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best broker for mini futures?
- Thread starter z32000
- Start date
Quote from z32000:
so is this the advantage between futures over forex, which is the specialist is on your side?
As was mentioned on your other thread, there are no "specialists" in futures (i.e., those with a role similar to specialists on the NYSE). I believe futures are the most fair and transparent markets out there. Retail forex isn't very fair, and it's definitely not transparent.
JangoFolly
Registered: Feb 2005
Posts: 459
05-12-07 12:43 PM
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Quote from ssss:
But all broker'S mentioned are not pure agent's of principal-
If you win ,you win from they's pocket and that can not be long
....
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You are incorrect. The OP is asking about exchange-traded e-mini contracts. Except for execution, clearing and platform fees, neither introducing brokers nor FCMs make or lose money when traders lose or win. This may be true of OTC forex where the introducing broker is taking the other side of your trade; however, for exchange-traded products the counterparty is always another trader.
some time before author received answer from trademaven
... we are trading from proprietary company account and
each trade from this account must report to CFTC .
As all future brokers are FCM and have proprietary acount ,they make essentialy the same
If any operator long ert, broker can be short ert
Pure agent -as example AMERITRADE- ...company is not
market maker and by 10-k form you would not find any article
in report from trading from proprietary account .
Only commission ,margin ,service &
To date not knew any pure agent in future industry .
IF you knew ,please inform the author !
###############################
some SEC brokers ,which are pure agents offer alsov
future (TOS,RML &)
Registered: Feb 2005
Posts: 459
05-12-07 12:43 PM
--------------------------------------------------------------------------------
Quote from ssss:
But all broker'S mentioned are not pure agent's of principal-
If you win ,you win from they's pocket and that can not be long
....
--------------------------------------------------------------------------------
You are incorrect. The OP is asking about exchange-traded e-mini contracts. Except for execution, clearing and platform fees, neither introducing brokers nor FCMs make or lose money when traders lose or win. This may be true of OTC forex where the introducing broker is taking the other side of your trade; however, for exchange-traded products the counterparty is always another trader.
some time before author received answer from trademaven
... we are trading from proprietary company account and
each trade from this account must report to CFTC .
As all future brokers are FCM and have proprietary acount ,they make essentialy the same
If any operator long ert, broker can be short ert
Pure agent -as example AMERITRADE- ...company is not
market maker and by 10-k form you would not find any article
in report from trading from proprietary account .
Only commission ,margin ,service &
To date not knew any pure agent in future industry .
IF you knew ,please inform the author !
###############################
some SEC brokers ,which are pure agents offer alsov
future (TOS,RML &)
Quote from ssss:
some time before author received answer from trademaven
... we are trading from proprietary company account and
each trade from this account must report to CFTC .
As all future brokers are FCM and have proprietary account ,they make essentialy the same
If any operator long ert, broker can be short ert
Pure agent -as example AMERITRADE- ...company is not
market maker and by 10-k form you would not find any article
in report from trading from proprietary account .
Only commission ,margin ,service &
To date not knew any pure agent in future industry .
IF you knew ,please inform the author !
###############################
some SEC brokers ,which are pure agents offer alsov
future (TOS,RML &) [/B]
I think you might have misunderstood what trademaven told you. It's definitely true that some FCMs and introducing brokers also operate proprietary trading accounts. However, that activity and those accounts have nothing to do with any retail trading activity that goes through their firm.
FCMs are required by law to hold their customers' funds in accounts that are segregated from the firm's operating capital. On exchange-traded products there is no bucketing of trades as occurs with retail forex. Futures brokers are simply a conduit; they are never a specific counterparty to their customers' trades (they could be an incidental counterparty, just the same as any other trader in the world could be in that same market).
Disreputable brokers might churn your account (if it's managed by them), give you bad advice, provide poor service, or overcharge for commissions and software, but they're not doing what you think they're doing.
USA ,Germany law not forbid for company monitor and analyse
clients behaviar ,position and use this information
If company have proprietary account ,she would make that .
No doubt
If any operator would have information about market -maker
would do ,he would more profitable as experienced cocain
trader from Colombia .
Example
DNDN -news in 03.2007 .Market -maker to support trade
after news would forced offer trading very high (he leased
this shares) and after that manipulate market ,to cover he'S position
That knew a lot of persons.
But no any have precise knowledge -how high MM would open
and where he would cover
IF operator would monitor market -maker account
he would knew that by +300% must buy put for 1.6
and by covering by +200 sell it for 7
Reversive Market -maker knew clients positions (not forbidden from law) and used this information to trade against clients
interess .
Best wish ...
clients behaviar ,position and use this information
If company have proprietary account ,she would make that .
No doubt
If any operator would have information about market -maker
would do ,he would more profitable as experienced cocain
trader from Colombia .
Example
DNDN -news in 03.2007 .Market -maker to support trade
after news would forced offer trading very high (he leased
this shares) and after that manipulate market ,to cover he'S position
That knew a lot of persons.
But no any have precise knowledge -how high MM would open
and where he would cover
IF operator would monitor market -maker account
he would knew that by +300% must buy put for 1.6
and by covering by +200 sell it for 7
Reversive Market -maker knew clients positions (not forbidden from law) and used this information to trade against clients
interess .
Best wish ...
ssss:
DNDN relates to U.S. futures trading how?
As already explained, U.S. futures markets do not operate like stocks or forex. Period.
Your conspiratorial, they're out to get you, you can't succeed without insider information, only multi-million dollar players have successful strats, attitude makes you the most annoying poster in ET, IMHO.
Learn to trade instead of being a chronic paranoid complainer.
Osorico
btw; did you win those foreign (non-U.S.) lawsuits. You remember, the ones where the contest sponsors did not recognize you as the winner.
DNDN relates to U.S. futures trading how?
As already explained, U.S. futures markets do not operate like stocks or forex. Period.
Your conspiratorial, they're out to get you, you can't succeed without insider information, only multi-million dollar players have successful strats, attitude makes you the most annoying poster in ET, IMHO.
Learn to trade instead of being a chronic paranoid complainer.
Osorico
btw; did you win those foreign (non-U.S.) lawsuits. You remember, the ones where the contest sponsors did not recognize you as the winner.
Quote from ssss:
USA ,Germany law not forbid for company monitor and analyse
clients behaviar ,position and use this information
If company have proprietary account ,she would make that .
No doubt
If any operator would have information about market -maker
would do ,he would more profitable as experienced cocain
trader from Colombia .
Example
DNDN -news in 03.2007 .Market -maker to support trade
after news would forced offer trading very high (he leased
this shares) and after that manipulate market ,to cover he'S position
That knew a lot of persons.
But no any have precise knowledge -how high MM would open
and where he would cover
IF operator would monitor market -maker account
he would knew that by +300% must buy put for 1.6
and by covering by +200 sell it for 7
Reversive Market -maker knew clients positions (not forbidden from law) and used this information to trade against clients
interess .
Best wish ...
ssss, apparently neither one of us is making any sense to the other and this conversation isn't really helping the OP with his/her original question, so I will be content to disagree with you.
z32000, I'm sure you would be more than happy with either Interactive Brokers, Velocity Futures, or Global Futures.
Osorico
btw; did you win those foreign (non-U.S.) lawsuits. You remember, the ones where the contest sponsors did not recognize you as the winner.
USA -Marketzar ,won with help of Court of IOWA
but forced out from folloving contest's from marketzar
Germany -Eurex/commerzbank won with help of BAFIN
(germany SEC) Head of Derivative
Swiss -realtime forex ,loss .Budesgericht ruled to cantonal
Gericht .Offschore ,market not regulated
(Broker shut downed platform in time of great
volatility ,accepted error public ,but will not pay)
USA/International -Etrade -not started ,SEC office
informed ,that case is for civil court .
Not started .No chance against Etrade/Yahoo
with batallion of layer
(Accepted as winner from ETRADE ,but was forced
to signature longlife adv.agreement ,which was not
anounced before in term & conditions,avoided signature )
For 16 month won 4 time price money, won was accepted from couterparty as best period/contest result ,but payed only
in 2 case's
from approx 50000$ price moeny only 5000$ payed .
And suspect ,that by future win(if that would the case )
would equal story
btw; did you win those foreign (non-U.S.) lawsuits. You remember, the ones where the contest sponsors did not recognize you as the winner.
USA -Marketzar ,won with help of Court of IOWA
but forced out from folloving contest's from marketzar
Germany -Eurex/commerzbank won with help of BAFIN
(germany SEC) Head of Derivative
Swiss -realtime forex ,loss .Budesgericht ruled to cantonal
Gericht .Offschore ,market not regulated
(Broker shut downed platform in time of great
volatility ,accepted error public ,but will not pay)
USA/International -Etrade -not started ,SEC office
informed ,that case is for civil court .
Not started .No chance against Etrade/Yahoo
with batallion of layer
(Accepted as winner from ETRADE ,but was forced
to signature longlife adv.agreement ,which was not
anounced before in term & conditions,avoided signature )
For 16 month won 4 time price money, won was accepted from couterparty as best period/contest result ,but payed only
in 2 case's
from approx 50000$ price moeny only 5000$ payed .
And suspect ,that by future win(if that would the case )
would equal story