NexusFi: Find Your Edge


Home Menu

 





How to Choose a Broker?


Discussion in Brokers

Updated
      Top Posters
    1. looks_one Cisco with 4 posts (0 thanks)
    2. looks_two Big Mike with 1 posts (1 thanks)
    3. looks_3 cme4pif with 1 posts (0 thanks)
    4. looks_4 mrphr with 1 posts (1 thanks)
    1. trending_up 4,248 views
    2. thumb_up 2 thanks given
    3. group 5 followers
    1. forum 12 posts
    2. attach_file 0 attachments




 
Search this Thread

How to Choose a Broker?

  #1 (permalink)
Cisco
Victoria BC
 
Posts: 6 since Mar 2012
Thanks Given: 0
Thanks Received: 1

Hey,

Anyone have advice as to which broker i should set up an account with? I am new and am getting close to going live but need a broker obviously. All i really need is data feed and not too expensive round turn costs for Crude Futures. Any constructive advice and expereince to speak of would be great!

Cheers,

Cisco.

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Exit Strategy
NinjaTrader
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
MC PL editor upgrade
MultiCharts
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
How to apply profiles
Traders Hideout
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Spoo-nalysis ES e-mini futures S&P 500
31 thanks
Just another trading journal: PA, Wyckoff & Trends
26 thanks
Tao te Trade: way of the WLD
24 thanks
Bigger Wins or Fewer Losses?
23 thanks
GFIs1 1 DAX trade per day journal
18 thanks
  #3 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,444 since Jun 2009
Thanks Given: 33,217
Thanks Received: 101,607


What country are you in?

What are you trading?

What platform do you use?

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #4 (permalink)
 mrphr 
London
 
Experience: None
Platform: .
Trading: .
Posts: 255 since Apr 2011
Thanks Given: 65
Thanks Received: 182

This may help:

https://media.futuresmag.com/futuresmag/historical/Issues/2011/December-2011/Documents/Top50_2011.pdf

Reply With Quote
Thanked by:
  #5 (permalink)
Cisco
Victoria BC
 
Posts: 6 since Mar 2012
Thanks Given: 0
Thanks Received: 1


Big Mike View Post
What country are you in?

What are you trading?

What platform do you use?

Mike

Hi Mike,

Crude Oil Futures and i live in Canada, British Columbia. I use Ninja Trader.

Jeremy.

Reply With Quote
  #6 (permalink)
Cisco
Victoria BC
 
Posts: 6 since Mar 2012
Thanks Given: 0
Thanks Received: 1

Hi,

Thanks for the reply and link. Link doesn't seem to want to work but i will try and drill down with the info in the link.

Cheers,

Cisco.

Reply With Quote
  #7 (permalink)
Cisco
Victoria BC
 
Posts: 6 since Mar 2012
Thanks Given: 0
Thanks Received: 1

I have been trying to set up an account with AMP Global Futures but it seems as though from working through the application process they do not accept accounts with residents from the province of British Columbia. Crappy.

Reply With Quote
  #8 (permalink)
init77
Switzerland
 
Posts: 12 since Dec 2011
Thanks Given: 5
Thanks Received: 7



Mmh besides the exchanges they provide access to, it's more or less the FCM financial data that you can get from: Financial Data for FCMs - CFTC

Reply With Quote
  #9 (permalink)
 
whatnext's Avatar
 whatnext 
Rockland county , New York
 
Experience: Intermediate
Platform: NT 7
Trading: CL, 6E, SI, ZC
Posts: 230 since Mar 2011
Thanks Given: 338
Thanks Received: 81

If you can't find a broker with a clearing house that will put in writing they won't use your funds in overnight repos or as collateral for third party agreements - I'd pick the biggest you can (also comparing rates/fees).

As some measure of safety you can spread the trading funds over different accounts if your trading software / account size warrants.

"Be right and sit tight." - Jesse Livermore
Reply With Quote
  #10 (permalink)
 solondon 
London, UK
 
Experience: Intermediate
Platform: ninja,TS,Meta,Tradeguider
Trading: FX,Metals
Posts: 38 since Sep 2011
Thanks Given: 9
Thanks Received: 6


Any advice for me?, I trade from UK (forex and precious metals), ninjatrader also

thanks
JLo

Reply With Quote




Last Updated on April 16, 2012


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts