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Any one have experience or info on Transact Futures?


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  #1 (permalink)
Yasha
San Francisco
 
Posts: 4 since Apr 2011
Thanks Given: 0
Thanks Received: 2

Hi,

First time poster here. I've been using IB for almost 10 years for stocks but started trading futures exclusively the last 2 years. I use Sierra Charts and found it to be an excellent software and just what I need. I'm now looking for a good broker to use with Sierra Charts and that has a good tick data feed. From reading other posts, TT with Velocity seems good. Has anyone used Transact Futures? I've been using their demo for a week and it seems good for trading CL future so far. But any info on their reliability and rating would be appreciated.

Thanks.


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  #3 (permalink)
 
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 Mickey Caine 
Kent, England
 
Experience: Intermediate
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Broker: Infinity
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Been using the Transact Dom via Infinity Futures for several years. Found the Dom to be very stable, problems are extremely rare, furthermore I have found the customer service to be 2nd to none. Love the fact that the dom knows what style of order to place depending on where you are clicking, much more user friendly than other platforms, which in turn makes user error far less frequent.


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  #4 (permalink)
Yasha
San Francisco
 
Posts: 4 since Apr 2011
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Thanks for the info. I am looking at them and Optimus. Any experience with them?


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  #5 (permalink)
 
lolu's Avatar
 lolu 
Lagos, Nigeria
 
Experience: Intermediate
Platform: NinjaTrader, SierraChart
Trading: Euro Currency & Oil
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Mickey Caine View Post
Been using the Transact Dom via Infinity Futures for several years. Found the Dom to be very stable, problems are extremely rare, furthermore I have found the customer service to be 2nd to none. Love the fact that the dom knows what style of order to place depending on where you are clicking, much more user friendly than other platforms, which in turn makes user error far less frequent.

What's your experience on their Commission and other charges ?

Lolu


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  #6 (permalink)
Trader Y
Windsor, ON, Canada
 
Posts: 58 since Dec 2010
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I used Infinity/Transact for over a year. They are decent. The DOM was good and easy to use. Service is excellent as well. Commission is what discouraged me in the end. CL, GC, NG, 6E are almost $6 RT. It sort of adds up when you start trading more frequently or bigger sizes.

I used the Rithmic feed for a few months and was not happy at all. While I swear the feed is lightning fast, like faster than I have have seen from others (which was good), there were random drops & outages during volatility. That is no good when trading volatile markets.

I also started with Sierra Charts and still use it today except I'm trading directly through Sierra's charting. It's great. I am using Deep Discount Trading currently with the TT feed. Price is excellent and support is amazing as well. For example RT on CL/GC is $4.14.


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  #7 (permalink)
 
torroray's Avatar
 torroray 
Malaysia
 
Experience: Beginner
Platform: Multichart DT
Broker: MB Trading
Trading: Fx
Posts: 272 since Nov 2009
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Trader Y View Post
I used Infinity/Transact for over a year. They are decent. The DOM was good and easy to use. Service is excellent as well. Commission is what discouraged me in the end. CL, GC, NG, 6E are almost $6 RT. It sort of adds up when you start trading more frequently or bigger sizes.

I used the Rithmic feed for a few months and was not happy at all. While I swear the feed is lightning fast, like faster than I have have seen from others (which was good), there were random drops & outages during volatility. That is no good when trading volatile markets.

I also started with Sierra Charts and still use it today except I'm trading directly through Sierra's charting. It's great. I am using Deep Discount Trading currently with the TT feed. Price is excellent and support is amazing as well. For example RT on CL/GC is $4.14.

$4.14 does that include exchange, platform, data charges?


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  #8 (permalink)
Trader Y
Windsor, ON, Canada
 
Posts: 58 since Dec 2010
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Sierra Platform is $18 a month. Exchange & data fees are included in that cost, yes.


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  #9 (permalink)
 
torroray's Avatar
 torroray 
Malaysia
 
Experience: Beginner
Platform: Multichart DT
Broker: MB Trading
Trading: Fx
Posts: 272 since Nov 2009
Thanks Given: 52
Thanks Received: 61


Trader Y View Post
Sierra Platform is $18 a month. Exchange & data fees are included in that cost, yes.

Thats quite good but how about their daytrade margin, are they competitive comparing the likes of Mirus?


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  #10 (permalink)
Trader Y
Windsor, ON, Canada
 
Posts: 58 since Dec 2010
Thanks Given: 14
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Ah, 25% on full size contracts and 10% for mini's - intraday that is.


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