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Reliable broker for a rookie
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Created: by Calming Attachments:0

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Reliable broker for a rookie

  #31 (permalink)
Houston, TX
 
 
Posts: 131 since Jun 2018
Thanks: 111 given, 71 received


lancelottrader View Post
You should look into Optimus Futures. I've been with then for many years. Matt Z can give you many options in terms of platforms, data feeds, and clearing. You will receive very good service from them.

Thanks again for your advice. They outsource clearing and do not support NT. What firm from their list would you recommend?

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  #32 (permalink)
Tucson arizona
 
 
Posts: 31 since Jun 2018
Thanks: 4 given, 4 received

4-8 contracts with less than 1k initial deposit? bro no disrespect but thats a lil crazy.

anyway check out oanda. they just got offered as a broker with NT8. they manly focus on forex but i believe they do futures to. ive used them before. no probs.

but honestly.... u say you dont want to change horses down the road but thats stupid thinking... if you want to open an acct with a company that has a low minimum and then stay with them later you would be paying higher fees... later on if you can afford it you should be looking for lower fee options anyway....................... soooooooo....... best of luck.

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  #33 (permalink)
Houston, TX
 
 
Posts: 131 since Jun 2018
Thanks: 111 given, 71 received



TravelingSalesmen View Post
4-8 contracts with less than 1k initial deposit? bro no disrespect but thats a lil crazy.

anyway check out oanda. they just got offered as a broker with NT8. they manly focus on forex but i believe they do futures to. ive used them before. no probs.

but honestly.... u say you dont want to change horses down the road but thats stupid thinking... if you want to open an acct with a company that has a low minimum and then stay with them later you would be paying higher fees... later on if you can afford it you should be looking for lower fee options anyway....................... soooooooo....... best of luck.

No offense or disrespect taken. At Tastyworks people get intraday futures margin, meaning each contract on /es or /nq only eats up like 2.5k buying power. So with 15k or so you can buy 10 lots.

Oanda seems to be great for forex. Would be great to find something similar for futures. I hear you about lower fees because of bigger deposit. I simply want to find something to start with and make fewer moves. Perhaps, I just stick with NT.

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  #34 (permalink)
Tucson arizona
 
 
Posts: 31 since Jun 2018
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Calming View Post
No offense or disrespect taken. At Tastyworks people get intraday futures margin, meaning each contract on /es or /nq only eats up like 2.5k buying power. So with 15k or so you can buy 10 lots.

Oanda seems to be great for forex. Would be great to find something similar for futures. I hear you about lower fees because of bigger deposit. I simply want to find something to start with and make fewer moves. Perhaps, I just stick with NT.

O ya frick I thought they did futures to they dont. nvm. ya bro NT brokerage is pretty good in competitive terms. if you aint using auto strategies you can find much cheaper brokers else well but thats up to u.

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  #35 (permalink)
Houston, TX
 
 
Posts: 131 since Jun 2018
Thanks: 111 given, 71 received


TravelingSalesmen View Post
O ya frick I thought they did futures to they dont. nvm. ya bro NT brokerage is pretty good in competitive terms. if you aint using auto strategies you can find much cheaper brokers else well but thats up to u.

NT is convenient because they are all-in-one, broker and clearing house. So far, I have a few other options. Some of them are hard to track final expenses. Where else can one look to find cheaper brokers?

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  #36 (permalink)
Tucson arizona
 
 
Posts: 31 since Jun 2018
Thanks: 4 given, 4 received

i mean CME Charges a standard rate on futures and then NT taking .53 each side is already pretty cheap.. but keep in mind theres only a hand full that NT works with. you cant just use any old broker. for instance Oanda was just made available within the past month or so.

other than that FXCM is cheap and works with nt but they dont take us customers because they got caught doing some funky biz in US.

or Interactive brokers but they are jerks IMO. minimums are way to high for beginners. they have lower minimums for under 25 or something but they still require a net worth of 100k. I angryly replied back to there email saying BRO WHERE ON EARTH HAVE YOU SEE A 25 YR OLD WITH A NET WORTH OF 100K! 1 in a fricken million. u crazy. most of them are fricken still in debt from college u nutcases. at least give them a chance.

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  #37 (permalink)
Houston, TX
 
 
Posts: 131 since Jun 2018
Thanks: 111 given, 71 received


TravelingSalesmen View Post
i mean CME Charges a standard rate on futures and then NT taking .53 each side is already pretty cheap.. but keep in mind theres only a hand full that NT works with. you cant just use any old broker. for instance Oanda was just made available within the past month or so.

other than that FXCM is cheap and works with nt but they dont take us customers because they got caught doing some funky biz in US.

or Interactive brokers but they are jerks IMO. minimums are way to high for beginners. they have lower minimums for under 25 or something but they still require a net worth of 100k. I angryly replied back to there email saying BRO WHERE ON EARTH HAVE YOU SEE A 25 YR OLD WITH A NET WORTH OF 100K! 1 in a fricken million. u crazy. most of them are fricken still in debt from college u nutcases. at least give them a chance.

I can let NT go if I find a better deal.

FXCM is the type of firm I'd like to avoid all together. Reputation comes first, at least for me.

I keep hearing about IB. I have a contacts of a person who can get lower requirements with them. Would you take IB as your broker should that condition was omitted?

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  #38 (permalink)
Houston, TX
 
Trading Experience: Intermediate
Platform: NinjaTrader 7
Favorite Futures: NQ
 
Posts: 91 since Apr 2016
Thanks: 121 given, 88 received

If you want to stick with NT, you only have two options for futures: NT brokerage and IB. To use IB, you have to deal with TWS running side-by-side with NT, which I found to be a pain in the ass. Just stick with NT brokerage if you want to use NT.

Personally, I would be more concerned with finding the right trading software that fits your style before worrying about a broker. The difference between NT brokerage and other discount futures brokerages is gonna be less than $0.10 per side.

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  #39 (permalink)
Houston, TX
 
 
Posts: 131 since Jun 2018
Thanks: 111 given, 71 received


ShatteredX View Post
If you want to stick with NT, you only have two options for futures: NT brokerage and IB. To use IB, you have to deal with TWS running side-by-side with NT, which I found to be a pain in the ass. Just stick with NT brokerage if you want to use NT.

Personally, I would be more concerned with finding the right trading software that fits your style before worrying about a broker. The difference between NT brokerage and other discount futures brokerages is gonna be less than $0.10 per side.

Thanks for sharing your experience using NT and IB. What you are saying about software. What else is out there to try? Is there a list somewhere?

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  #40 (permalink)
Tucson arizona
 
 
Posts: 31 since Jun 2018
Thanks: 4 given, 4 received



Calming View Post
I can let NT go if I find a better deal.

FXCM is the type of firm I'd like to avoid all together. Reputation comes first, at least for me.

I keep hearing about IB. I have a contacts of a person who can get lower requirements with them. Would you take IB as your broker should that condition was omitted?

nah hell nah.. not any morr at least. they treated me like fricken cat food. they honestly didnt care. after being spoiled by nt's support i would never go to IB. i mean i didn't even have a funded account and i was using there free version for a good portion of a year and they still helped me every way they could. but these guys at IB wont even see me as a human being because im not worth 100k at age 25 geeeeeeettttt outttttaaaa here...

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