Regulated Future Broker?

T

travoyaz

Hi
Can someone suggest some good Regulated Future Broker for retail trader?

It should have E-mini futures, Mini-futures (not CFD's) to make it possible to trade with 1 or 2k account size.

The futures prices need to be accurate and be same as on the market.
The orders need to be executed on the real market.

And have a decent web based gui for trading.
 
Hey there -

We're a US-based and regulated FCM with both the NFA & CFTC. We offer all of the CME/Globex futures as well as Eurex, and ICE EU/US. We don't have account minimums and our trading platform is a web based gui. If you have any questions please feel free to reach out :)
 
travoyaz said:
Hi
Can someone suggest some good Regulated Future Broker for retail trader?

It should have E-mini futures, Mini-futures (not CFD's) to make it possible to trade with 1 or 2k account size.

The futures prices need to be accurate and be same as on the market.
The orders need to be executed on the real market.

And have a decent web based gui for trading.
More...

AMP for cheapest micro commissions.
 
Ironbeam said:
Hey there -

We're a US-based and regulated FCM with both the NFA & CFTC. We offer all of the CME/Globex futures as well as Eurex, and ICE EU/US. We don't have account minimums and our trading platform is a web based gui. If you have any questions please feel free to reach out :)
More...
Having tried the Ironbeam demo platform, there are a number of glitches present, such as trades immediately showing massive profit etc. I pointed this out to Ironbeam customer service over a year ago and nothing was ever done about it. I don't think the futures prices, at least in the Demo accounts are accurate at all.
 
Con1991 said:
Having tried the Ironbeam demo platform, there are a number of glitches present, such as trades immediately showing massive profit etc. I pointed this out to Ironbeam customer service over a year ago and nothing was ever done about it. I don't think the futures prices, at least in the Demo accounts are accurate at all.
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Which platform did you demo? The Firetip X demo uses one of our live quote servers so the prices are definitely accurate. As for the demo trades showing incorrect PL it would be hard to investigate after this much time, but this isn't a complaint I've heard in recent memory. If you happen to experience this again please let us know.
 
Ironbeam said:
Which platform did you demo? The Firetip X demo uses one of our live quote servers so the prices are definitely accurate. As for the demo trades showing incorrect PL it would be hard to investigate after this much time, but this isn't a complaint I've heard in recent memory. If you happen to experience this again please let us know.
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I was using the Firetip web based demo. Took my account to 34 million in a few days trading mostly futures spreads, which I thought was quite unrealistic. For example the Brent/Gasoil 3:4 ratio crack spread upon opening would show an immediate profit of 1 million +. I have no screenshots at this point but I did at the time.
 
Con1991 said:
I was using the Firetip web based demo. Took my account to 34 million in a few days trading mostly futures spreads, which I thought was quite unrealistic. For example the Brent/Gasoil 3:4 ratio crack spread upon opening would show an immediate profit of 1 million +. I have no screenshots at this point but I did at the time.
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Thanks for the info, I'll have this checked out.

My early guess would be that there was a big difference between the 'Last' on the spread versus the actual bid/ask, so the demo would give you fills at the 'Last' even though the spread wasn't trading there anymore and you placed an order on the Bid. Trading in and out of that on a demo account would generate a big PL pretty quickly. It's one of the caveats of a demo account. Since your orders aren't actually going to the exchange matching engine its quite difficult simulate how your order would be matched, especially on products or spreads where the Last and current bid/ask aren't near each other. This of course doesn't happen on a live account since your orders are actually sent to the exchange.
 
Please I want recommendation of someone who is using a such broker that I ask about. Not recommendation from the broker itself
 
Ironbeam said:
Thanks for the info, I'll have this checked out.

My early guess would be that there was a big difference between the 'Last' on the spread versus the actual bid/ask, so the demo would give you fills at the 'Last' even though the spread wasn't trading there anymore and you placed an order on the Bid...
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That is EXACTLY the problem. Even the best demo engines will sometimes goof up. Ninja's engine sometimes does the same thing...Shows an instant profit or loss on a simple outright entry of a very liquid product, with 1 tick B/A spreads.

@Con1991 you should use the demo account for getting to know your platform, and not whether your trade ideas will work in real-time.
 
travoyaz said:
Please I want recommendation of someone who is using a such broker that I ask about. Not recommendation from the broker itself
More...


Well, you have two votes for AMP (from me and DevBru. I use them, not sure if DevBru does. So then so far it is only one. Oh, wait, I don't think they have a web-based GUI for trading.).

So you have no votes for AMP. Sorry.
 
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