Cheap and reliable futures broker? - Page 2
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Thread: Cheap and reliable futures broker?

  1. #11
    Quote Originally Posted by ;
    I believe the cheapest is Fastbrokers.com.
    Their commissions are far below all the others brokers but the main benefit is they have a platform and permit you to trade forex (currenex) and futures in exactly the exact same platform. I like the fact which it is possible to use robots to auto-execute on both....
    Http://fastbrokers.com/commissions/
    I only had a quick look at their prices and also deepdiscounttrading.com is definitely more affordable for futures trading. For forex I have a better deal.

    I just received a mail from DDT that my funds has arrived so I am nearly willing to go - only have to connect into this TT feed. I believe I should mention - this I really didn't understand when I signed up for DDT - if you want to use the Static Superdom in NT you'll be billed an additional 10 cents per side in commission. For Chart trader and Dynamic Superdom it is only 5 cents.
    Will keep you posted ...

  2. #12
    Quote Originally Posted by ;
    I only had a glance at their prices and also deepdiscounttrading.com is definitely cheaper for futures trading. For Currency Market I have a better bargain with PFG.

    I just got a mail from DDT my funds has came so I am nearly ready to go - only need to link into the TT feed. I believe I should mention - that I actually didn't know when I signed up for DDT - should you would like to use the Static Superdom in NT you'll be charged an additional 10 cents each side in commission. For Chart trader and Dynamic Superdom it is only 5 cents.
    Will keep you posted...
    ...
    allow me to disagree about this.
    At the end what really counts is what you wind up paying, and with DDT you are going to wind up paying more.

    Let's do some math:
    Fastbrokers.com charges $1.95 for eminis and DDT 1.66 for Eminis. So there's a gap of $.29 pennies per trade.
    However Fastbrokers gives you a free platform historic and real time included so that is all you wind up paying.

    With DDT you want to still add the static ribbon that comes another 0.05 and $60 a month. So you wind up paying 1.71 and $60 bucks versus paying $ 1.95 and nothing else. You want 250 trades each month to start saving with this offer. And this since you decide on NT. Going with other platforms as far as I see might have made your bargain even worst.

    Solely for the sake of clarity however.
    Good luck with your trading and keep us posted.
    ;-)

  3. #13
    Quote Originally Posted by ;
    why not IB ?
    TOS is more affordable

  4. #14
    Quote Originally Posted by ;
    Let me disagree on that.
    In the end what really counts is what you wind up paying, and with DDT you'll wind up paying more.

    Let's do some math:
    Fastbrokers.com charges $1.95 for eminis and DDT 1.66 for Eminis. So there's a gap of $.29 cents per trade.
    However Fastbrokers gives you a free platform historical and actual time included so that is all you wind up paying.

    With DDT you need to add the the static ribbon that comes another 0.05 and $60 per month. So you wind up paying 1.71 and $60 bucks versus paying $ 1.95 and nothing...
    You are not quite perfect.
    1. I really don't need the static superdome, I'm perfectly pleased with chart trader along with the energetic superdome so I will ask NT to disable it and save 5 cents per side.
    2. I have a multibroker lifetime license for NT so that is not a problem for me.


  5. #15
    Tradestation securities is Great too

  6. #16
    Quote Originally Posted by ;
    You are not quite perfect.
    1. I really don't require the static superdome, I'm perfectly pleased with chart trader and the dynamic superdome so I can ask NT to disable it and spare 5 pennies per side.
    2. I already have a multibroker life license for NT so that is not a problem for me.

    I am quite right and I showed you previously.
    With commissions Ninja you'll be able to get comparable deals at a number of other brokers. The fact that you already pay for a multibroker license does not relief from the cost of $60 per month that each user has on top of commissions. Plus some additional fee they charge for dome charts etc.. .

  7. #17
    Saratogafx, let us try again:

    I am the lucky owner of a NT lifetime license.... That means I don't pay a monthly fee to use NT. In addition, I use NT for trading Currency Market with another broker.

    The extra five cents per facet for the Static SuperDom are discretionary.


  8. #18
    Just a quick heads up....
    Did my first ever futures transactions Thursday evening... two quick transactions on E6, one contract every... ended up using 10 ticks. Not much but at least it was a positive beginning

    My plan was to trade again Friday evening and night (I am in Asia at the present time ) but I was just too exhausted and didn't wake up again until the markets were about to close

    So far I am quite pleased with my selection of broker - the entire cost for the two transactions was $8.68 - that's a cheap method to trade forex.

    Enjoy your weekend!

  9. #19
    Quote Originally Posted by ;
    TOS is more economical
    That's not so wise to select the cheapest broker, it can also be trustable one. I've personally heard a lot of positive feebacks regarding IB.

  10. #20
    Quote Originally Posted by ;
    That's not so wise to choose the least expensive broker, it may also be trustable one. I have personally heard a lot of positive feebacks regarding IB.
    I not. And they do not reply like Etrade to my questions.

    Employed to exchange with TOS, and fully satisfied.

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