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very few brokers specialize in handling IRA for future trading. I used to have it with Vison Future I think they are out of business now. Your best bet is to go with InteractiveBrokers.
For many of my utilities and other payees, Billpayer is an eCheck because they have the capability to receive funds electronically. AMP does have that capability but does not facilitate eCheck anywhere close to as well as other places I have used Billpayer or eCheck payment. If I had to pay $30 (AMP's charge for wire transfer) for every bill payment, I couldn't afford very much after paying all my bills.
AMP's ACH method of removing funds from my account seemed to work pretty well. We'll see how well tomorrow when the funds are supposed to be in my account. But, it turns out, their ACH process for funding an account is not quite as good as tying a check to a rock and launching it east (from the Left Coast) with a trebuchet. I think I would have figured out sooner that the trebuchet didn't work and would have spent less time messing with it.
Mike may scold us for going of topic but I couldn't resist saying I THINK my IRA rollover to a self-directed TD Ameritrade account is going SWIMmingly.
Most of the time, it's a straight forward process if the broker/FCM has a relationship with the custodian. In our experience, Midland has been great, and they work with most FCMs (including AMP).
Matt Z
Optimus Futures
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
I am too new to electronic trading dispute this. TD Ameritrade and Schwab must be exceptions because with both of them, I funded using ACH and was up and trading in a day or two. Application, funding, trading in less than a week vs 6 weeks of fumbles and foibles on both sides (AMP and mine) and account canceled the day before funding was cleared. In my narrow view of the trading land, AMP was the odd funding labyrinth.
Is it possible to trade concurrently the Sierra Chart and MetaTrader 5 platforms ? Or will one of the two be read-only ?
Ideally, I would like to trade futures from SC but monitor the trades on MT5 where I’ll use a trade copier (mql script) to slave another MT5 CFD account. Can it be achieved ?
Yes, it is possible to view MT5/Sierra via the same account. But, CQG charges an additional fee for the 2nd user, and additional data feed because you will need different credentials for each machine. However, to the best of my knowledge, you can later between the two while paying one fee (in case you do not need both at the same time).
MT5 could be connected also to a CFD broker, but why would you use a market maker to trade futures or vice versa? (rhetorical question) different quotes and markets (exchange versus a single market maker).
Thanks,
Matt Z
Optimus Futures
There is a substantial risk of loss in futures trading. Past performance is not indicative of futures results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
I wanted to share my experience this week while working in a pretty volatile market.
During peak times this week, fast moving market, i have noticed that few people i work with had issues with their data feeds and executions using GAIN and other feeds. It is really hard to point the finger at a data provider as there are other variables involved such as individual internet connections, software, hardware setups etc.
What i did want to reiterate is that my setup worked without a flaw, was getting great fills during those resource demanding moments. That really solidified my confidence with my my choices.
Thanks again to Matt at Optimus Futures and their team for helping me choose and streamline my feeds/software.
Jerry
Rithmic (connected to Aurora servers)
RTraderPro
Bookmap
SierraCharts.