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Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Posts: 4,919 since Dec 2013
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The article is dated March 13th, 2014 and the #1 forex broker is Alpari but the Alpari website says that "Following a strategic review, Alpari has decided to exit the US retail foreign exchange market as a Retail Foreign Exchange Dealer (“RFED”) and focus on developing its successful institutional division, QuantumFX. As of the close of business on Friday, September 27, 2013, Alpari will no longer be the counter-party to your trades." Sort of calls into question all of their reviews.
The following user says Thank You to SMCJB for this post:
These sites are typically written for search engines while they provide inaccurate data and don't get updated often. The source of income for these sites is typically ads driven by Google that compensates them for clicks.
Matt
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
The following user says Thank You to mattz for this post:
I doubt very much they did any research beyond glancing at websites and stealing snippets from other reviews. And in the case of Trading Block, they didn't even do that much. Trading Block is not a futures broker. Also, Schwab and Options Xpress are listed separately when the parent is the same. (Did Scwhab even offer futures before the purchase of OX?)
The following user says Thank You to CafeGrande for this post:
Thanks for the info. I wasn't aware of that. Alpari UK seems to still be up. Alpari used to be popular among FX retail aspirants more than a few years ago.
I would agree there is entirely too much interference by Google these days with their ads and their search links and tracking cookies.
It's hard to find a good list. I recall lists made of FX brokers five years ago also never seemed to be able to decide
which were stable FX brokers. There were always massive complaints about slippage and "stop running", and FX brokers in general especially those with MT4 as a primary platform. To be fair, I had heard of and trialed a few years ago, Dukascopy, Oanda, Alpari UK, and MB of course, and these seemed legit and established and I posted that link because I had actually tried a bunch of those listed in that top 10 some before I had joined futures.io (formerly BMT) (I used to be an MT4 junkie before even hearing of NT on futures.io (formerly BMT)) and not just grabbing a link.
The following user says Thank You to Cloudy for this post:
Google is a search engine, and sadly not always links to quality and/or the right information. Second, I totally get the frustration that you want a list that you can compare apples to apples, and make an informative decision.
But, there are different connectivity data feeds, platforms, and frequency of trading for the different individuals.
This will all result in different commissions structures.
The best is to narrow your choices on the platform and other requirements because broader searches sadly lead to the site you found.
Matt
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
The following 2 users say Thank You to mattz for this post:
^ It also takes a tremendous amount of time to do a 'real' review which should include setting up trial accounts, testing the software, making paper trades, comparing trade confirmations and position management windows (or documents), etc. I don't know if anyone does that because for a top 10 list you have to start with a company count > 10.
Another time consuming category would be testing APIs. Some are simple, some are a pain in the arse, some are available to all customers, some are available only to customers with x amount of funds and x amount of trading activity. I had one from company A (a trial) that disabled the one from company B (real account).
I think the annual review from Barrons is a good guide for stock and stock option trading and a few of the same firms offer futures and futures options. It comes from a reputable publication and they note improvements in features and rankings compared to previous years. If anyone comes across a similar report for futures/FOPs platforms and brokers, please share it.
The following user says Thank You to CafeGrande for this post:
