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Searching reliable broker with low commisions
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Searching reliable broker with low commisions

  #31 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
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Posts: 2,042 since Sep 2010
Thanks: 1,912 given, 2,750 received
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Blash View Post
There is also Jack D. Schwager's latest project https://fundseeder.com/home

Though it is a different approach. Seems to me more legitimate perhaps????

Ron

Closer the way that money is being allocated in the industry, ie REAL track record based on real trades.

Matt Z
Optimus Futures

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

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #32 (permalink)
Market Rincewind
Prague
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: CL, ES, ZN
 
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Posts: 176 since Jan 2017
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rleplae View Post
There are also a few companies, where for a minimal fee, you can proof you can trade
and then you can trade their money and keep 80%

Maybe this could also be something of interest for you,
it will also force you to apply rigid risk control parameters
in order to stay in the game

The money you then need to invest is very minimal, at least to start with...

Guys, thanks for anwser, but is this way trully legit? Do they trully profit from 20%? They will just let me trade their money and give me 80% of profits? I dont get it! When I open their web pages, it seems to me like they are trying to sell me a dream. That test that proves me worthy would have to be incredibly difficult, how can they let a stranger trade their real money?

If I had prop shop, I would want to know each of my traders personally and study his every move at start. Also, do they get 20% of profit of everything I sell? So I have 20% smaller profits and 20% bigger losers?

How can they give me 80% of profits when they risk all the money? That doesnt make any sense to me. If it was a 20%, ok, that would make some sense according to risk reward!

"A journey of a thousand miles starts under one's feet."

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  #33 (permalink)
Elite Member
Omer עומר / Israel י
 
Futures Experience: Master
Platform: NinjaTrader, Proprietary,
Broker/Data: Ninjabrokerage/IQfeed + Synthetic datafeed
Favorite Futures: 6A, 6B, 6C, 6E, 6J, 6S, ES, NQ, YM, AEX, CL, NG, ZB, ZN, ZC, ZS, GC
 
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Mlok View Post
Guys, thanks for anwser, but is this way trully legit? Do they trully profit from 20%? They will just let me trade their money and give me 80% of profits? I dont get it! When I open their web pages, it seems to me like they are trying to sell me a dream. That test that proves me worthy would have to be incredibly difficult, how can they let a stranger trade their real money?

If I had prop shop, I would want to know each of my traders personally and study his every move at start. Also, do they get 20% of profit of everything I sell? So I have 20% smaller profits and 20% bigger losers?

How can they give me 80% of profits when they risk all them oney? That doesnt make any sense to me. If it was a 20%, ok, that would make some sense according to risk reward!

There are a few dedicated threads on this on the forum,
you may want to read those and eventually ask somebody that passed it and received $$$

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  #34 (permalink)
Market Rincewind
Prague
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: CL, ES, ZN
 
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Posts: 176 since Jan 2017
Thanks: 132 given, 178 received


rleplae View Post
There are a few dedicated threads on this on the forum,
you may want to read those and eventually ask somebody that passed it and received $$$

Hmm ok I will do that BTW which one out of those "prop shops" would you reccomand to try?

"A journey of a thousand miles starts under one's feet."

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  #35 (permalink)
Elite Member
Omer עומר / Israel י
 
Futures Experience: Master
Platform: NinjaTrader, Proprietary,
Broker/Data: Ninjabrokerage/IQfeed + Synthetic datafeed
Favorite Futures: 6A, 6B, 6C, 6E, 6J, 6S, ES, NQ, YM, AEX, CL, NG, ZB, ZN, ZC, ZS, GC
 
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Posts: 2,414 since Sep 2013
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Mlok View Post
Hmm ok I will do that BTW which one out of those "prop shops" would you reccomand to try?

I think TST is leading in this space

TST allows you to try them for free, for 2 weeks
you will find hundreds of FIO members who tried TST, so you can find experience/comments
They are long in this business, so they have a bit of a track record

They did a few webinars, start listening to it and do your due dilligence

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  #36 (permalink)
Market Rincewind
Prague
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: CL, ES, ZN
 
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Posts: 176 since Jan 2017
Thanks: 132 given, 178 received


rleplae View Post
I think TST is leading in this space

So basically they say: pay some money to us, get sim account, make it to profit target, then you get a funded account. I will also have to buy a lifetime license and data and so on, but I can use their account to trade and share profits. Well it sounds good, only problem is while they keep up to this and if I will be able to rade however I want after I pass the trial.

I will have to stody this problematic some more. I would love to speak with someone that passed the trial and is happy with trading this way to see if it is worth

"A journey of a thousand miles starts under one's feet."

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  #37 (permalink)
Elite Member
Omer עומר / Israel י
 
Futures Experience: Master
Platform: NinjaTrader, Proprietary,
Broker/Data: Ninjabrokerage/IQfeed + Synthetic datafeed
Favorite Futures: 6A, 6B, 6C, 6E, 6J, 6S, ES, NQ, YM, AEX, CL, NG, ZB, ZN, ZC, ZS, GC
 
rleplae's Avatar
 
Posts: 2,414 since Sep 2013
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Mlok View Post
So basically they say: pay some money to us, get sim account, make it to profit target, then you get a funded account. I will also have to buy a lifetime license and data and so on, but I can use their account to trade and share profits. Well it sounds good, only problem is while they keep up to this and if I will be able to rade however I want after I pass the trial.

I will have to stody this problematic some more. I would love to speak with someone that passed the trial and is happy with trading this way to see if it is worth

You may want to look here :

https://futures.io/vendors-product-reviews/27262-list-fio-traders-who-have-passed-topsteptrader-combine-funded.html

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  #38 (permalink)
Market Rincewind
Prague
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: CL, ES, ZN
 
Mlok's Avatar
 
Posts: 176 since Jan 2017
Thanks: 132 given, 178 received



Thanks. I red majority of that thread. I think I see that there is no flaw in their risk / reward ratio. I wonder how many true trading accounts there is, seems to me that they can just go demo on everything and if someone occationaly gets to the point he can take some profits, before he loses that account somehow, they can pay him from other people subscriptions

Anyway I see that their rules are basically legitimate rules that flawless trading strategy needs to have. You can argue that "if I cannot meet those rules, I wont be able to trade profitably on my own anyway." In theory, yes, also I know that I am undercapitalised. But once I get something going, I can stop for two months, or ten days, or take huge loss and slowly rebuild my capital, or lose everything and take year or two rebuliding everything. I can set my own rules according to my own psychology. I can start where I left at any point. Relying on myslf only (well and my broker).

I think I am a lucky person, long term, but short term I am very unlucky. Dices, cards and so on, I am not that lucky highroller child I want to relly on myself and for that reason I will continue to pursue trading with my own money. I am very glad for a nice alterantice you presented tho!

"A journey of a thousand miles starts under one's feet."

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  #39 (permalink)
Trading Apprentice
Cookeville, TN
 
Futures Experience: Advanced
Platform: R|Trader, Thinkorswim
Favorite Futures: CL, RB, 6E, ZB, DX
 
Posts: 41 since Oct 2011
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Mlok View Post
Hello. I would love to get some help, since finding anything reliable in sea of google adds became pain!

I am not happy with my current broker commisions and I would like to find another broker that:

1) Accept oversea customer
2) Offers low commisions
3) Little or no monthly fees since there are weeks I dont trae at all
4) Low initial deposit

I use a Ninjatrader for analysis, then a separate broker to execute. I dont need much, just simple interface to set a market/limit order and a stoploss. I will take care about other things in my Ninjatrader.

Edit: I am trading futures, grains, natural gas and so on.

Looks like no one has suggested Interactive Brokers...maybe I missed a piece of the puzzle in solving your dilemma, but they interface with NT last I checked, they accept non-US customers, and commissions (at least to US customers trading US exchanges) are quite low. Criterion #4 is where they might fall flat for you...in the US, their minimum to open an account is $10,000.

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  #40 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, TWS, Vantage
Broker/Data: DeCarley, IAB, RJO
Favorite Futures: Commodities
 
Posts: 1,087 since Nov 2014
Thanks: 1,438 given, 1,290 received
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Mlok View Post
Hello. I would love to get some help, since finding anything reliable in sea of google adds became pain!

I am not happy with my current broker commisions and I would like to find another broker that:

1) Accept oversea customer
2) Offers low commisions
3) Little or no monthly fees since there are weeks I dont trae at all
4) Low initial deposit

I use a Ninjatrader for analysis, then a separate broker to execute. I dont need much, just simple interface to set a market/limit order and a stoploss. I will take care about other things in my Ninjatrader.

Edit: I am trading futures, grains, natural gas and so on.

It is not sufficiently clear to me what you are looking for. I have recent experience with three Brokers:

Interactive Brokers: Very low fee, very limited service, problems to sell naked options, you can trade very many exchanges.

De Carley: Acceptable fee, excellent service, they appreciate the service for clients selling naked options.

RJO: Acceptable fee, good service, excellent free material for customers on grains fundamentals.

Best regards, Myrrdin

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