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Any one have experience or info on Transact Futures?
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Any one have experience or info on Transact Futures?

  #1 (permalink)
Just starting out...
San Francisco
 
Futures Experience: Advanced
Platform: Sierra Charts
Favorite Futures: CL Futures
 
Posts: 4 since Apr 2011
Thanks: 0 given, 2 received

Any one have experience or info on Transact Futures?

Hi,

First time poster here. I've been using IB for almost 10 years for stocks but started trading futures exclusively the last 2 years. I use Sierra Charts and found it to be an excellent software and just what I need. I'm now looking for a good broker to use with Sierra Charts and that has a good tick data feed. From reading other posts, TT with Velocity seems good. Has anyone used Transact Futures? I've been using their demo for a week and it seems good for trading CL future so far. But any info on their reliability and rating would be appreciated.

Thanks.

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  #2 (permalink)
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  #3 (permalink)
Elite Member
Kent, England
 
Futures Experience: Intermediate
Platform: Sierra
Broker/Data: Infinity
Favorite Futures: Oil
 
Mickey Caine's Avatar
 
Posts: 196 since Jul 2009
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Been using the Transact Dom via Infinity Futures for several years. Found the Dom to be very stable, problems are extremely rare, furthermore I have found the customer service to be 2nd to none. Love the fact that the dom knows what style of order to place depending on where you are clicking, much more user friendly than other platforms, which in turn makes user error far less frequent.

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  #4 (permalink)
Just starting out...
San Francisco
 
Futures Experience: Advanced
Platform: Sierra Charts
Favorite Futures: CL Futures
 
Posts: 4 since Apr 2011
Thanks: 0 given, 2 received

Thanks for the info. I am looking at them and Optimus. Any experience with them?

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  #5 (permalink)
Elite Member
Lagos, Nigeria
 
Futures Experience: Intermediate
Platform: NinjaTrader, SierraChart
Favorite Futures: Euro Currency & Oil
 
lolu's Avatar
 
Posts: 2,440 since Jun 2009
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Mickey Caine View Post
Been using the Transact Dom via Infinity Futures for several years. Found the Dom to be very stable, problems are extremely rare, furthermore I have found the customer service to be 2nd to none. Love the fact that the dom knows what style of order to place depending on where you are clicking, much more user friendly than other platforms, which in turn makes user error far less frequent.

What's your experience on their Commission and other charges ?

Lolu

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  #6 (permalink)
Trading for Fun
Windsor, ON, Canada
 
Futures Experience: Advanced
Platform: SierraCharts
Broker/Data: IB
Favorite Futures: Movement
 
Trader Y's Avatar
 
Posts: 58 since Dec 2010
Thanks: 14 given, 22 received

I used Infinity/Transact for over a year. They are decent. The DOM was good and easy to use. Service is excellent as well. Commission is what discouraged me in the end. CL, GC, NG, 6E are almost $6 RT. It sort of adds up when you start trading more frequently or bigger sizes.

I used the Rithmic feed for a few months and was not happy at all. While I swear the feed is lightning fast, like faster than I have have seen from others (which was good), there were random drops & outages during volatility. That is no good when trading volatile markets.

I also started with Sierra Charts and still use it today except I'm trading directly through Sierra's charting. It's great. I am using Deep Discount Trading currently with the TT feed. Price is excellent and support is amazing as well. For example RT on CL/GC is $4.14.

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  #7 (permalink)
Elite Member
Malaysia
 
Futures Experience: Beginner
Platform: Multichart DT
Broker/Data: MB Trading
Favorite Futures: Fx
 
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Posts: 273 since Nov 2009
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Trader Y View Post
I used Infinity/Transact for over a year. They are decent. The DOM was good and easy to use. Service is excellent as well. Commission is what discouraged me in the end. CL, GC, NG, 6E are almost $6 RT. It sort of adds up when you start trading more frequently or bigger sizes.

I used the Rithmic feed for a few months and was not happy at all. While I swear the feed is lightning fast, like faster than I have have seen from others (which was good), there were random drops & outages during volatility. That is no good when trading volatile markets.

I also started with Sierra Charts and still use it today except I'm trading directly through Sierra's charting. It's great. I am using Deep Discount Trading currently with the TT feed. Price is excellent and support is amazing as well. For example RT on CL/GC is $4.14.

$4.14 does that include exchange, platform, data charges?

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  #8 (permalink)
Trading for Fun
Windsor, ON, Canada
 
Futures Experience: Advanced
Platform: SierraCharts
Broker/Data: IB
Favorite Futures: Movement
 
Trader Y's Avatar
 
Posts: 58 since Dec 2010
Thanks: 14 given, 22 received

Sierra Platform is $18 a month. Exchange & data fees are included in that cost, yes.

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  #9 (permalink)
Elite Member
Malaysia
 
Futures Experience: Beginner
Platform: Multichart DT
Broker/Data: MB Trading
Favorite Futures: Fx
 
torroray's Avatar
 
Posts: 273 since Nov 2009
Thanks: 52 given, 59 received


Trader Y View Post
Sierra Platform is $18 a month. Exchange & data fees are included in that cost, yes.

Thats quite good but how about their daytrade margin, are they competitive comparing the likes of Mirus?

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  #10 (permalink)
Trading for Fun
Windsor, ON, Canada
 
Futures Experience: Advanced
Platform: SierraCharts
Broker/Data: IB
Favorite Futures: Movement
 
Trader Y's Avatar
 
Posts: 58 since Dec 2010
Thanks: 14 given, 22 received


Ah, 25% on full size contracts and 10% for mini's - intraday that is.

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