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Optimus Futures trading broker review
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Optimus Futures trading broker review

  #191 (permalink)
Trading for Fun
NY
 
Futures Experience: Advanced
Platform: NinjaTrader
 
Posts: 88 since Sep 2009
Thanks: 52 given, 20 received


Futures Operator View Post
Matt, could you address my post please?

"Any updates on this? Would be nice to have a daily max loss limit feature at the account level, like some fcm's offer. "

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  #192 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 1,993 since Sep 2010
Thanks: 1,886 given, 2,681 received
Forum Reputation: Legendary


paulg View Post
"Any updates on this? Would be nice to have a daily max loss limit feature at the account level, like some fcm's offer. "

So far we have implemented an overall stop for the account specified by an amount, but not on a daily basis.

Matt

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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  #193 (permalink)
Trading for Fun
NY
 
Futures Experience: Advanced
Platform: NinjaTrader
 
Posts: 88 since Sep 2009
Thanks: 52 given, 20 received



mattz View Post
So far we have implemented an overall stop for the account specified by an amount, but not on a daily basis.

Matt

Matt,

Thanks for your feedback. Well, clearly any customer with any clearer/cannot keep a position open without a specific level of money available in his/hear account; so incidentally there is an 'overall stop' that forces to close the position in order to protect the clearer according to some risk management thresholds.

So what do you mean by amount but not referred to a daily basis?
Regards,
Paul

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  #194 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 1,993 since Sep 2010
Thanks: 1,886 given, 2,681 received
Forum Reputation: Legendary


paulg View Post
So what do you mean by amount but not referred to a daily basis?
Regards,
Paul

Since I use Rithmic for majority of my platforms, one of the risk parameters allows us to specify an overall amount you want to quit at. For example, let's say you $5K, and you want to have a stop at $1,500 and then quit.
At that point, the system will go flat according to my understanding.

Matt

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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  #195 (permalink)
Elite Member
Tampa, Florida/USA
 
Futures Experience: None
Platform: eSignal
Broker/Data: Optimus/Rithmic
Favorite Futures: CL, ES
 
Posts: 2 since Jan 2013
Thanks: 30 given, 2 received

Hi Everyone

This is my first post here on futures.io (formerly BMT). I've been trading stocks since 2001 and futures since 2006. I've had equity accounts with 4 different discount brokers and and did all of my futures and some equities trading for the past several years through another quite popular discount broker. Last October I had some issues with the aforementioned broker and so I begrudgingly decided to undergo the very unpleasant task of yet again searching for a new broker. Fortunately, one of my searches brought my attention to this blog and subsequently turned me on to Optimus Trading. (Much thanks to you all who posted and made my search much easier this time around)!

After reading a number of threads here, including this one, I gave Optimus a call this past Thursday afternoon, asked a couple of questions which were quickly and easily answered to my satisfaction by Jennifer and Chad, and decided to open an account. Within an hour of completing the application I received an unsolicited call from Matt, who gave me a little over an hour of his time. He showed a genuine interest in my trading requirements and made it clear that he was available to provide any assistance I might need in the transition over to their brokerage/platform.

If I hadn't botched the wire transfer process on Monday, (and if my now prior broker hadn't held off communicating my error to me until after the market closed that day), I would have been trading by Wednesday morning. The money did finally transfer by Wednesday evening and by 9:30 this morning I had received the necessary information from Vision Financial to run integrated trading through eSignal with the Rithmic data feed. I'm not a computer/tech type person but the instruction provided was clear and easy to follow effortlessly. I had a rare technical issue with my charting platform, unrelated to Optimus or Rithmic, and needed to run some errands after so I was not able to trade today until 2pm. I had one successful ES scalp for 3.5 and 4 points and can tell from that one trade that there is a CONSIDERABLE difference between the data coming from Rithmic and what I was receiving from my prior broker. Since I am not a tech person I don't know how to explain it in that way, but suffice it to say I have been very focused on trading ES and CL every market day for several years, and so I'm quite familiar with the movement of the data feed from my broker. Using Rithmic had me feeling like I had been trading in the dark all this time, not really seeing what was actually going on, so it was as if someone had turned on the lights when I hadn't even been aware that I was sitting in the dark. I am very much looking forward to this new experience of trading "with my eyes open".

Thanks again to all who gave input here. I'll do my best to reciprocate over time.

For anyone looking for a broker at this point I highly recommend giving Optimus a call and talk with Matt if he's available. Based upon my experience with them so far I will be recommending them to anyone who inquires.

Take care.

Rich

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  #196 (permalink)
Elite Member
Haifa Israel
 
Futures Experience: Beginner
Platform: sierra chart
Broker/Data: Optimus Trading Group/Rithmic
Favorite Futures: es
 
Posts: 90 since Apr 2012
Thanks: 49 given, 65 received

My experience with Optimus has been just the same and their Rithmic feed is a true unfiltered tick by tick feed. Btw, the combination of Optimus+Rithmic+Sierra Chart has some special benefits. Matt will tell you about it if you are interested.

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The following 2 users say Thank You to yonatan for this post:
 
  #197 (permalink)
Trading for Fun
NY
 
Futures Experience: Advanced
Platform: NinjaTrader
 
Posts: 88 since Sep 2009
Thanks: 52 given, 20 received


yonatan View Post
My experience with Optimus has been just the same and their Rithmic feed is a true unfiltered tick by tick feed. Btw, the combination of Optimus+Rithmic+Sierra Chart has some special benefits. Matt will tell you about it if you are interested.

Are these 'special benefits' a secret?

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The following user says Thank You to paulg for this post:
 
  #198 (permalink)
Elite Member
Tampa, Florida/USA
 
Futures Experience: None
Platform: eSignal
Broker/Data: Optimus/Rithmic
Favorite Futures: CL, ES
 
Posts: 2 since Jan 2013
Thanks: 30 given, 2 received


yonatan View Post
My experience with Optimus has been just the same and their Rithmic feed is a true unfiltered tick by tick feed. Btw, the combination of Optimus+Rithmic+Sierra Chart has some special benefits. Matt will tell you about it if you are interested.

Just wrapped up my first full day of trading. Rithmic was quite a pleasant difference from what I've been used to! I'll check Sierra Charts out but, to be honest, I am quite pleased with my eSignal experience since 2001 so it would be pretty tough to get me to change, but redundancy is always a good thing so I'm open. Thanks for the head's up!

Rich

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  #199 (permalink)
Elite Member
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 719 since Oct 2011
Thanks: 624 given, 2,441 received


TRich View Post
Just wrapped up my first full day of trading. Rithmic was quite a pleasant difference from what I've been used to! I'll check Sierra Charts out but, to be honest, I am quite pleased with my eSignal experience since 2001 so it would be pretty tough to get me to change, but redundancy is always a good thing so I'm open. Thanks for the head's up!

Rich

I've been with them almost 2 years now..and I have yet to submit an order that wasn't filled immediately. After some pretty negative experiences with other brokers over the years, I am quite relieved to have found Optimus.

Failure is not an option
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The following user says Thank You to lancelottrader for this post:
 
  #200 (permalink)
Trading Apprentice
Zurich, Switzerland
 
Futures Experience: Intermediate
Platform: TWS
Favorite Futures: 6E
 
Posts: 13 since Jan 2013
Thanks: 21 given, 0 received


Guys, I'm looking at several brokers including Optimus/Vision for opening an account.

1. What is the relationship between Optimus and Vision ? Are they the same company ?
2. Are their commissions competitive with Deep Discount Trading's ?

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