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@ninja my sales rep said the same, but mentioned that you wouldn't until more folks show interest. So..... what is the bar for that? Do X many people need to show interest, is it a length of time thing? Liquidity? Etc.... Essentially what ARE the barriers, what would deem it not viable and on the flip side, what deems it viable?
Can you help answer these questions from other members on NexusFi?
Very good question, there is not a predefined formula that we use. We revisit items like this on regular intervals taking into account numerous data points sourced internally and externally against our current priorities and make a decision.
Disclosure: This communication is sent to you by NinjaTrader, LLC, a software development company which owns and supports all proprietary technology relating to and including the NinjaTrader trading platform.
If I open a NT-Brokerage Account and use the NT8-Free licence, am I able to trade my Sim101 Account with a ATM Strategy? As far as I found out yet it is not possible to use the ATM for Live-Trading if you are using the free licence, but can you use it for your local sim account?
ATM Strategies are available for simulated trading if you are using a free simulation license key (starting with @SIM). However, NinjaTrader Brokerage free live license key will disable ATM Strategies for both live and simulated trading.
Risk Disclosure: Futures and forex trading involves significant risk of loss and is not appropriate for everyone.
I am just now turning the corner and seeing profits after a year of intense focus and learning. FIO has helped tremendously. So with that said, I haven't withdrawn, only deposited at NT.
With Phillip Capital, you can deposit by check and it will take almost 2 weeks to post. Or you can wire to Phillip Capital (in my case) for a bank fee. I also have Tradestation, and everything is built in there on one of their screens. You can withdraw and deposit overnight on their site once you have your accounts set up. TS makes NT look like the dark ages when it comes to money transfers. However, I prefer NT to TS for trading. Just my personal preference.
At one point Philips Capital said they accept ACH for deposits, but I tried and it ended up being sent back to me after a week. For withdrawals, if you submit the request by around 11am with wire, it will be posted in your bank account the next day. But it of course comes at a $30 fee.
Back when I was gambling harder, I made weekly withdrawals every Friday. $30 x 52 weeks is $1560. I rationalized it as a cost of the game.
I now also have an AMP account for trading HSI, and AMP offers free ACH for deposits and withdrawals.
One thing I'll give NT/Phillips is that wire deposits and withdrawals were always next day. Besides the fee, the actual service was perfect. Never a problem with money transfers.
Planetkill, thanks for sharing. Good to know Phillip can be counted on. I went through the same as you with the ACH request. I was told by Phillip Capital that they have it, but NT is the holdup for allowing ACH transfers.
NinjaTrader Brokerage is in the process of releasing ACH services through Phillip Capital. We expect to provide this to all US customers through Phillip Capital very soon.
Risk Disclosure: Futures and forex trading involves significant risk of loss and is not appropriate for everyone.