Would love to hear opinions, personal experiences, etc. I've looked through a bunch of brokers such as: amp, apexfutures, cannon, ironbeam, tradovate to name a few. Main thing I'm searching for is low round trip costs. Trading volume wouldn't give me any discounts as I'm starting out trading 1 lot sizes and not very frequently. So, I'd like to try and keep commissions low (obviously). Been paper trading off the platform offered by Apexfutures.com and I've appreciated the ease of use. Screenshot of their platform: http://prntscr.com/chb8pk Anything similar to this would be great, coupled with a low cost quality broker. Any input would be greatly appreciated. Thanks a ton guys.
Oh my. Apex has pretty high day trading margins. I've dealt with AMP, Cannon and Ninja. With AMP and Cannon, I don't like the fact that they'd never put any pertinent information in writing. For instance, I received a verbal quote of their commissions but never anything written. No good, IMO. Ninja, they're cool but paying for their software simply isn't worth the price they're asking when you have other competing software that is offered for free. However, Ninja is pretty transparent about their commissions. Heck, they even come in a PDF.
Yes! thank you. Also I felt their round trip was steep. $4.84 per round trip. Was quoted that for emini. But I like their platform. Thanks for the input
Deep Discount Trading is worth a try. I haven't actually traded with them, but they have always been super straight forward with me when I ask questions, respond quickly, and I haven't seen cheaper round trips. They require a $5k minumum deposit.
They told me that those rates didn't apply to everyone and that specific commissions were tailored specifically to that person's account.
I'll also take back what I said earlier.... I don't feel like apex has high margins for the emini. I've seen plenty if other brokers within the $500 range. But I feel like the round trip costs per contract is steep
If you're worried about margins, you shouldn't be trading -- you're undercapitalized. Futures overnight margins are very low as a % of notional, let alone day trade margins. At the close each day, it should never even cross your mind that you might have to liquidate for margin purposes.
I'm not worried about the difference between margin size 400-1000 in relation to my account size... Obviously however, I'd like have it as low as possible. And to be honest I'm not an over night holder trader. It's not in my strategy or style of trading. Thanks for your input tho.