Looking for a good retail firm

N

Nofear777

One with..

A good order execution system.

No monthly overhead charges just to connect to their system.

FDIC insured.

This account will not be a daytrading account and most stocks will be held weeks at a time. It will be a joint account, I will not need any leverage.

I guess I can use Ameritrade but their website can't handle heavy loads of traffic.

Anyone? Please help . Thank you.
 
I am a fairly active ES (emini s&P) trader doing about 30 RT's a day.

I am looking for a broker that offers Ninja 6, prefer Zenfire.

I have been looking at AMP, but I am a little concerned seeing the post on this site that are from a sale's guy posing as a trader...I have also read some customer service complaints on this site.

I am considing Velocity..but pretty sure they don't have Zenfire and not sure how much of a difference that will make.

I am also looking at Mirus and waiting for a quote from them.

I want to pay as little as possible for RT, but also want a very good outfit with outstanding customer service, low intra-day margins and finally, solid and super-fast platform performance and execution is most important to me.

Any suggestions would be great. I am in Minneaplis area and have about $20k to deposit for this account if that helps. I do hold overnight from time to time, but mostly keep it intraday

Thanks -
Tomato
 
No brokerage firms are FDIC insured.

Schwab and Fidelity are solid firms for intermediate term traders and buy and hold types.

If you have a sizeable account it would be worthwhile to use Interactive Brokers and pay the minimum $10 monthly fee for inactive months.
 
Quote from Tomato:

I am a fairly active ES (emini s&P) trader doing about 30 RT's a day.

I am looking for a broker that offers Ninja 6, prefer Zenfire.

I have been looking at AMP, but I am a little concerned seeing the post on this site that are from a sale's guy posing as a trader...I have also read some customer service complaints on this site.

I am considing Velocity..but pretty sure they don't have Zenfire and not sure how much of a difference that will make.

I am also looking at Mirus and waiting for a quote from them.

I want to pay as little as possible for RT, but also want a very good outfit with outstanding customer service, low intra-day margins and finally, solid and super-fast platform performance and execution is most important to me.

Any suggestions would be great. I am in Minneaplis area and have about $20k to deposit for this account if that helps. I do hold overnight from time to time, but mostly keep it intraday

Thanks -
Tomato
More...

Tomato,

Thank you for your interest in Velocity Futures.

If you'd like a free Ninja/TT sim account please let me know.
 
Quote from jeb9999:

No brokerage firms are FDIC insured.

Schwab and Fidelity are solid firms for intermediate term traders and buy and hold types.

If you have a sizeable account it would be worthwhile to use Interactive Brokers and pay the minimum $10 monthly fee for inactive months.
More...

Thanks for the response. Looking into this.

As far as retail accounts not being fdic insured... I am pretty sure they are. Ameritrade is.
 
I think the confusion arises because some brokers like ETrade have bank subsidiaries and they transfer your cash balance into an FDIC-insured account each night. Of course, you get a lousy interest rate, but you are FDIC insured, at least to their max of $100k. SIPC insures brokers but only to a max of $100k for cash I believe.
 
Quote from Nofear777:
I guess I can use Ameritrade but their website can't handle heavy loads of traffic. [/B]
More...

Hmmmmmmmmm - are you sure - noone are perfect but i doubt you will have more troubles along this line with Ameritrade than others.

If you are holding weeks at a time i would go with Ameritrade or Schwab. I kinda like the new SoGoTrade but not particularly for longer holds.

Quote from Tomato:
I am considing Velocity.. . [/B]
More...

One of the most respected guys on this forum uses Velocity. I don't trade futures but if i did i wouldn't need to know anything else about them.

When steve tvardek speaks birdman listens.
 
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