Are you sure about AbnAmro ? I met them in Singapore, I enquired about a 5mil + account and over 150k commissions and fees per year and they didn't seem interested one bit. Mostly they claimed they were not keen on taking one man operations, as well as looking for more commissions than that, so i'm surprised about them taking on new individual accounts, but let me know if some of their other locations would be more friendly to those.
Futures Exchanges not available via Interative Brokers
- Thread starter KCOJ
- Start date
Are you sure about AbnAmro ? I met them in Singapore, I enquired about a 5mil + account and over 150k commissions and fees per year and they didn't seem interested one bit. Mostly they claimed they were not keen on taking one man operations, as well as looking for more commissions than that, so i'm surprised about them taking on new individual accounts, but let me know if some of their other locations would be more friendly to those.
Berkeley Futures Limited provide access to DGCX, Brazil offer SaxoBank
Warsaw Stock Exchange offer Degiro also they plan to offer National Stock Exchange of India
in the coming months.
Warsaw Stock Exchange offer Degiro also they plan to offer National Stock Exchange of India
in the coming months.
Thanks very much for these three … I will follow up with each next week
Very glad to hear that works for you, but the adage “diversification is your only free lunch” rings very true for me
I have no need for data … just after execution and clearing
Diversification is a very big concern for me as well. However, most diversification will be found by trading products in the different asset classes and not products within the same asset classes across exchanges. At best, you can trade exotic equity indices. But, that strategy will only magnify exposure to global economic shocks.
Also, I don't think any retail futures broker will execute orders (via electronic order) on a product for which you do not have a data sub. Except maybe via phone orders at $30 commish. Data and order routing are tied to the hip in retail. Please tell me if you do find a broker that provides that.
You don't need to subscribe to data before trading a product with IB, and can get your data from sources outside the brokerage, which is probably what OP has in mind.
Your point is well made and I totally agree with you. There is absolutely no point trading Gold in Tokyo if you're already trading Gold in Chicago.
Sorry can’t agree with this at all. I could list many examples, but just to take a few … Rubber, Korean Bonds, Palm Oil … on what Chicago exchanges can you get exposure to markets that have any correlation to these three. (btw I realise that CME do in fact have a Palm oil contract but it has zero liquidity compared to 50,000 contracts traded daily on Bursa Malaysia)
Regarding equity indices, then sure if you’re holding longer-term positions you will naturally be exposed to the same global events. But let’s assume that you day-trade a particular price action that works well for you on an intraday basis. Why would you focus solely on Chicago markets when you can apply the same methodology to the Hang Seng, MIB, KOSPI or many others that are trading in a totally different time-zone, thereby providing that free lunch of diversification.
We can also consider arbitrage position between markets like Chicago Wheat v LIFFE Wheat v Milling Wheat or Sugar#5 v Sugar#11.
I could go on and on, but let me just respectfully suggest that not everything outside of your Chicago hometown should be regarded as either the same or as “exotic”. Take a closer look and I think you’ll be pleasantly surprised at the benefits that will accrue by taking a truly global approach
correct
Point made.
Very well said! I looked into this myself back in 2009, but ran into two issues: 1) In its infinite wisdom, American government only allow U.S. residents to trade a short list of 'approved' foreign futures, and 70% of the list were already enabled in Interactive Brokers. 2) The few other brokers that I found tend to have high commissions, backward softwares, or both. I experimented with them for a few weeks and eventually gave up on all. If you have found other brokerages that have reasonable commissions and decent trading setup, I would love to hear about them.