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I posted the following there "futures io > Trading Community > Trading Reviews and Vendors > Brokers >"
As I received a message from Big Mike, suggesting that I could try to post here, then voila!
What is the best combo Broker+Data for Jigsaw?
I can think of stability, seriousness, low fees, low day trading margin requirement, good customer service, no frozen data during wild markets, no unexpected higher margin because of market behavior, etc.
Perhaps you are especially happy with the combo that you use? If it is the case, could you tell us why and elaborate?
I need to change and I was thinking of Tradovate with data feed included if I understood it right or GFF + Advantage + CDG or Rithmic (sounds complicated).
I trade between 500 and 1000 contracts per month. (YM and ZB)
Thank you all
Can you help answer these questions from other members on NexusFi?
I have both a Tradovate account and NinjaTrade Brokerage. Both have been completely fine, I also use Jigsaw, and actually trade ZB as well (as UB, CL, NQ). No issues on either. I prefer NinjaTrade brokerage (via Phillips Capital), mainly because the margin requirements are a bit lower, as well with NT brokerage you'll be using Ninja Trader as your connection, you don't have to connect a rithmic or cqg seperately for Jigsaw. So basically NT connects to CQG, Jigsaw pulls its info from NT. As well if for any reason Jigsaw had an issue, you can pop over to NT and manage your trade easily. As well with NT Brokerage you can lease or buy the software, and get reduced commissions depending. Kind of like Tradovate has their various commission plans. Just note with the Free NT version (so if you have a NT Brokerage account you get a free license), you can't connect Jigsaw directly with that, you have to go with the lease or buy outright, or pay an additional $10/month I think it is for a separate CQG connection.
- The Independent version is for people that have the basics and want to improve or those that want to dip their toes in the water. It's funny refundable within 14 days. It has 10 hours of order flow education which is solid.
- The Professional is the same with more education - but it's education you dip into for years. It's not a cram it & do it thing. You focus on the next area you want to improve - like trade management, do it - then after a few months watch the vids again and see what you missed. You can upgrade to it from Independent and it's about $50 if you do that way
- The institutional is the above plus the Axia course - which is market state and 19 setups fitting those states.
The latter is more expensive, it does include a year live - which you can cash in when ready - but it is more geared towards someone looking to start over as it's not geared around improving what you have. it all comes down to how much of what you have that you'd like to keep.
If you have any questions about the products or services provided, please send me a Private Message or use the futures.io " Ask Me Anything" thread
That's an odd comment - because there is almost nothing in the training material on setup. The manual has all that.
The training material takes you step by step through Order Flow - it's 10 hours and very comprehensive. I would love to hear about omissions but based on your comment, I wonder if you ended up at the wrong place.
Johns stuff is also solid - he's a great guy.
None of this is revolutionary, really though - but different people will gel with different educators - which is why we support a range - some of whom we partner with and others like John, that we just like because he's a good guy.
If you have any questions about the products or services provided, please send me a Private Message or use the futures.io " Ask Me Anything" thread
The brokers themselves - are really giving you support but they don't generally have their own tech. When you get a broker feed like CQG, Rithmic or GAIN - you see data feed and trade execution. On the broker side is risk management and a bunch of other stuff.
So for the broker - what you want to know is this:
- If the sh1t hits the fan - are 1000 people going to be calling 1 support guy to get them out of their trades?
- Is there any service they can provide you with that will make a tangible difference in your trading?
- Why should you use them?
But all people generally ask is "how cheap is it?" forcing a race to the bottom that helps no-one long term.
So broker is one thing, then back end tech is where the stability, data freezes come in and the simple answer to which never glitches out is "none".
Every now and again a feed will have trouble for a few weeks. You can switch when this happens but it'll happen whoever you have. There's a lot of tech in the stack after all.
If you have any questions about the products or services provided, please send me a Private Message or use the futures.io " Ask Me Anything" thread
Actually I agree with you now. Back when I wrote that I believe I was looking just at the initial set up videos etc. and not even realizing there was the 10 hours of training content. I've watch all 10+ hours of training though since and it is fantastic and fully agree it is all about order flow and actually terrific value.
Not sure if I can edit my original comment but if I can I'll add the above to it. 100% a Jigsaw fan, use it daily and love it. You commented on my purple/green setup on the Topstep facebook group, that's me.