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latter one (AMP) looks interesting related to low margin and commission/fees. Unfortunately I read a lot of negative comments in forums and in the net about AMPfutures ( example)
Tradovate has not as low margins for FDAX and FDXM as NTB or AMP, therefore I cannot consider them further.
anyone has some more suggestions of a good broker with low margins ?
I can't speak to your experience but I would like to give my opinion and perspective on AMP. I've been with them for over a decade now and there were a few times when I needed to call in and I NEVER had anyone who was unprofessional or rude... In fact the help desk seemed to go out of their way to help me with my needs. Markets can be volatile both day and night sessions and AMP customer support is always there when needed 24 hours per day. If I ever would had a bad experience with AMP I would left a long time ago but that is clearly not the case. I would recommend them to anyone, not to mention they are very competitive in their costs and margins. In regards to Tradovate, I have looked at them and what I can say is that it took several phone calls and emails to finally get some accurate info because I was being given conflicting numbers on their costs and margins. I do not have an account there, however. Happy Trading!
For instance, you can open an account directly with AMP, which is glad to get it. Or you can use an IB that connects their customers to AMP as an FCM. There are many FCM's like this.
To take one example, here is a list of FCM's that Optimus Futures, an Introducing Broker, will open an account with: https://optimusfutures.com/Select-Futures-Clearing-Merchant.php . You will recognize many of the names. I know that you could go to some or all of them directly, including AMP, TradeStation and others. (I have never dealt with Optimus myself and have no opinion of them one way or the other. I am just using them as an example.)
I am not either plugging nor criticizing Optimus, which is run by our member @mattz, nor am I criticizing or downplaying the role of an IB. There may be added value provided by a particular IB, and they do have customers, who find a reason to stay with them in a competitive marketplace where there are many options.
I just wanted to point out that this kind of arrangement is commonplace in the industry, and that many FCM's may be happy to maintain their own customer-facing departments, as well as use an IB. A trader would have to look into the particular situation to see what is best for them.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
Patricia you might want to check out DeepDiscountTrading.com. They offer low margins as well as supporting Sierra Charts. Plus server-side execution. Also here is a review link you might want to check:
I did move from NT to SC as well. I am very happy with SC and find the functionality works for me since I keep a lot of charts open. I can draw very fast on SC with hotkeys which is important to me.
