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Recommendation for broker/platform for scalp trading Futures


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Recommendation for broker/platform for scalp trading Futures

  #1 (permalink)
bickolas
Anaheim + CA/USA
 
Posts: 2 since Jan 2016
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Hello.

I am looking into trying to trade Futures. I have a paper trading account with TDAmeritrade so I was trading Futures with ToS. I think that ToS is a bit clunky and some people mentioned that if you are trying to get just a few ticks at a time (scalping) then ToS isn't a good platform to use, and also TDA has higher than usual commissions.

I am wondering for anyone that has tried scalping or does it regularly, if there are recommendations for brokers/platforms?

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  #3 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
Posts: 2,493 since Sep 2010
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bickolas View Post
Hello.

I am looking into trying to trade Futures. I have a paper trading account with TDAmeritrade so I was trading Futures with ToS. I think that ToS is a bit clunky and some people mentioned that if you are trying to get just a few ticks at a time (scalping) then ToS isn't a good platform to use, and also TDA has higher than usual commissions.

I am wondering for anyone that has tried scalping or does it regularly, if there are recommendations for brokers/platforms?

I would recommend Sierra +Rithmic or X Trader (Now could be fee based per transaction)

Thanks,
Matt
Optimus Futures

There is a risk of loss in futures trading. Past performance is not indicative of future results.

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]
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  #4 (permalink)
 
paps's Avatar
 paps 
SF Bay Area + CA/US
 
Experience: None
Platform: TS, TOS, Ninja(Analytics)
Trading: NQ CL, ES when volatile mrkts
Posts: 1,739 since Oct 2011
Thanks Given: 2,176
Thanks Received: 1,726

I love Tradestation and am sure Matt can help you with understanding that.

For Order Flow and certain events I follow it has to be NinjaTrader.

Cheers n best

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  #5 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
Posts: 2,493 since Sep 2010
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paps View Post
I love Tradestation and am sure Matt can help you with understanding that.

For Order Flow and certain events I follow it has to be NinjaTrader.

Cheers n best

Indeed TradeStation is great...we would be more than happy to offer that if request.

Matt
Optimus Future

There is a risk of loss in futures trading. Past performance is not indicative of future results.

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]
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  #6 (permalink)
 jokertrader 
NYC, NY
 
Experience: Intermediate
Platform: Sierra, TT
Broker: N/A
Trading: Spread Researcher and crypto degen
Posts: 654 since May 2013
Thanks Given: 545
Thanks Received: 360

Do u need bracket order?
Do u need just OCO?
Are u looking for something that u can make automated later?
what instruments?

Im down this road as well

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  #7 (permalink)
 MacroNinja 
Buenos Aires Argentina
 
Experience: Advanced
Platform: NT, MT4, Sierra
Trading: S&P, Bonds, Crude, FX
Posts: 250 since Sep 2014
Thanks Given: 37
Thanks Received: 256

How much volume are you looking to trade? If you're say just doing 300 round turns a month, then any of the normal brokers, IB, Infinity, etc should all be fine.

If you're doing something north of say 2,500 and need X-Trader, then probably best to reach out to one of the shops out in Chicago to negotiate the volume discounts.

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  #8 (permalink)
 
traderalex81's Avatar
 traderalex81 
Bellevue, WA
 
Experience: Advanced
Trading: Futures
Posts: 18 since Apr 2010
Thanks Given: 2
Thanks Received: 41

I was also looking for new broker recently and decided to go with stage5trading They have great reviews on investimonials

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  #9 (permalink)
RnDI
Brisbane, QLD, Australia
 
Posts: 2 since Jan 2016
Thanks Given: 3
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Does anyone trade with Nadex?

Looking for feedback.

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  #10 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,398 since Jun 2009
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RnDI View Post
Does anyone trade with Nadex?

Looking for feedback.

Search nadex and use the existing thread.

Mike

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