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need help selecting a futures broker?

  • #1
  • First Post: Jul 15, 2008 9:11pm Jul 15, 2008 9:11pm
hi all. so i've decided i am just not comfortable trading the forex market b/c it is unregulated and i do not trust any of the "dealers." so i want to go w/ the cme futures instead. i have seen plenty of info online as far as the fx dealers go, but i just cant seem to find enough info on selecting a futures broker. so...to all the ff elders & sr. members here who trade futures, can you please put your two cents in here and state what broker you trade futures thru? or if anyone has any other advice, info, or recommendations they'd like to share i'd very much appreciate it. thanku.
  • #2
  • Jul 16, 2008 6:34am Jul 16, 2008 6:34am
Quoting dkmb92
hi all. so i've decided i am just not comfortable trading the forex market b/c it is unregulated and i do not trust any of the "dealers." so i want to go w/ the cme futures instead. i have seen plenty of info online as far as the fx dealers go, but i just cant seem to find enough info on selecting a futures broker. so...to all the ff elders & sr. members here who trade futures, can you please put your two cents in here and state what broker you trade futures thru? or if anyone has any other advice, info, or recommendations they'd like to share i'd very much appreciate it. thanku.
I trade with Velocity Futures,and Interactive Brokers.For the moment I am happy with them.
Velocity Futures - best trading support,X_TRADER platform really works,NinjaTrader is another choise or maybe Strategy Runner....All are great.
Interactive brokers-the help desk is bad , TWS is very reliable,The API is excellent,Commissions & Fees ,can trade all the markets, I'll say good stuff for the experienced trader.
Forex really sucks!
Good luck
  • #3
  • Jul 16, 2008 4:20pm Jul 16, 2008 4:20pm
thanku moe. i have enjoyed reading your posts here and i value your comments and contributions to this site. i hear tradestation is highly recommended as well. i would also like to trade w/ a futures broker that has a good free charting package as well. i will mostly be doing "buy(sell) and just wait" type trades (1-2 days to 1-2 weeks). i have a full time job/career and only want to supplement my income.
  • #4
  • Jul 16, 2008 4:28pm Jul 16, 2008 4:28pm
www.gftfutures.com
  • #5
  • Jul 16, 2008 4:52pm Jul 16, 2008 4:52pm
Ninja trader has free charting and they have a list of brokers they support.
  • #6
  • Aug 3, 2008 5:30am Aug 3, 2008 5:30am
Quoting dkmb92
thanku moe. i have enjoyed reading your posts here and i value your comments and contributions to this site. i hear tradestation is highly recommended as well. i would also like to trade w/ a futures broker that has a good free charting package as well. i will mostly be doing "buy(sell) and just wait" type trades (1-2 days to 1-2 weeks). i have a full time job/career and only want to supplement my income.

NO,it's not MOE.
MOE is in "jail" now!
He will be free in a few days
  • #7
  • Aug 4, 2008 8:33am Aug 4, 2008 8:33am
Quoting Nick Stadel
www.gftfutures.com
Nick GFTFutures sucks! Stop recommending a lousy company just because you work for them!
  • #8
  • Aug 4, 2008 11:27am Aug 4, 2008 11:27am
"free moe now!" hey guys, thanks for the input. i think at this point i am leaning towards rjo. they've got a new web-based platform so i can enter/exit a trade at work if i need to. or check up on positions if i am at another computer somewhere. at this point i only desire to be a position trader. only buy when oversold or sell when overbought on larger timeframe charts. i plan to be over-capitalized to hold positions if they initially go against me (no stop-losses) and trade under-leveraged (only one contract at a time). after i enter a position i will simultaneously enter my exit point and then just wait for the market to let it happen. so with this statergy in mind who has the best signal service or trade calls out there to follow? who are the best experts i should always check in w/ before i pull the trigger? pdxglobal? lfb? james16?
  • #9
  • Aug 4, 2008 11:38am Aug 4, 2008 11:38am
Quoting dkmb92
enter/exit a trade at work if i need to
Where are you working?
I want to sent a e-mail to your boss
  • #10
  • Aug 4, 2008 11:47am Aug 4, 2008 11:47am
Dear Boss of dkmb92

 Be carefull with this guy ,becose he want to trade from the work place
I know that Your Production is much more important that his trades...
Please keep dkmb92 away from the computers becose he will do a lot of troubles
I suggest you to take 20% off from his salary ,for the moment and much later

Regards
Ilclitoride
  • #11
  • Aug 4, 2008 11:55am Aug 4, 2008 11:55am
IMO the future broker is broker that have at least have NFA lisence and not have dealing desk/not bucket shop
  • #12
  • Aug 4, 2008 12:27pm Aug 4, 2008 12:27pm
Quoting blucky
IMO the future broker is broker that have at least have NFA lisence and not have dealing desk/not bucket shop
US Futures brokers have to be licensed and it is illegal for them to bucket trades!
  • #13
  • Aug 4, 2008 1:02pm Aug 4, 2008 1:02pm
Quoting blucky
IMO the future broker is broker that have at least have NFA lisence and not have dealing desk/not bucket shop

The futures broker must connect to the places like these http://news.medill.northwestern.edu/...s/JKTCLASH.jpg
http://cache.daylife.com/imageserve/...2y7FD/610x.jpg

It's NOT like the forex where your trades (maybe) never go out of your broker doors.All 0 commisions brokers will trade against you = bucketshop
  • #14
  • Aug 5, 2008 8:55pm Aug 5, 2008 8:55pm
i hope my boss doesnt take 20% away from me, the market has already done that itself...pretty soon i will have to borrow against 401k. after that? drive a cab to fund my forex addiction!
  • #15
  • Aug 19, 2008 1:14pm Aug 19, 2008 1:14pm
This forum is for forex.
You can go on traderslaboratory forum(you'll find the web site with google).
There you'll find a good futures broker.

PS. Say Hi to your boss
  • #16
  • Aug 20, 2008 6:53am Aug 20, 2008 6:53am
Quoting fxtrader42
Nick GFTFutures sucks! Stop recommending a lousy company just because you work for them!

I would also stay away from InteractiveBrokers....just a horrible company
  • #17
  • Aug 20, 2008 10:59am Aug 20, 2008 10:59am
Quoting Kenz987
Ninja trader has free charting and they have a list of brokers they support.
Wrong. Ninja trader is not free if you want to trade live. You have to pay a monthly license fee.
  • #18
  • Aug 20, 2008 11:33am Aug 20, 2008 11:33am
Quoting dkmb92
hi all. so i've decided i am just not comfortable trading the forex market b/c it is unregulated and i do not trust any of the "dealers." so i want to go w/ the cme futures instead. i have seen plenty of info online as far as the fx dealers go, but i just cant seem to find enough info on selecting a futures broker. so...to all the ff elders & sr. members here who trade futures, can you please put your two cents in here and state what broker you trade futures thru? or if anyone has any other advice, info, or recommendations they'd like to share i'd very much appreciate it. thanku.
dkmb92 ~

When selecting a futures brokers - what criteria are you basing your decision on? Is it price, execution, company reliability, or just the recommendations of others?
  • #19
  • Nov 19, 2008 12:08pm Nov 19, 2008 12:08pm
the answer to your question is...all the above. but first is the safety & reliability of the broker & my acct. so this means bye bye forex. everyone encounters broker integrity issues w/ all fx dealers. so, i am not even going to risk it or waste my time & money w/ a fx dealer or the fx market. i would like to try out mbt's future's demo, but everytime i download it all i get the fx demo. i also want to learn how to actually trade futures, but every google search i do leads to no where. but yet there's so much info on trading fx out there. seems a bit fishy....
  • #20
  • Last Post: Nov 25, 2008 12:56pm Nov 25, 2008 12:56pm
RCG, what do you guys think about them?
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