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Optimus Futures trading broker review
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Optimus Futures trading broker review

  #621 (permalink)
Legendary Market Wizard
Boca Raton
 
Trading Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,364 since Sep 2010
Thanks: 2,302 given, 3,404 received


Teflonman View Post
I highly recommend Tradovate. I use Sierra Charts with them. Their customer service is fantastic and the best part, $2.88 a ROUND TURN ALL IN (all fees (clearing, exchange, transaction, routing, NFA)) is what I get on their $99 a month active trader plan! Ask any broker if they can match that. I might be wrong, but I doubt it. Check them out.


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The reason that brokers do not match this model is that it is not a model that is trader friendly, in my opinion.
It is not $99 per month, it is $99 per month prepaid annually, about $1,200. Pretty "smart" to charge such a fee upfront and then be tied up to one platform(!).

When beginner traders build their models in paper trading, they often overtrade and overestimate the number of trades they will do, and promos such "$99 per month" would appeal to them.

I respect my competition, but you can get low commissions fees with us without ANY upfront costs.

Thanks,
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.

Last edited by mattz; June 23rd, 2019 at 09:05 PM.
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  #622 (permalink)
Stuart, FL
 
Trading Experience: Beginner
Platform: Sierra Chart
Favorite Futures: ES
 
Posts: 6 since Apr 2019
Thanks: 15 given, 7 received

I appreciate everyone's responses, however, it was never my intention to distract from the purpose of this thread. I have to say I was highly impressed by Matt’s sincere and gracious response to my complaint. I think many people would have gotten defensive in that situation. Sorry for the cliché, but I feel he has turned a negative into a positive.


Last edited by JohnCanoe; June 23rd, 2019 at 07:38 PM.
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  #623 (permalink)
Legendary Market Wizard
Boca Raton
 
Trading Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,364 since Sep 2010
Thanks: 2,302 given, 3,404 received



JohnCanoe View Post
I appreciate everyone's responses, however, it was never my intention to distract from the purpose of this thread. I have to say I was highly impressed by Matt’s sincere and gracious response to my complaint. I think many people would have gotten defensive in that situation. Sorry for the cliché, but I feel he has turned a negative into a positive.

Thank you for saying this. Your comments also allowed me to reflect on my communications with newcomers.
The initial conversation is always a way to explore whether both parties could have a long term relationship, and that is where I typically excel (in exploring where we could be most beneficial to customers). It's a delicate situation because I never want to make the customer feel pressured, and at the same time, decide if we are indeed a match.

Your comments were a much-needed reminder that sometimes I have to help the customer come up with the right question as well. I always did it, and regret that I did not do that with you when you needed help.

We are looking forward to helping you! Please get in touch soon.

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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  #624 (permalink)
Memphis Tennesse/USA
 
Trading Experience: Advanced
Platform: ThinkorSwim
Favorite Futures: NQ
 
Teflonman's Avatar
 
Posts: 6 since Oct 2015
Thanks: 3 given, 13 received

Optimus Futures trading broker review


mattz View Post
The reason that brokers do not match this model is that it is not a model that is trader friendly, in my opinion.

It is not $99 per month, it is $99 per month prepaid annually, about $1,200. Pretty "smart" to charge such a fee upfront and then be tied up to one platform(!).



When beginner traders build their models in paper trading, they often overtrade and overestimate the number of trades they will do, and promos such "$99 per month" would appeal to them.



I respect my competition, but you can get low commissions fees with us without ANY upfront costs.



Thanks,

Matt Z

Optimus Futures



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



“Deleted”

TeFLoN

Last edited by Teflonman; June 24th, 2019 at 12:43 PM.
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  #625 (permalink)
Legendary Market Wizard
Boca Raton
 
Trading Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,364 since Sep 2010
Thanks: 2,302 given, 3,404 received


Teflonman View Post
I’m always open to lower my costs. Btw, it is $99 a month monthly. Not paid up front. You can get $79/month if you pay for a year. If you can get me a better deal than 2.88/round turn with CQG and 4.95 daily I’m all ears.

Yes, you are right. It is $79 per monthX12 upfront ($948).
As I mentioned above, we do not charge customer upfront (or per month) because it is not our model.
Now that I looked at their site again, I see there is an offer without any monthly fees that pretty much the same as all brokers or higher than what some of our customers pay. It just tells me that they had to add it because someone did the math and realize that upfront and monthly costs are not worth it for them. If it is worth it for you, you can stay with them (not being sarcastic). We did move or added customers who used your broker.

When it comes to commissions and technology, we do an in-depth discussion of what is best for the customers. For example, some of our guys can use CQG directly across multiple platforms like CQG (including Multicharts, which is free with AMP, along with other CQG platforms). Again, no upfront costs except when you trade.

Also, we can move customers between different data feeds, CQG, Rithmic, CTS, and TT is they find that one data feed performs better than another. While commissions are essential, your latency and executions have a much more profound effect on your performance. Since you mentioned Sierra, Now Sierra supports TT as their lower cost solution, so it is crucial to have the ability to move from one feed to another if you are provided with a different solution.
Also, we have our own web-based interface used with the Rithmic data feed.

Another factor is FCM where your funds reside. We have the ability to place customers funds in highly capitalized FCMs (ADM, Wedbush), which are very important to highly capitalized customers.

I would kindly like to end the discussions here ( with your permission) about your particular arrangement and invite you to call me to do the math if you are indeed savings money. I can provide you with a commissions schedule.

This thread is for customers and potential customers of Optimus Futures who provide us with feedback to improve my operations.

Matt Z
Optimus Futures

There is a substntial rik 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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  #626 (permalink)
Memphis Tennesse/USA
 
Trading Experience: Advanced
Platform: ThinkorSwim
Favorite Futures: NQ
 
Teflonman's Avatar
 
Posts: 6 since Oct 2015
Thanks: 3 given, 13 received

Sounds good. Sorry I should not have hijacked your thread.


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TeFLoN
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