might purchase a brokerage, need some info - Reviews of Brokers and Data Feeds | futures io social day trading
futures io futures trading

might purchase a brokerage, need some info
Updated: Views / Replies:658 / 2
Created: by harryguy Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Thread Tools Search this Thread

might purchase a brokerage, need some info

  #1 (permalink)
Elite Member
st. louis missouri
Trading Experience: Intermediate
Platform: tradestation
Favorite Futures: futures
Posts: 45 since Jun 2014
Thanks: 29 given, 21 received

might purchase a brokerage, need some info


Last edited by harryguy; August 29th, 2018 at 07:37 PM.
Reply With Quote
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

  #3 (permalink)
Market Wizard
Chicago Illinois USA
Trading Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
wldman's Avatar
Posts: 2,435 since Aug 2011
Thanks: 1,193 given, 3,596 received
Forum Reputation: Legendary

Lots of experience with that...

but speaking here in generalities. The selling broker might not have authority to negotiate this. The brokerage firm, if there is one, or the clearing firm, even if the same as yours, may be the ultimate authority.

DO NOT EVER agree to any compensation model for this purchase that is not TOTALLY based on client retention and solely on the continued gross production from those clients. From a regulatory perspective you MUST have full licensing and maintain all appointments PRIOR to the assumption of clients. Also the retiring broker would have to maintain all licenses and appointments including continuing education for all registrations.

Structure the comp deal so that you get paid first and have NO or as little out of pocket or expense against cash flow. You will want the "new" clients in a joint rep number with the commission split done at the firm level. This way there is no tax issue or need for you to issue 1099's. Do not agree to pay the selling broker a % based on HIS trailing twelve. Insist on face to face conferences with the selling broker and the top 25% of the accounts. Make sure both spouses are present and get a commitment to transition the relationship at those meetings. Insist on reviewing BOTH the posting book and client account statements. Don't buy a book that is blown up or blowing up.

This is a relationship business, if you can not establish relationship as trusted adviser in the first year the deal is "off". Really best to do a transition year or two depending on the book and type of business.

Reply With Quote
The following 3 users say Thank You to wldman for this post:


futures io > > > > might purchase a brokerage, need some info

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

Journal Challenge $1600 in Prizes & Free Journalytix for all participants!


3 Excellent Entries, and How To Automate Them w/Kevin Davey

Feb 21

The Driving Force Behind the Market w/Earn2Trade

Mar 5

TBA w/Stage5 & iSystems

Mar 12

TBA w/John Grady @ No BS Day Trading

Mar 19

Day Trading Oil Futures: Reducing Risk & Increasing Profits w/DTN IQFeed

Mar 26

Similar Threads
Thread Thread Starter Forum Replies Last Post
Best EOD one off purchase charting software? timmymagic07 Platforms and Indicators 7 May 8th, 2013 11:47 PM
BOJ Failed to Draw Enough Offers in Debt Purchase kbit News and Current Events 0 May 16th, 2012 08:24 PM
US Mortgage Purchase Applications at 15-Year Low Quick Summary News and Current Events 0 August 24th, 2011 08:30 AM
Italian Banks Slump After Bond Purchase Report Quick Summary News and Current Events 0 July 27th, 2011 07:10 AM
Purchase Power: Will It Make You Happy? Quick Summary News and Current Events 0 August 8th, 2010 10:40 AM

broker, brokerage, brokers, buy, commission, information, split, type

All times are GMT -4. The time now is 07:41 PM. (this page content is cached, log in for real-time version)

Copyright © 2019 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432 WhatsApp Business, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2019-02-20 in 0.19 seconds with 14 queries on phoenix