I’m looking for a broker to start trading futures in. I’m looking to scalp futures with the DOM, so I’m trying to find a broker with a good commission structure being the highest priority. Anyone have recommendations that I could research?
tradeovate All in one and no platform fees and you can easily go frpm your desk top to your phone to your tablet. they have a zero commissions tier also if you are really scalping this coud sve you some money
You should go offshore; they got better tolerance for scalpers. You get lower spreads and high leverage if you need that. try Forexchief ECN accounts. Thank me later.
I quote the OP "I’m looking for a broker to start trading futures" Scalping futures with an offshore Forex broker... Could not be best solution On their website I saw "they" will even give you a bonus of $500 to help you. I like this one very much.
Tradovate is an introducing broker for Dorman and charges $0.09 per side clearing which is basically the same as commission, in addition to their $2,400 flat fee a year. At 2000 sides a month, this works out to $0.19 a side. At 10K sides a month, it's $0.11 for the broker. Exchange and NFA fees are an additional $1.25/side when trading ES, for example. As for platforms and visualization, have a look at Bookmap with a market-by-order feed like Rithmic (or dxFeed) showing more than 10 DOM levels. If you use it for order entry, Rithmic routing alone is typically $0.10 per side. Bookmap with one click trading + Rithmic would be worth it to me if I were a scalper. For an alternative to AMP, have a look at Ironbeam. Commissions and margins aren't as openly advertised but you can get them to match other brokers if you ask.
If you have a decent enough trading balance that you plan on using, Interactive brokers would be the right choice. They are the most professional futures broker that I have seen. They are offering a killer margin rate at the moment, provided you deposit $100,000 minimum. So not really a beginner-friendly broker I would say. The account balance that is required to be maintained is low and the investment range for commodity trading is good enough.