Best daytrading broker with lowest margins !!!

Discussion in 'Index Futures' started by virgin, Jun 12, 2001.

  1. virgin


    Hello Futures Fellows,

    If you are looking for a fast daytrading broker
    with low commissions (starting at 10,-$ RT per
    contract and lower when daytrading volume) and
    the lowest daytrading margins around 1/5 of
    normal margins then go to
    But do not choose the PMB system but the Patsystem
    that offers market depth and 2 seconds fills.
    I'm not in anyway affliated with them.
    Just look for yourself.
    If anybody knowns something better then this
    broker, please let me known !!!

  2. virgin


    One more thing ; you can trade with the same deposit
    all markets ; Asian,European and American.
  3. why not just go straight to PMB and avoid the introducing broker (a.k.a. middleman)?
  4. tntneo

    tntneo Moderator

    please back up the statement 'best daytrading broker..."

    it is a little too easy to state that, if you are a customer and not affiliated to them, please share your experience with details :)

  5. WarEagle

    WarEagle Moderator

    I'm not sure $5/side is such a great deal. With IB I pay $3/side for the mini. IB offers the standard margins, but that is more than enough for me, at least for now. I also get great executions with them.

    I like the J-trader interface (Patsystems), but if you want this, you can get it from E-local Trading ( ) for less. I have a friend who trades with them that pays $1.50/side and gets "daytrading" margins. But I have never used them and can't speak for their service.

  6. $1.50 a side? How many contracts doess he trade a month?
  7. virgin



    1.5,-$ per side ????
    Well IB is the best deal around if you don't want
    daytrading margins !
    For people who want that, the best I have found
    is till now.
    Will take a look at Elocaltrading....
  8. WarEagle

    WarEagle Moderator

    We have similar trading styles and I make about 2-5 round trip trades per day. Only 1 contract at a time, so in a month it may range from 40 trades to as high as 100 or so. Not much as far as trading volume goes, so they must not have stiff requirements for volume. I think he had to negotiate the rate, so you will probably have to ask for it. They also charge the regular exchange fees, so after that its only about 80 cents cheaper than IB. The attraction for him wasn't the commissions, but the added margin. He can now put in only the minimum $7500 they require, keeping the rest in t-bills or whatever and still be able to trade up to 3 contracts if he wants. Another benefit is that I think he gets the same margins for the naz mini as well, which is about double the S&P mini under normal margin requirements.

    Again, I haven't used them and have been perfectly happy with IB. I may look at them in the future, but for now, 14 to 1 margin or so (the standard mini requirement) is plenty of gun powder for me.