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Hey TMFT, right. TOS platform is separate from NT.
However, TDAmeritrade's feed works with NT currently. So in this case one could get both. I haven't been able to do it personally. Because my old TOS account (pre- TDA merger) doesn't work with NT. I called TOS tech support and they told me I had to start a new TDAmeritrade account in order to have it work with NT
I just spoke to one of Woodies moderators about an hour ago. Woodies chatroom is burning up with comments. Woodie hasn't come up with anything as far as recommending another broker. Woodies broker, PFG Neil (Neal?) used the ID of "PFG Neal" but today I was told it is just "Neal." When Woodie went to the paid version of his chatroom many of his followers dropped off...at $300 a pop ($200 to lease the Woodie Bars and $100 for the chatroom) that's when PFG stopped sponsoring the room but they were still the "favored" brokerage. I also heard that today Woodie was introducing a new "Woodie" bar called NADAX bars. ?? Wonder what that's all about. Maybe hybrid or JAM renkos. I haven't seen them.
TDAmeritrade/TOS offers futures and forex but the problem is that their margin requirements are much higher than most other brokerages and that means you have to carry a higher account balance.....more at risk if they have a problem.
Plus their feed is not fast or robust enough to day trade futures. If taking long term positions works fine but not for intra day stuff.
"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
Yes, that's why I started with NT and Mirus since back then futures&forex on TOS pre-merger was lagging and their requirements and fees has always been higher. However, heard that it can be negotiated down for futures. Since the TDA merger and upgrades, currently TOS speed has been greatly improved on their DOM trading. I compared NT/Zenfire and TOS DOM and didn't find any difference in slippage now. Time and sales look exactly the same. Plus for forex, there is the option to use commission based trading instead of by spread. Don't know if it means anything anymore but possibly the higher requirements and fees could mean greater security and oversight at TDAmeritrade.
Maybe someone who's using TDAmeritrade with NT7 daytrading futures could comment..
I'm coming a little late to this thread, but wanted to share what I know about the situation. The first thing I should mention is that I closed my PFG account last February and opened an IB account to trade futures on MultiCharts. It's looking like that was a timely move.
I had originally setup my account up with PFGBest as part of their relationship with NeuroShell. They had a free autotrading interface on an API that PFG provided. I ended up doing a whole lot of work to get this setup, and actually re-wrote their entire help file and documentation on using this setup. The API was very clunky, and over time I more or less gave up on it. NeuroShell can also autotrade on IB, but you have to pay $70 a month to some guy who wrote an interface to them. The only difference was it worked, and the PFG thing didn't.
So I had funds sitting there in PFG for quite a while doing nothing, until I pulled the trigger and moved it. The sales person at PFG was a little disappointed, and left the door open for my return (i.e. I have an open account, but $0 deposited). I just spoke with my sales person at PFG, and he is in shock. He knew the CEO almost on a personal level and said his world is now turned upside-down. He was officially laid off as of yesterday, and said the entire company is now in receivership. I asked him what he was going to now - his response: "I think I'm finished with the futures business". This is coming from someone who I think is a genuine person with a great character. He went on to say: "After this, who can you trust?"