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I just started trading futures after 10 yrs of stocks. I use thinkorswim but was wondering what other traders use for scakping the emini ( I do 3 scalps per day at most now). Any suggestions for low cost but respectable broker ??????
Can you help answer these questions from other members on NexusFi?
To not be biased, you want to find a broker who provides reliable platforms. Also provides diversity within their platforms, low day trading margins, competitive commissions etc. You also want to find a broker with a good reputation in the industry. It's all about doing your research. Cannon Trading has been in business since 1988 and you can find reviews about us online: https://www.trustpilot.com/review/cannontrading.com?utm_medium=trustbox&utm_source=Slider
PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
Trading: All Eminis: Russell 2000, S&P's, Nasdaq and Dow
Duration: Minutes
Posts: 15 since Sep 2018
Thanks Given: 17
Thanks Received: 13
TD Ameritrade (Thinkorswim broker) is very good. Currently I trade with Amp Futures. RT commisions I pay $4.10, that's including all fees with the exception of data. Since I mainly trade indicies, my data is $5 a month. Amp has a lot of platforms for you to checkout also. I currently use MT5 but there are other platforms out there with more to offer. MT5 is kinda limited b/c many assume its mainly a forex platform, but for me, I like the ability to have the app on my phone as a backup to my trading platform. I'm sure others have this capability also, but as for now, I'm testing out MT5.
(Fee breakdown per RT:
CME exchange fees - $2.36 NFA fees - .04
clearing fee $1.00
CQG TRF fee - 0.20 for a total of $3.60 per RT, so the commissions make up the difference of $$4.10 minus $3.60 in fees which is 0.50 per RT OR 0.25 per side. NO special rate for volume or acct size, this fee table is standard if you trade less than 2000 contracts per month)
