Hello All, Just wondering what the consensus was out there of Global Futures? I am relatively new to trading. I traded through a broker before, then had an account with Interactive Brokers, but I didn't like the fact that you couldn't trade globex or ecbot products with them. Is Global Futures good for a relative newbie looking to trade products on the electronic exchanges? Also, not necessarily high-volume. Thanks.
IB certainly allows trading of GLOBEX and eCBOT products. In fact, they transmit significant percentages of the volume for those exchanges.
Okay, let me rephrase the question then, what is a good platform/broker for basically a newbie that has low transactional costs and preferably no monthly charges? Is global futures good or should I just go back to interactive brokers? Thanks.
I use Global as one of my futures brokers using NinjaTrader. Haven't had any issues so far. They're really just an introducing broker to RCG. No monthly fees and my all-in RT fees are pretty decent for the volume I do. However, I don't do all of my trading through a single broker. It's not wise to put all of your eggs in one basket.
Thanks for the info. Since I am essentially a newbie, I'm not too worried about doing all my trades through a single broker since my volume will not be very high (and I'm guessing you use multiple brokers because you don't want your strategy figured out?). As I am also looking to open only a relatively small account for now, it seems like global futures is the best way to go since they don't have account minimums. Also, I apologize for my ignorance, but what are all-in RT fees?