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Recommendation for broker/platform/data for scalp/trading stocks


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Recommendation for broker/platform/data for scalp/trading stocks

  #1 (permalink)
w4rri0r
world's citizen
 
Posts: 45 since Oct 2015
Thanks Given: 10
Thanks Received: 7

Hi,

I'm from italy and a new Tradestation customer and I'm not currently happy with them so I'm looking for a new broker/data/platform to trade USA stocks.
I work on fast timeframes so i need something tha can be stable on fast market, fast in execution and so on....


any advice will be welcomed
thanks

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  #3 (permalink)
 
Blash's Avatar
 Blash 
Chicago, IL
Legendary Market Chamois
 
Experience: None
Platform: NT8,NT7,TWS
Broker: InteractiveBrokers, S5T, IQFeed
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
Posts: 2,311 since Nov 2011
Thanks Given: 7,341
Thanks Received: 4,518



w4rri0r View Post
Hi,



I'm from italy and a new Tradestation customer and I'm not currently happy with them so I'm looking for a new broker/data/platform to trade USA stocks.

I work on fast timeframes so i need something tha can be stable on fast market, fast in execution and so on....





any advice will be welcomed

thanks


I use and very much love this configuration: NinjaTrader, IQFeed for data, Interactive Brokers which won Barron's top spot for best broker 4 years in a row now.

https://ninjatrader.com/

https://www.iqfeed.net/

https://www.interactivebrokers.com/en/home.php

Ron


Sent from my iPhone using Tapatalk

...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
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  #4 (permalink)
 
Blash's Avatar
 Blash 
Chicago, IL
Legendary Market Chamois
 
Experience: None
Platform: NT8,NT7,TWS
Broker: InteractiveBrokers, S5T, IQFeed
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
Posts: 2,311 since Nov 2011
Thanks Given: 7,341
Thanks Received: 4,518


Blash View Post
I use and very much love this configuration: NinjaTrader, IQFeed for data, Interactive Brokers which won Barron's top spot for best broker 4 years in a row now.

https://ninjatrader.com/

https://www.iqfeed.net/

https://www.interactivebrokers.com/en/home.php

Ron


Sent from my iPhone using Tapatalk


Here is the Barron's rankings in my trade journal

Ron


Sent from my iPhone using Tapatalk

...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
The following user says Thank You to Blash for this post:
  #5 (permalink)
w4rri0r
world's citizen
 
Posts: 45 since Oct 2015
Thanks Given: 10
Thanks Received: 7


Blash View Post
I use and very much love this configuration: NinjaTrader, IQFeed for data, Interactive Brokers which won Barron's top spot for best broker 4 years in a row now.

Trading Software & Brokerage | NinjaTrader

https://www.iqfeed.net/

https://www.interactivebrokers.com/en/home.php

Ron


Sent from my iPhone using Tapatalk

so ninja as charting for stocks, iqfeed for data. ok.
i would avoid IB because of my trading style. what are my other choices? Tradeking don't allow foreign costumers...

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  #6 (permalink)
 
Blash's Avatar
 Blash 
Chicago, IL
Legendary Market Chamois
 
Experience: None
Platform: NT8,NT7,TWS
Broker: InteractiveBrokers, S5T, IQFeed
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
Posts: 2,311 since Nov 2011
Thanks Given: 7,341
Thanks Received: 4,518


w4rri0r View Post
so ninja as charting for stocks, iqfeed for data. ok.

i would avoid IB because of my trading style. what are my other choices? Tradeking don't allow foreign costumers...




Why avoid IB? I don't understand. With Ninja you trade right thru it and you never actually touch IB TWS if you don't want to save for account type stuff. You don't even touch IB's data (which is snap shots data) hence IQFeed which data rocks, best around. IB has the best executions especially for stocks and are global with multiple centers just what you should be looking for IMHO in Italy.

Ron


Sent from my iPhone using Tapatalk

...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
The following user says Thank You to Blash for this post:
  #7 (permalink)
w4rri0r
world's citizen
 
Posts: 45 since Oct 2015
Thanks Given: 10
Thanks Received: 7


Blash View Post
Why avoid IB? I don't understand. With Ninja you trade right thru it and you never actually touch IB TWS if you don't want to save for account type stuff. You don't even touch IB's data (which is snap shots data) hence IQFeed which data rocks, best around. IB has the best executions especially for stocks and are global with multiple centers just what you should be looking for IMHO in Italy.

Ron


Sent from my iPhone using Tapatalk

as i said, IB don't fit my style....with IB fees i would pay 20 to 30$ x execution wich is way too much...i need some flat fees broker like tradestation or trdeking

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  #8 (permalink)
 
Blash's Avatar
 Blash 
Chicago, IL
Legendary Market Chamois
 
Experience: None
Platform: NT8,NT7,TWS
Broker: InteractiveBrokers, S5T, IQFeed
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
Posts: 2,311 since Nov 2011
Thanks Given: 7,341
Thanks Received: 4,518


w4rri0r View Post
as i said, IB don't fit my style....with IB fees i would pay 20 to 30$ x execution wich is way too much...i need some flat fees broker like tradestation or trdeking


You need to investigate IB much much more they have every conceivable way to structure trading including flat fees for every asset class.

https://www.interactivebrokers.com/en/index.php?f=commission&p=stocks1

Ron


Sent from my iPhone using Tapatalk

...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
  #9 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
Posts: 2,493 since Sep 2010
Thanks Given: 2,440
Thanks Received: 3,789


w4rri0r View Post
Hi,

I'm from italy and a new Tradestation customer and I'm not currently happy with them so I'm looking for a new broker/data/platform to trade USA stocks.
I work on fast timeframes so i need something tha can be stable on fast market, fast in execution and so on....


any advice will be welcomed
thanks

I work with TradeStation directly, but I do not do stocks. From what I know TS works with FCM360 Joins with TradeStation | FCM360.COM If you have programmed with your method this could be a solution. Since you are trading from Europe, you need to decide what is the cause of the issue as you may experience the same with another USA broker. TS is a rock solid platform, try to reach out to your rep to see what data settings you have.

Kind regards,
Matt Z
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.
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  #10 (permalink)
w4rri0r
world's citizen
 
Posts: 45 since Oct 2015
Thanks Given: 10
Thanks Received: 7



Blash View Post
You need to investigate IB much much more they have every conceivable way to structure trading including flat fees for every asset class.

https://www.interactivebrokers.com/en/index.php?f=commission&p=stocks1

Ron


Sent from my iPhone using Tapatalk

Yesterday i did trading on SDRL with blocks of 10k shares, pyramiding my position in and out. With IB i would had payd 50$ each plus Transaction fees, pass-through fees etc etc

I think IB is good for trading few hundreds shares of high priced stocks or to short due to the low margin rates

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