Reviews of futures brokers

Reviews of futures brokers

Posted: invox Date of post: 29.06.2017

Futures Broker Emini Stocks Bonds Notes Energy FX Futures Grains Metals 0. Well, its that time of the year again to check futures broker commission rates for I do this once a year to make sure that my commissions paid are somewhere near the average.

You really need to do this once a year, just to keep track of any newcomers, stay abreast of pricing trends, eliminate any brokers that went out of business, and find out about any juicy gossip about which broker got into trouble. On January 5th, I set upon the task of building the yearly database of every futures brokerage that I could find on the internet.

The process took a full three days of web scraping.

After I built the list, I next contacted each broker and requested a quote for commissions. I also made a uniform request with identical variables. I asked for a quote for the Emini SP, 10 year note futures, crude oil futures, Euro FX futures, corn futures, and gold futures. Why did I select only these 6 markets?

The exchange fee for the 30 year bond future, the 10 year note future, and 5 year note future, and the 2 year note future ALL have the same exchange fee.

reviews of futures brokers

Same with FX and energy futures. These 6 market groups are also the most actively traded futures contracts in the world. I felt that this would represent the vast majority of my readers and give them the best chance at making sense of the landscape.

I did my best to haggle over price. Some wanted higher rates and refused to budge.

Futures Online Broker Review - Warrior Trading

But some where quite willing to lower price to be more competitive. Yet others simply posted their lowest available price, right on their website and would not budge.

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After I felt like I had done my best to haggle with each broker, I then notified each broker that the price quote would be used on a comparison table that would be publicly available on my website. I gave each broker the option of contacting me later, and that I would immediately adjust the price higher or lower. I felt this a fair way to give each broker a chance to compete for new customers.

reviews of futures brokers

Some of these brokerages are quite large and have many different representatives within the company. It would be unfair to not disclose that on any given day, you might get lucky and find a hungrier rep than I was able to find. You could get a better price on a whole host of different input variables. I also want to be clear that these quotes are just a snapshot in time.

Brokerages can and do change pricing without notice.

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Org Review Team Warning Add Listing and Review Request Prop Trading Prop Trading Firms Menu Live Trading Rooms Stocks Trading Rooms Futures Trading Rooms Trading Software Trading Mentors Trading Systems Brokers Discount Futures Brokers Stock Brokers Consolidating The Price And Disclosure After I felt like I had done my best to haggle with each broker, I then notified each broker that the price quote would be used on a comparison table that would be publicly available on my website.

A Fundamental Unfairness Some of these brokerages are quite large and have many different representatives within the company.

reviews of futures brokers

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Notify of new replies to this comment. Ninja Trader is an excellent brokerage, and an excellent trading platform.

So in reality, you are paying the published rate plus. And the learning curve on the platform does take some time. Hi Arnold, The list is getting finalized. Just waiting for a few brokers to respond with pricing. I personally use Transact Futures and pay. Would like to use Zumo or Generic Trade, same company as they are. However, these brokers make you use their own platform. I use Trade Navigator. Be merciless about commissions paid.

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