[Optimist5]

I was wandering what broker are you guys using and why. Thanks.

[DugDug]

Using IB - because they are the prettiest - the best colours the best sound effects and just the vibe of the thing.

Seriously - IB due to the good platform, spread of instruments - equities, options, futures, FX.
and low prices. However they suck from a charting and customer service point of view if you need your hand held
Also opening up an OEC account as I trailed and like their platform for day trading futures.... acct not quite open yet so who knows if I end up not liking them - but I enjoyed the trial.

Unless you know exactly what you are trading, and how you are trading you are best and will ultimately probably end up trialling a multitude of systems.

[brownsfan019]

I use Open ECry.

Right now just using them to trade futures, but they are branching out into forex and stocks so I may be doing more trading there.

[karim0028]

Originally Posted by DugDug »

Using IB - because they are the prettiest - the best colours the best sound effects and just the vibe of the thing.

Seriously - IB due to the good platform, spread of instruments - equities, options, futures, FX.
and low prices. However they suck from a charting and customer service point of view if you need your hand held
Also opening up an OEC account as I trailed and like their platform for day trading futures.... acct not quite open yet so who knows if I end up not liking them - but I enjoyed the trial.

Unless you know exactly what you are trading, and how you are trading you are best and will ultimately probably end up trialling a multitude of systems.

IB's entire platform blows... Their CS staff cant even figure out how to enter a simple order... If you use IB as a broker; you seriously need a different platform... I like their commissions, so i will keep my account open...

But, i have accounts at IB (great rates), TOS (great platform overall, great charting, horrible futures commissions) and am thinking of opening an account with futurepath trading... Their photon trader platform is really really nice, probably the best, most adept and simplest i have seen to date (it costs $50/month)... Futurepath trading Customer service is amazing, flat out, the nicest and most knowledgeable and responsive i have seen... Also, right off the bat, FP's commissions are in line with IB (sometimes better).... FP is a futures only house. FP and TOS really impressed me in their own ways... I will stop now, bc i am beginning to feel like an infomercial, and i dont even have an account there yet

[Dinerotrader]

Originally Posted by Optimist5 »

I was wandering what broker are you guys using and why. Thanks.

Open ECry.

Why:
- Only $25 per month to SIM trade which includes data feed and charting. And no $25 fee at all if you trade live, just commissions are charged.
- I was able to download it and use it on my corporate work computer which I haven't been able to do with any other broker.
- Lots of good Q&A threads about using their platform here at TL (thanks to Brownsfan and others)

[karim0028]

Originally Posted by Dinerotrader »

Open ECry.

Why:
- Only $25 per month to SIM trade which includes data feed and charting. And no $25 fee at all if you trade live, just commissions are charged.
- I was able to download it and use it on my corporate work computer which I haven't been able to do with any other broker.
- Lots of good Q&A threads about using their platform here at TL (thanks to Brownsfan and others)

Dinero, what is their commission structure?

[Dinerotrader]

Originally Posted by karim0028 »

Dinero, what is their commission structure?

I am not sure how commissions are structured. I have only traded live a couple times and my commission trading one oil conract (CL) was a little under $4 round trip. I think they were having some sort of promotion though when I joined in the fall of last year so I am not sure what rate you would get.

I attached a link to their information section on futures trading but give them a call and I am sure they can help you out more than I can.

OEC futures info

[brownsfan019]

These are OECs published rates.

I would suggest however, that you try to negotiate. The worst that can happen is you pay normal retail.