What Futures Broker to Use?

[movingaverage]

mofos charging 10$ for round turn on es

 

[Tradex]

we can nestle into the fact that all executions on the futures side are clean and crisp.

Oh no, they are not. If you are day-trading or scalping (say more than 20 times a day), some futures brokers will eat a significant portion of your capital just with the negative slippage alone.

 

[movingaverage]

13 years

 

[Overnight]

Oh no, they are not. If you are day-trading or scalping (say more than 20 times a day), some futures brokers will eat a significant portion of your capital just with the negative slippage alone.

I dunno where this idea comes from. Must be from stock traders.

If you do not want negative slippage, use limit orders.

 

[movingaverage]

i saw every damn thing between them years

 

[movingaverage]

13 years... i never called them .. they did to me to make sure i was doing alright.

 

[rb7]

Oh no, they are not. If you are day-trading or scalping (say more than 20 times a day), some futures brokers will eat a significant portion of your capital just with the negative slippage alone.

How would they do that?
Apart from being slow to direct your orders to the exchanges.

 

[Tradex]

Apart from being slow to direct your orders to the exchanges.

That's one way to do it.

In fact this so-called "latency" can bring millions of extra profits to the brokers, each year, at the expense of the retail traders...

High frequency firms use a similar trick, but at warp speed.

 

[DevBru]

That's one way to do it.
In fact this so-called "latency" can bring millions of extra profits to the brokers, each year, at the expense of the retail traders...

And how exactly do you think a futures broker profits from that? You know futures are traded on a regulated exchange, right?

 

[Tradex]

You know futures are traded on a regulated exchange, right?

Stocks too, so what?

You think Amazon or Facebook are traded over the counter?

Come on.