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Need a NEW multi-platform Broker (futures) w/reasonable balance requirements?


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Need a NEW multi-platform Broker (futures) w/reasonable balance requirements?

  #1 (permalink)
 RDCoach 
Las Vegas, NV
 
Experience: Master
Platform: APEX n Sierra
Broker: Tradestation and AMPFutures
Trading: Emini Futures, Futures
Posts: 12 since Apr 2018
Thanks Given: 4
Thanks Received: 10

Traded futures on Tradestation for many years. Switched to AMPfutures for 6 years and went back to TS 6 mos. ago Very unhappy. Huge account balance requirements due to volatile markets. Looking for a decent broker that supports multi-platforms, with REASONABLE $$ requirements?

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  #2 (permalink)
 
FuManChou's Avatar
 FuManChou 
Saint Paul, Minnesota, United States
 
Experience: Beginner
Platform: MultiCharts
Broker: Edge Clear LLC
Trading: MNQ
Posts: 100 since Jun 2019
Thanks Given: 1,127
Thanks Received: 120

It would depend on which platform you like and/or need.

Check out Edge Clear. I moved from TradeStation to Edge Clear using MultiCharts as a platform. All of my indicators and strategies transferred and compiled just fine with MultiCharts.

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  #3 (permalink)
 kevinkdog   is a Vendor
 
Posts: 3,666 since Jul 2012
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Tradestation usually requires SPAN margin (the Exchange minimum), but I agree this past month or two some of the margins were raised to crazy levels.

I noticed Heating Oil, for example, is about 2x SPAN minimum. I don't expect that to last, but it makes it a ton harder to trade Heating Oil now.

Of course, the volatility in HO is extreme. One day in March it lost over $42K per contract in ONE day!


I would agree with previous poster that Multicharts would be good alternative, and will give you access to other brokers. Plus, code will translate well.

BUT, do be aware that some strategies will perform differently when you start to use non-Tradestation data in Multicharts. That is mainly due to rollover effects. I've had good strategies in TS fall apart in MC, and vice versa.

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Last Updated on May 5, 2022


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