What Futures Broker to Use?

Discussion in 'Retail Brokers' started by RedSun, Jun 1, 2021.

  1. mofos charging 10$ for round turn on es
     
    #21     Jun 1, 2021
  2. Tradex

    Tradex

    Oh no, they are not. If you are day-trading or scalping (say more than 20 times a day), some futures brokers will eat a significant portion of your capital just with the negative slippage alone.
     
    #22     Jun 1, 2021
  3. 13 years
     
    #23     Jun 1, 2021
  4. Overnight

    Overnight

    I dunno where this idea comes from. Must be from stock traders.

    If you do not want negative slippage, use limit orders.
     
    Last edited: Jun 1, 2021
    #24     Jun 1, 2021
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  5. i saw every damn thing between them years
     
    #25     Jun 1, 2021
  6. 13 years... i never called them .. they did to me to make sure i was doing alright.
     
    #26     Jun 1, 2021
  7. rb7

    rb7

    How would they do that?
    Apart from being slow to direct your orders to the exchanges.
     
    #27     Jun 1, 2021
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  8. Tradex

    Tradex

    That's one way to do it.

    In fact this so-called "latency" can bring millions of extra profits to the brokers, each year, at the expense of the retail traders...

    High frequency firms use a similar trick, but at warp speed.
     
    #28     Jun 1, 2021
  9. DevBru

    DevBru

    And how exactly do you think a futures broker profits from that? You know futures are traded on a regulated exchange, right?
     
    #29     Jun 1, 2021
    FTDK likes this.
  10. Tradex

    Tradex

    Stocks too, so what?

    You think Amazon or Facebook are traded over the counter?

    Come on.
     
    #30     Jun 1, 2021