Recommed NT supported brokerage with good banks. - Traders Hideout | futures io social day trading
futures io futures trading


Recommed NT supported brokerage with good banks.
Updated: Views / Replies:2,825 / 11
Created: by COTtrader Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Recommed NT supported brokerage with good banks.

  #1 (permalink)
Elite Member
Michigan, Jackson
 
Futures Experience: Intermediate
Platform: NT and TS
Broker/Data: NT Continuum
Favorite Futures: ES, CL
 
Posts: 858 since Jul 2009
Thanks: 389 given, 547 received

Recommed NT supported brokerage with good banks.

With the increasing number of failed banks, I would not want a new futures trading account to suffer bank failure.

Any ratings posted from among the banks holding futures trading accounts? Which NT supported brokers work with the highest rated banks?

Any recent bum stories like Refco from which I lost my FX account several years ago? I do not want to make the same mistake twice. The risk of trading is enough without having my account at risk due to a failed bank.

Any segregated futures trading account fully protected from bank insolvency (stupidity)?

COTtrader
"Ken"

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.


Last edited by ctrlbrk; June 13th, 2010 at 05:59 PM.
 
  #3 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,651 since Mar 2010
Thanks: 4,226 given, 25,600 received
Forum Reputation: Legendary


This was one of the criterions for me to choose my broker. Two points to think about:

(1) Regulation for futures brokers is tighter than for forex brokers , futures brokers are required to keep you funds in a separate account.

(2) You will need to check how your funds are protected.

As I am located in Europe, I opened an account with Interactive Brokers UK. Their British affiliate is regulated by the Financial Services Authority (FSA) and as such my funds are guaranteed by the British state up to something like GPB 50,000,-

Further IB offers protection through the SIPC up to USD 500,00 and Lloyd's of London if this amount is exceeded. The value of the SIPC protection can be studied with the settlement of the claims against Mr. Madoff, LOL.

Reply With Quote
 
  #4 (permalink)
Elite Member
Asia
 
Futures Experience: Beginner
Platform: NinjaTrader, TOS
 
Posts: 798 since Jun 2009
Thanks: 109 given, 786 received

Madoff's funds (well any fund open to accredited investors only) are not SIPC protected AFAIK.

Reply With Quote
 
  #5 (permalink)
Elite Member
Frankfurt
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: FGBL 6E B4
 
max-td's Avatar
 
Posts: 1,754 since Jun 2009
Thanks: 2,309 given, 917 received

NT + zenfire at mirus futures

>> clearing with RCG ==> account at Bank of America >> BoA-account / money loccated in London / UK

if the client is located in europe.

so its BoA also for US-clients i think but account located in the US.

max-td
Reply With Quote
 
  #6 (permalink)
Elite Member
Working on my LCD tan
 
Futures Experience: Advanced
Platform: NinjaTrader
 
Posts: 127 since Jun 2009
Thanks: 25 given, 51 received

I'm with Mirus/RCG too. Another way to protect your money is to just clear out your account often. I keep enough in my account to cover margins plus a few bad trades. If have a few bad trades it forces me to stop trading until top up funds have cleared from my "storage" account.

Minimizes exposed money and forces a risk management plan because you have to know how much to leave in the account.

Reply With Quote
The following user says Thank You to Treggs for this post:
 
  #7 (permalink)
Elite Member
Italy (IT)
 
Futures Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker/Data: Rithmic
Favorite Futures: CL, Brent, GC, TF
 
LukeGeniol's Avatar
 
Posts: 1,501 since Apr 2010
Thanks: 408 given, 974 received


Treggs View Post
I'm with Mirus/RCG too. Another way to protect your money is to just clear out your account often. I keep enough in my account to cover margins plus a few bad trades. If have a few bad trades it forces me to stop trading until top up funds have cleared from my "storage" account.

Minimizes exposed money and forces a risk management plan because you have to know how much to leave in the account.

It's true, but this way u can't compounding, every time u withdraw you have to leave some more money that initial account to have more buying power.

Luke.

Take your Pips, go out and Live.
Luke.
Reply With Quote
 
  #8 (permalink)
Elite Member
Italy (IT)
 
Futures Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker/Data: Rithmic
Favorite Futures: CL, Brent, GC, TF
 
LukeGeniol's Avatar
 
Posts: 1,501 since Apr 2010
Thanks: 408 given, 974 received

Velocity Futures

What about Velocity Futures? I saw that have better commission that Mirus and the same day margin.
Anyone have experience with them?

Thanks.

Luke.

Take your Pips, go out and Live.
Luke.
Reply With Quote
 
  #9 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,651 since Mar 2010
Thanks: 4,226 given, 25,600 received
Forum Reputation: Legendary

SIPC has already committed USD 696 million.

http://www.madofftrustee.com/Status.aspx


MXASJ View Post
Madoff's funds (well any fund open to accredited investors only) are not SIPC protected AFAIK.


Reply With Quote
 
  #10 (permalink)
Elite Member
Working on my LCD tan
 
Futures Experience: Advanced
Platform: NinjaTrader
 
Posts: 127 since Jun 2009
Thanks: 25 given, 51 received



LukeGeniol View Post
It's true, but this way u can't compounding, every time u withdraw you have to leave some more money that initial account to have more buying power.

Luke.

Luke I do compound. I just leave the extra margin in the account as required. Mirus intra day margins are pretty small so it doesn't take much in my account to cover the margins. I don't hold big overnight positions but I have enough to cover the occasional single contract runner after market hours.

Reply With Quote

Reply



futures io > > > Recommed NT supported brokerage with good banks.

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Tradestation futures brokerage -- good or bad? tortoise Reviews of Brokers and Data Feeds 14 September 7th, 2014 03:02 PM
Zenfire Brokerage record100 Reviews of Brokers and Data Feeds 8 January 7th, 2014 10:57 AM
Need Advice: Looking for a good Platform- NT compatible? nillz123 NinjaTrader 7 November 1st, 2010 06:54 PM
Brokerage Checklist TideRip Reviews of Brokers and Data Feeds 12 September 22nd, 2010 03:05 AM
Foreclosure Relief: Good for Banks, Not So for Borrowers Quick Summary News and Current Events 0 August 28th, 2010 11:20 AM


All times are GMT -4. The time now is 12:56 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-11 in 0.13 seconds with 19 queries on phoenix via your IP 107.20.115.174