broker for indexes futures (nasdaq, dowjones, s&p500..) | Forex Factory

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broker for indexes futures (nasdaq, dowjones, s&p500..)

  • #1
  • First Post: May 23, 2007 9:05am May 23, 2007 9:05am
Hello to all, i was trading with a demo account of windsor brokers, i was trading forex and also indexes futures, and i found i really like to trade indexes futures due to the 1pip spread and the good moving of that markets, well, do you know another broker that allow to trade indexes futures?
I want to open a live account, and i want to see some other brokers before go with windsor, please reply if you know some good indexes futures broker, thanks
  • #2
  • May 23, 2007 10:16am May 23, 2007 10:16am
You can look at Interactive Brokers, MB Trading and Open-E-Cry. There are plenty more, those are the ones i looked at. Open-E-Cry has a good frontend (IMO) and charting included. MB has no charts, but free data (altho limited number of contracts), and a barebone frontend. IB has mediocre charting and what i deem a rather clunky platform, but very cheap commissions if you qualify for the unbundled commission-structure. Thats what i found, its best to try for yourself.
Dont forget there is additional cost involved for futures trading, most serious traders have an independat dataprovider, and the better frontends will charge you a monthly/annual licence-fee, if you want to use them. Its a bit different than in FX, where everything is free.
  • #3
  • May 23, 2007 10:22am May 23, 2007 10:22am
Here's some info:
http://www.forexfactory.com/showthread.php?t=30829
  • #4
  • May 25, 2007 5:51pm May 25, 2007 5:51pm
Yeah, whc sounds good, but it is from russia, and they don't accept paypal.
Anyway, i don't know if what i want is exactly futures, i see that also northfinance let you trade the nasdaq futures, and it's "free" like forex, and also whc do it, and windsorbrokers too, but what i'm looking for is :

A broker that use mt4 (or that don't use it too),
that allow the use of mini accounts (for example of 500usd),
that accept paypal as funding option,
that offer CFD Futures Index like DowJones Futures, and that have on it max 1pip spread, not more then 1 pip,
that offer a leverage of 1:200 or 1:400,
and preferibly that have a legal address that is not a P.O. BOX

Do you think that is possible to find something like i'm looking for?


P.s.
I also remember now that also GCI trading allow mini accounts (good!), paypal for funding (good!), they offer a good leverage (i don't remember if 1:100 or 1:200 or 1:400, but anyway good!), they offer index futures (dowjones, nasdaq, niekki... good!), BUT on the DowJones futures they have more the 1pip spread (i don't remember if 4 or 5 pips spread, NOT GOOD!).
  • #5
  • May 26, 2007 8:54am May 26, 2007 8:54am
Quoting tunera
Yeah, whc sounds good, but it is from russia, and they don't accept paypal.
Anyway, i don't know if what i want is exactly futures, i see that also northfinance let you trade the nasdaq futures, and it's "free" like forex, and also whc do it, and windsorbrokers too, but what i'm looking for is :

A broker that use mt4 (or that don't use it too),
that allow the use of mini accounts (for example of 500usd),
that accept paypal as funding option,
that offer CFD Futures Index like DowJones Futures, and that have on it max 1pip spread, not more then 1 pip,
that offer a leverage of 1:200 or 1:400,
and preferibly that have a legal address that is not a P.O. BOX

Do you think that is possible to find something like i'm looking for?


P.s.
I also remember now that also GCI trading allow mini accounts (good!), paypal for funding (good!), they offer a good leverage (i don't remember if 1:100 or 1:200 or 1:400, but anyway good!), they offer index futures (dowjones, nasdaq, niekki... good!), BUT on the DowJones futures they have more the 1pip spread (i don't remember if 4 or 5 pips spread, NOT GOOD!).
Tunra, thanks for the info on GCI. They look very interesting but are out of Belize, not much better reputation.
  • #6
  • May 26, 2007 9:33am May 26, 2007 9:33am
Hello, just now i found also that FIBO Group broker use mt4 and have cfd accounts, that can ppl trade nasdaq futures, dowjones futures, s&p500 futures, nikkei futures, they have 1:200 leverage, allow mini-accounts and have 3pip spread on dowfutures (Good!)!
Anyone have a live account with them?
  • #7
  • Jul 3, 2007 12:02pm Jul 3, 2007 12:02pm
You can have a look at XpressTrade (www.xpresstrade.com). They appear to be a very reliable futures broker.
  • #8
  • Jul 11, 2009 3:46pm Jul 11, 2009 3:46pm
Hi all,


last reply is 2 years old and i would like to ask same question - is anybody trading nasdaq, DJ or sp500 live ? im thinking about fxpro but dont know if its best choose cause lot of negative comments on the net so please can somene advice me some broker to trade ? thank you all
Browsing forexfactory since 2006
  • #9
  • Last Post: Edited 11:46pm Jul 11, 2009 9:32pm | Edited 11:46pm
Quoting rtx
Hi all,


last reply is 2 years old and i would like to ask same question - is anybody trading nasdaq, DJ or sp500 live ? im thinking about fxpro but dont know if its best choose cause lot of negative comments on the net so please can somene advice me some broker to trade ? thank you all
I am opening live acc to test them in 2 thread here.

fxsol aus passed test with very positive results...
the major pro separating it from other broker is: 1. it focused at gold and cfd trading 2. min position is 1k usd for gold, sp500 and forex
http://www.forexfactory.com/showthread.php?t=162557

here is the list moving forward:
http://www.forexfactory.com/showthread.php?t=178700
fxcm-uk cfd: funded, no trading placed yet, min position is 40k usd
interactivebrokers: acc open, not wire in money yet
fxpro: acc open, not wire in money yet, min position is 4k usd
delta-stock: acc eletronically approved, need regular mail reg files to europe...

I am aware that mbt and some stock broker, etrade, sogo, zecco offering index trade also... besides there's saxo and a few others.
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