ADMIS as FCM?
- Thread starter rsi80
- Start date
I have been using ADMIS since August of this year, but I am moving my accounts soon. Here are my pros and cons in no particular order.
PROS:
CONS:
I am an emerging CTA and I have too many demands on my time already. I have found the ability to get something done self service via a better portal is critical to reducing my stress levels.
I think ADMIS is a good FCM, just not for me.
PROS:
- Very big and stable FCM
- Looks good to potential clients if you are a CTA/CTO.
CONS:
- Bare bones after hours trade desk
- Zero visibility of overnight positions via the trade desk if you are using CQG data
- Coded my account LIFO instead of FIFO causing erratic position fills for overnight positions
- You can't withdraw via ACH from the portal. You need to initiate all transfers through your IB
- Inability to self manage block accounts via the portal. Everything must be done via email and the trade desk which can take up to a day to get something done
I am an emerging CTA and I have too many demands on my time already. I have found the ability to get something done self service via a better portal is critical to reducing my stress levels.
I think ADMIS is a good FCM, just not for me.
rmorse
Sponsor
I have one account at ADMIS (Opened while at my old firm) but the balance at Wedbush Futures. Happy to go over the pros and cons of both over the phone. In general you will find ADMIS wants larger accounts and will charge more in commissions than the rates I can get you at Wedbush.