I was wondering if anyone uses this company? I've searched on here but nothing since 08' no NFA complaints. I guess these are all good factors. Commissions seems sweet for a 50k account and get even better for 250K accounts. Are they the data provider or do I have to pay extra for that? Thanks in advance for any info!
regarding the datafeed - this is really depending on the platform that you are using. the data can come from various vendors such as CQG, TT, Pats, CTS, etc. in most cases - the datafeed is already included in the software monthly cost or transaction fee http://www.variancefutures.com/commissions/platform_fees.php. looks like they don't provide proprietary datafeed and you can choose to work with one of the 3rd party feeds (in most cases of IBs/FCMs turning into developers of feed/platform - the datafeed and the technology is crappy) and you are not restricted to use a in-house platform. as for the company reputation - i never worked with them, but know a couple of colleagues who are trading with them. clean NFA sheet is a good sign
I'm also looking into this firm. They are a guaranteed IB for RCG. Their commissions are sweet! Any customers of Variance or RCG should please share their experiences. Thank you.
They do have a good rate on the commissions for $50,000 account; However, they have no decent free platform and no bargains on the platforms they offer. I wonder if an individual gets the institutional rate at the $250,000 ? That level starts to look very good.
Glad to hear from any prop traders, CTAs, CPOS, private & experienced traders who trade through Variance as to their experiences.
I did a search for Variance Futures and all I really found was this thread. Does anybody have any experience with Variance? Thanks...
Ninja Trader is a free platform! Come on guys this is just another IB for RCG, solid as a rock. Rates look competitive, why would you need a $250K account?