Quality Low Cost Futures Brokers???

Discussion in 'Retail Brokers' started by itradeRisk, Sep 12, 2016.

  1. comagnum

    comagnum

    There is a lot more than just commissions and data feeds to consider. The first thing I look at is the financials of the broker and their compliance/regulatory track record. Who cares if you save a few dollars but lose your account if the broker goes under - it happens. Pay attention to the column 'Excess Net Capital' - this is the brokers safety net - the smaller the more vulnerable you are.
    http://www.cftc.gov/idc/groups/public/@financialdataforfcms/documents/file/fcmdata0716.pdf
     
    #11     Sep 12, 2016
    speedo and dealmaker like this.
  2. AMP_Futures

    AMP_Futures ET Sponsor

    This is an inaccurate statement.

    These are AMP's default commissions for all AMP direct accounts.

    3 pricing options with HVT as low as $0.15 per side + fees
    https://portal.ampclearing.com/account/commissionquote.aspx
     
    #12     Sep 12, 2016
    CBC likes this.
  3. CBC

    CBC

    Sign up with AMP :).

    AMP destroys all other brokers.
     
    #13     Sep 13, 2016
  4. You should tell your brokers that because I'm relaying only what I was told.
     
    #14     Sep 13, 2016
  5. I took a look at that as well and it's interesting. The excess capital rule makes firms like Ironbeam and AMP look suspect.
     
    #15     Sep 13, 2016
  6. Tradovate.

    Here their RT fees (total cost) for some products I trade:

    Eurex (in Euro):
    FESX 1.1
    FDAX 1.5
    FDXM 0.92
    FGBL 0.9


    USA (in US$):
    ES 2.54
    NQ 2.54
    ZN 1.7
    ZB 1.8
    6E 3.4
    CL 3.1
    GC 3.1
     
    #16     Sep 13, 2016
  7. In fairness, many on this board have tiny balances at their FCMs. They don't have much to lose in an FCM BK situation.
     
    #17     Sep 13, 2016
  8. dealmaker

    dealmaker

    People have small accounts for a reason...
     
    #18     Sep 13, 2016
    itradeRisk likes this.