NexusFi: Find Your Edge


Home Menu

 





Broker and Datafeed questions for manual trader


Discussion in Brokers

Updated
    1. trending_up 1,829 views
    2. thumb_up 0 thanks given
    3. group 2 followers
    1. forum 1 posts
    2. attach_file 0 attachments




 
Search this Thread
  #1 (permalink)
 FrazMann 
Aberdeen/Scotland
 
Experience: None
Platform: None atm
Trading: Crude cl
Posts: 33 since Dec 2016
Thanks Given: 73
Thanks Received: 10

Hi,

Im looking to start trading futures and im trying to choose a broker so i can setup a demo account and get use to the platform. Atm im looking at IB and ThinkorSwim. Thinkorswim because of tastytrades and IB because its well known even though it does have some regulatory actions on the NFA website. Im also not looking to develop automated systems, therefore i dont need an API so i can collect tick data etc. Im looking to trade manually and very infrequently.

Re: Setup
Ive seen on the forum that alot of people have the following setup:

Charting package + Broker + Data feed

I can understand getting a charting package if you dont like the one supplied by your broker, but im not sure i follow the data feed requirement. For example, if IB is your broker, then why would you not use their prices, as that's what you get filled on?


Re Commissions:

Thinkorswim = $2.25/contract + exchange and regulatory fees
IB = $0.85/contract + exchange and regulatory fees

why is there such a large difference as im assuming the exchange and regulatory fees are the same for both?

Re Newsfeeds:

Do you know if there is any difference in the news feeds?

Re Market Depth:

Does anyone know if they both offer this?

If anyone has any comments regarding if Thinkorswim or IB would be better suits to they type of trading im looking to do i would appreciate it. I see BigMike uses IB so thats already a vote in their favor.

Thanks for your time.


Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
My Rant with AMP Futures
Trading Reviews and Vendors
Datafeed for Atas
Platforms and Indicators
EA
Platforms and Indicators
requesting .nrd replay files from 2026 spy and qqq
The Elite Circle
No book, only a stair: journaling fills where price move …
Cryptocurrency
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Mes vs MNQ
6 thanks
NexusFi site changelog and issues/problem reporting
5 thanks
BERN ALGOS algo trading journal
3 thanks
TopStep Trader disappointment
2 thanks
Johnnys Journal
2 thanks




Last Updated on March 20, 2017


© 2026 NexusFi®, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Downloads - Top
no new posts