Best Commodities Broker?

Hello Lads and Lass's. What in your opinion is the best commodities broker (I'd prefer a broker with a broad selection of the different commodities). Also a broker who is reliable and has a good reputation.

Thanks. David.

It's been a while since i traded futures, but I had good experience with Lind-Waldock and RJOB.
Check how many free real time quotes you get, unless you're going to pay the exchange fees.

I have been using Global Futures Exchange and Trading Co.
Easy platform to use (I just use the web based platform), fast executions of orders, and Great Cust. Service.
They have some really low "Daytrading" margins if that is what you want.

I'm using financial spread betting broker capital spreads as they offer tight spreads and a good variety of commodities.

Nobody recommending the usual suspect: Interactive brokers?

Regards

FOrex37

Mirus (ib for Dornan or RCG) or Advantage

What do you consider a reasonable commission to pay?

Ones that will charge less than 10 per roundturn are:
advantage,
mf global
infinity

Interactive broker - I dont like them, their platform is awful, customer support very bad.

With Oil you need to have a good platform like CQG or Trading Technologies so you can see the price ladder. Seeing where all the stops are helps really a lot.

Here's some input on futures brokers for what it's worth.

1. Mirus. $4.20 roundtrip all in. Great customer service. They clear through Dorman or RCG--your choice. (RCG offers more markets.) They can provide you with the free distribution Ninja/ZenFire. I have a standard futures account with this compnay.

2. SweetFutures. That's the futures division of RCG (Rosenthal Collins Group). You can negotiate commission, what they call "cost". In other words, cost is their commission over and beyond obligatory exchange fees (plus minimal NFA fee). So it's cost that is negotiable. Your total roundtrip all in fee with RCG will differ depending on the market (since exchange fees differ), but some will be less than Mirus if you negotiate a good "cost". (Your exchange fees can be cut on a particular exchange by renting a seat on the exchange.)

3. Infinity. Had account there. Again commissions negotiable on each market. A good rate is possible.

4. Advantage. Looks interesting. No experience.

5. IB. I once had an IRA and a standard account with IB. Drawbacks including the following: (i) Must open larger account than with most brokers; (ii) they charge a fee for order cancellations!! (iii) customer service is almost nonexistent, not to mention rudeness when it does exist; (iv) after closing my standard account, IB dragged their hooves and wouldn't return my account balance. I had to CFTC to find the person within IB to contact so as to get the ball rolling on getting my money back. This individual, extremely arrogant by the way, confided that had I simply withdrawn my funds instead of closing my account, there would have been no problem receiving all funds promptly. Moral: never close an account before withdrawing all funds or else you may have an angstful experience getting them back. I think you can guess why they want to hang on to your money.

Hope this info helps. Any feedback appreciated.

I have a bit of experience with Advantage. I tried opening an account with them. The guy in charge of opening my account was not very professional.

First I was told that I need 5000 to open account, but after submitting all the documents they suddenly put it up to 10000.

These people also didnt understand the local rules on who is allowed to trade on ICE and they mixed ICE US and UK up.

They quote their rate as 0.99 per side, which in reality amounts to 4.90/rt.
They seem to be a good brokerage, they are even an exchange member but if you are looking to open a small account, it is not they specialize in.

Can someone comment on the different platforms different brokers offer?
Which are reasonable to trade and how they compare to good ones like CGQ and TT?

Ninja trader platform seems to gaining a lot of users.
One can try it with Mirus or AMP

AMP global has their platform too which is actually the OEC platform.

These are the 2 i have used or using.


Have had experience with Strategy Runner with Global Futures but i would rather forget that experience . -)) Lets say arms length is too close .

Zen fire feed usually have a tad more comms in them but still attractive.

Open E Cry I trade live with them since January, Via: (Daniels Trading IB)wonderful platform. Total Custom control over just about everything in the platform. Good execution. Very stable with auto reconnect. Low day margins on the Eminis. 24 Chat customer support. About a week ago they had some very annoying connection issues due to a new version release. It is fine now.

For anyone new to Futures or a Seasoned trader I find this platform to be very Plyable.

Ok, well nobody else is will ing to offer it - Interactive Brokers....I saw the negatives earlier, but have to admit I haven't had any issues.

It really depends on what you are looking for. If you want to be able to make money around the clock, IB is the only place. The platform is bad, true.....I use Ninja with them. They are working on new charts.

As far as low margin.....they aren't bad. But margin being low isn't all that. The commissions are almost nothing. Plus, it's nice to be able to trade 80 or so markets in the same account. Is it for everyone? Of course not. Besides, how many brokers out there in the US offer ASX200 futures? Or how about MHI futures? SGX?

I have heard many good things about Mirus.

Chris

I've got an account with OEC. Low commissions and good execution.