES futures.
I am using NinjaTrader for charting and plan to get a datafeed from Kinetick ($50/month).
When I went to open an account with Interactive Brokers, I had to declare that I had over 100 trades! This blocks new traders from opening an account.

Can anyone recommend a brokerage with reasonable commisions for the ES which caters to new traders?


Last edited by rsilk; August 27th, 2013 at 10:49 AM.
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  #2 (permalink)
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  #3 (permalink)
Elite Member
Midwest, USA
 
Futures Experience: None
Platform: Ninja, ToS
Broker/Data: Kinetick/NT Brokerage
Favorite Futures: 6E, GC
 
Orion's Avatar
 
Posts: 17 since Aug 2013
Thanks: 108 given, 52 received


If you're going to be trading the ES with Kinetick you're going to have to pay 100 a month; 50 for base 30 for the CME ES instrument and 20 for market depth. Just wanted to give you a little heads up on that. Try Mirus futures.

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  #4 (permalink)
Elite Member
Pompano Beach, Florida, USA
 
Futures Experience: Beginner
Platform: S5 Trader, Ninja Trader
Broker/Data: Stage5/ IQfeed
Favorite Futures: M6E, M6A, 6E, 6A, ES
 
lifeguardsteve88's Avatar
 
Posts: 159 since Jun 2013
Thanks: 272 given, 115 received


rsilk View Post
After some time spent trading with market data, I now want to open a brokerage account to trade ES futures.
I am using NinjaTrader for charting and plan to get a datafeed from Kinetick ($50/month).
When I went to open an account with Interactive Brokers, I had to declare that I had over 100 trades! This blocks new traders from opening an account.

Can anyone recommend a brokerage with reasonable commisions for the ES which caters to new traders?

Stage Five Trading was my choice as a new trader. Good rates with mentorship that caters to new traders. Mirus also seems to be a good choice (I have no direct experience with them) from my research.

Cheers!

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  #5 (permalink)
Trading Apprentice
Chippenham. UK
 
Futures Experience: Beginner
Platform: NinjaTrader & MultiCharts (initial testing)
Broker/Data: NinjaTrader/CQG
Favorite Futures: TF
 
Posts: 6 since Aug 2013
Thanks: 2 given, 0 received

Mirus will permit account holders in Ontario, Canada but Stage5 does not. So it looks like Mirus could be the best option for my needs.

tx
.rs

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  #6 (permalink)
bRoKeN
Houston, TX/USA
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: Sierra Charts Data Feed
Favorite Futures: Futures
 
Chrismind's Avatar
 
Posts: 68 since May 2013
Thanks: 40 given, 101 received

They don't check. Just say what they want to hear.

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  #7 (permalink)
 Vendor: www.iqfeed.net 
Omaha NE
 
Futures Experience: Intermediate
Platform: IQFeed compatible
Favorite Futures: ES
 
Robert Carrillo's Avatar
 
Posts: 271 since Jun 2012
Thanks: 234 given, 374 received


rsilk View Post
Mirus will permit account holders in Ontario, Canada but Stage5 does not. So it looks like Mirus could be the best option for my needs.

tx
.rs

rsilk,

For your information, once your account with Mirus is funded, you will qualify for Globex Exchange Fee Waivers for CBOT, CME, COMEX and NYMEX. You won't have to pay the exchange fee for CME mini (or the other exchanges mentioned).

Contact Kinetick support for details.

Best in your trading,

Robert

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