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Reliable broker for a rookie


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Reliable broker for a rookie

  #11 (permalink)
 tr8er 
Europe
Legendary Market Wizard
 
Experience: Advanced
Platform: TradeNavigator, BookMap
Trading: ES, CL, 6E, 6B
Posts: 704 since Jan 2017
Thanks Given: 220
Thanks Received: 709

I cannot answer this question, you have to ask them personal

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  #12 (permalink)
Calming
Houston, TX
 
Posts: 131 since Jun 2018
Thanks Given: 111
Thanks Received: 72


tr8er View Post
I cannot answer this question, you have to ask them personal

Thanks for your help. It is strange that they do not have the most wanted info on the website.

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  #13 (permalink)
 
matthew28's Avatar
 matthew28 
United Kingdom
Elite_Member
 
Experience: Beginner
Platform: Bookmap
Broker: Stage 5, Rithmic
Trading: US Equity Index Futures
Posts: 1,250 since Sep 2013
Thanks Given: 3,500
Thanks Received: 2,532



Calming View Post
Hi,

No withdrawals fees or problems is a must.

You mention later you are considering Tradovate, they have withdrawal fees. I imagine a list of brokers that don't charge could be quite short.
https://tradovate.zendesk.com/hc/en-us/articles/205815877-How-do-I-withdraw-funds-from-my-account-

You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
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  #14 (permalink)
Calming
Houston, TX
 
Posts: 131 since Jun 2018
Thanks Given: 111
Thanks Received: 72


matthew28 View Post
You mention later you are considering Tradovate, they have withdrawal fees. I imagine a list of brokers that don't charge could be quite short.
https://tradovate.zendesk.com/hc/en-us/articles/205815877-How-do-I-withdraw-funds-from-my-account-

This is news to me. On the referred page there is no mention of withdrawal fees outside of expedited delivery of a check or any wire. Checks are okay for me. Wires will be a second resort, and they cost money everywhere.

As I read more about Tradovate, their maximum deposit amount by ACH is $5,000.00.

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  #15 (permalink)
 
matthew28's Avatar
 matthew28 
United Kingdom
Elite_Member
 
Experience: Beginner
Platform: Bookmap
Broker: Stage 5, Rithmic
Trading: US Equity Index Futures
Posts: 1,250 since Sep 2013
Thanks Given: 3,500
Thanks Received: 2,532


Calming View Post
This is news to me. On the referred page there is no mention of withdrawal fees outside of expedited delivery of a check or any wire. Checks are okay for me. Wires will be a second resort, and they cost money everywhere.

Yes, that's what I meant, I haven't seen a futures broker that doesn't charge withdrawal fees for wire transfers (or cheques).

You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
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  #16 (permalink)
Calming
Houston, TX
 
Posts: 131 since Jun 2018
Thanks Given: 111
Thanks Received: 72


matthew28 View Post
Yes, that's what I meant, I haven't seen a futures broker that doesn't charge withdrawal fees for wire transfers (or cheques).

Even regular, not expedited cheques?

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  #17 (permalink)
 
matthew28's Avatar
 matthew28 
United Kingdom
Elite_Member
 
Experience: Beginner
Platform: Bookmap
Broker: Stage 5, Rithmic
Trading: US Equity Index Futures
Posts: 1,250 since Sep 2013
Thanks Given: 3,500
Thanks Received: 2,532


Calming View Post
Even regular, not expedited cheques?

That's more detail than I know sorry. I live in the UK so will only use wire transfers.
You will have to check with them.

You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
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  #18 (permalink)
Calming
Houston, TX
 
Posts: 131 since Jun 2018
Thanks Given: 111
Thanks Received: 72


matthew28 View Post
That's more detail than I know sorry. I live in the UK so will only use wire transfers.
You will have to check with them.

Most brokers that I have seen do not charge for incoming and outcoming cheques. I am trying to avoid those who do.

What do you appreciate about Tradovate?

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  #19 (permalink)
 blb014 
Dallas, Texas
Elite Member
 
Experience: Intermediate
Platform: TOS
Trading: AAPL, /ES, IWM, SPY Options
Posts: 330 since Oct 2012
Thanks Given: 554
Thanks Received: 187


Calming View Post
What do they have for $10K and 4-8 contracts /ES trading?

I would suggest at least 10x that amount to trade that type volume, 10k is on the small size even for 1 contract

Volatility is good for the market and trading.

Preservation of capital is the most important concept for those who want to stay in the trading game for the long haul. - Van Tharp
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  #20 (permalink)
 lancelottrader 
west palm beach florida usa
Market Wizard
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: NQ
Posts: 1,112 since Oct 2011
Thanks Given: 1,113
Thanks Received: 5,386


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.

Failure is not an option
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