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Velocity Futures, LLC
- Thread starter Chuck Rost
- Start date
But everyone (as in 100% of the firms) survived the flash crash and very few futures operations went down in 2008/09. Is this a standard?
Quote from Grandluxe:
That is concerning but they did survive the flash crash and all the craziness in 2008 didn't they? I don't think they were affected by those episodes.
i dunno, maybe their risk management is really great.
I traded with them in 06-07, and had no issues. Centinel issue was a bit worrisome, and I wired back 1/2 of my funds just in case.
If someone thinks that large firm is less probable of implosion, then MF Global obviously shows otherwise.
I would say IB, among most FCMs, has the lesser chance of blowing up due their their technology and risk management.
If someone thinks that large firm is less probable of implosion, then MF Global obviously shows otherwise.
I would say IB, among most FCMs, has the lesser chance of blowing up due their their technology and risk management.
Quote from Swan Noir:
Can someone tell me, in light of what we all know about the weakness of segregation, where the upside is in being with them?
there is none... I had posted a comparison and the mods removed it... that should tell you something... velocity is basically the bottom of the barrel when it comes to balance sheet.
Yet Velocity is the FCM to a number of introducing brokers.Quote from ofthomas:
there is none... I had posted a comparison and the mods removed it... that should tell you something... velocity is basically the bottom of the barrel when it comes to balance sheet.
I remember seeing Velocity years ago and it was the same thing with their small net capital cushion.
Good to know for future reference.Quote from ofthomas:
you can get GSET with 1MM only...
if you need a small FCM.. pick AMP, or Crossland, or Dorman.... going with Velocity, regardless of anything said by anyone, entails more risk than you should bear... even if their account management platform is excellent... you can have similar platform with other FCM's (like Vision for example...)
OFTHOMAS, Ironbeam on your list looked familiar. I came across that name a week or two ago after receiving a 'promoted' message in Twitter from a futures broker called Generic Trade (Ironbeam is their FCM): 59 cts commission per side (plus exch fees). That price was surprising coming from an introducing broker. If Generic Trade passes along x to Ironbeam, and they'll take retail accounts with no minimum deposit, it seems like they need to have a ton of customers to make money.
I just glanced at the Generic site. Wasn't looking for a new futures broker and I'm never impressed when I have to hunt for an 'about us' or 'history' or 'management' page and come up empty. I don't know why they think people will send money to a more or less anonymous presence on the internet, but apparently, people do. (I realize the funds are with the FCM, but the FCM's page isn't any better)
I just glanced at the Generic site. Wasn't looking for a new futures broker and I'm never impressed when I have to hunt for an 'about us' or 'history' or 'management' page and come up empty. I don't know why they think people will send money to a more or less anonymous presence on the internet, but apparently, people do. (I realize the funds are with the FCM, but the FCM's page isn't any better)
Quote from Brighton:
OFTHOMAS, Ironbeam on your list looked familiar. I came across that name a week or two ago after receiving a 'promoted' message in Twitter from a futures broker called Generic Trade (Ironbeam is their FCM): 59 cts commission per side (plus exch fees). That was surprising coming from an introducing broker. If they pass x along to the FCM, and they serve the retail market, it seems like they need to have a ton of customers to make money.
I just glanced at their site. Wasn't looking for a new futures broker and I'm never impressed when I have to hunt for an 'about us' or 'history' or 'management' page and come up empty. I don't know why they think people will send money to a more or less anonymous presence on the internet, but apparently, people do (I realize the funds are with the FCM, but the FCM's page isn't any better).
59c is nothing new bud... DDT, who introduces for Crossland, can do that in their sleep... and going directly to CRS can get you lower if you trade decent volumes..
anyhow, IronBean was formed recently, about a year or two ago I think... consolidation from two FCMs... they approached me long ago, but I personally wasn't all that convinced...
True, I was aware of the Deep Discount Trading price, but DDT seems clear that they're only looking for experienced self-directed traders and the platform fees can run a few hundred bucks a month or more.
Generic/Ironbeam, if their platform is any good, might be a better deal because it's only $59/mo. All depends on frequency of trading, of course.
Anyway, glad to see the low prices, just wish these newer guys would tell people a little bit more about themselves. They're not establishing a social network to post pictures of what you had for lunch...
Generic/Ironbeam, if their platform is any good, might be a better deal because it's only $59/mo. All depends on frequency of trading, of course.
Anyway, glad to see the low prices, just wish these newer guys would tell people a little bit more about themselves. They're not establishing a social network to post pictures of what you had for lunch...