Best low cost platform and/or broker for $5000 account...

Discussion in 'Forex Brokers' started by brucepk, Jan 8, 2020.

  1. brucepk

    brucepk

    ... for trading forex, futures and cryptos? is there a plat/broker that handles all 3 of those markets? im looking for a user friendly VS highly complex that veteran trader may need...

    i looked at tradestation and their inactivity fees would eat up my acct as i am very picky trading (waiting for slam dunks VS over trading just to be IN the market...). currently looking at tradovate, tradingview, ninja8 and meta5...
    thx all and prosperous trading
     
  2. MattZ

    MattZ Sponsor

    I can help with Spot FX and Futures. No Crypto.
     
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  3. Bum

    Bum

    Choose 1 of the 2 options for no inactivity fees.
    1-Keep $2,000 minimum balance.
    2-Trade MES or MNQ 5 times a year to meet minimum trades. Minimal commissions on micros.

    ***Forex choices are pretty limited in U.S.

    tradestation.png
     
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  4. gaussian

    gaussian

    Unless you're talking crypto futures you'll be looking at a specialized crypto exchange for that. Just about the only place that offers spot forex is Oanda (for Americans) and apparently Optimus.

    For futures you can go about anywhere. IB would cater to everything but crypto (I think their requirements for forex are nuts for Americans), and you can basically pick your futures broker if you go that route. I'm with Cannon, I've been with AMP, Optimus is another one. All of them are great. Pick one that offers a platform you want - most offer a ton of options.

    I've had nothing but trouble with TradeStation. One of my first posts here was talking about how they wanted to charge me professional rates for having a non "free" email (@gmail, @yahoo, etc). On that note I wouldn't recommend them - however their platform was very nice.
     
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  5. brucepk

    brucepk

    Hi Matt,
    i sent you an email.... let me know what you think... thx.
    Bruce
     
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  6. MattZ

    MattZ Sponsor

    ok, I will check and reply.
    Matt
     
  7. Alby

    Alby

    Hi everyone! Has anyone tried trading with itrader.com I would be very grateful if you could share your experience
     
  8. pipeguy

    pipeguy

    If you consider offshore brokers with UK license you can consider Hotforex or Tickmill. They both support fx and crypto through CFDs. Also I heard they have plans to introduce futures, but the contract for latter is likely to be a kind of derivative replicating futures contract.