Velocity and Mirus: Anyone Experienced?

[Oli]

Hi,
if there is any one who uses or has used Velocity or Mirus I would really appreciate some insights.

I currently use IB and am looking for a new, better approach to trading in terms of software integration. Ninja+ZenFire or Ninja+TTfix sound like really nice, tightly integrated, complete solutions.

However I am wondering what the broker experience is like with these other firms. I mean the realtime position/portfolio tracking at IB is great, but I am not sure these others offer similar controls?

Any thoughts on these brokers much appreciated...

[momentom]

Mirus looks not very customer friendly. Had many accounts over the last 20+ years and looked at Mirus to use Zenfire with ninjatrader as an additional broker.

I made contact, filled in the forms online, heard nothing and despite two emails to a specific person have not had an account number after more than a week. Doesn't bode well for customer service when I really need it so I will try somewhere else.

[brownsfan019]

I would add Open ECry to your list of possible brokers.

[MidKnight]

I too have contacted Mirus in the past trying to get information about markets offered and they never replied to my emails queries. My experience has been similar to momentom's above.

With kind regards,
MK

[momentom]

Can anyone recommend a broker who supports using Ninjatrader for both charting and trading? I'm looking for zenfire data connectivity. I tried Mirus but their customer service was useless.

Thanks

[Sledge]

	Quote:	Oli
	Hi, if there is any one who uses or has used Velocity or Mirus I would really appreciate some insights.

VELOCITY is a band of theives, bad fills, horrible slippage to their benefit at all times (not just news times) When you should be getting + swap $, they actually deduct from your account at least on GBP/USD longs, that was reason enough to bolt from them. No one steals from me!

Add to the fact that they are on the edge of death with not having anywhere near the capital requriements to stay afloat, I will attend their funeral and spit on their grave when they are buried!

Want a GOOD Market Maker Broker (if you decide to go the MM vs ECN route?) Go with Alpari UK- a stellar band of fine gentlemen and the best MM out there IMO.

[atto]

I've heard good things about Amp Futures, which offers NinjaTrader with zenfire.

[dandxg]

	Quote:	Sledge
	VELOCITY is a band of theives, bad fills, horrible slippage to their benefit at all times (not just news times) When you should be getting + swap $, they actually deduct from your account at least on GBP/USD longs, that was reason enough to bolt from them. No one steals from me! Add to the fact that they are on the edge of death with not having anywhere near the capital requriements to stay afloat, I will attend their funeral and spit on their grave when they are buried! Want a GOOD Market Maker Broker (if you decide to go the MM vs ECN route?) Go with Alpari UK- a stellar band of fine gentlemen and the best MM out there IMO.

I think the OP was referring to Velocity Futures vs. Mirus and not Velocity FX which I believe you are referring to correct? My understand they are not the same.

I have used both in the past, both are 8+ IMO. I don't have time to go pros and cons. There are write-ups on both on ET just like this thread. There is no perfect broker. I am relatively happy with TransAct, but they do a poor job of responding to e-mails too. Unless you live out of country just call your broker, don't e-mail, unless it's for a rate quote and you need it in writing. Brokers are too busy too answer every e-mail. I know when I was with Velocity Futures they wouldn't return e-mails, but read them and call you, much quicker. It's speed of light business with low margin with a staff of a few. Things that I look for in a broker.

1. Do you answer the phone in less than 3 rings on trade desk?
2. Reliability of platform and data
3. $$$ of comm.

I would add Advantage Futures to the list of contenders I have heard well of. GL

[Oli]

thanks dandxg -
if you get some spare moments it would be great if you could share your broker experiences. I think that money management tools, easy access to cash, free transfers, good sweep rates, things like this are very important to me. problem is that even getting a full commission list is difficult, let alone and insight into the back office type of stuff... makes changing broker a big decision for me (been with Interactive Brokers since 2005)

[bacchus]

I have an account with mirus and another account with oecry.I don;t have any issues with any of them.Mirus is using zen fire and ninja trader($60 per month or $995 for life).For small volume the commission is $4.50 round turn.Oecry's commissions are $3.80
round turn(pro) and their software is very good and it's free.I know some people have some problems with them(oec) but I don't.