Which futures firm do you use and why?

Quote from optionzztrader:

No overnight margin, all in a day's margin.....I do not like carrying overnight positions. I pretty much trade throughout the day, that's it.
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YOu can call or email tos and get better daytrading margins... they wont do 500 but You can prob get 2000....
 
Quote from stevesbg:

May not matter to YOU but for my uses, I want to know how they handle problem days (exchanges down because of problems, natural disasters, outages, etc) what is their plan for answering the many phone calls they would get from customers trying to get out? How many dedicated lines do they have in place?

As Oldtrader tried to point out, margin is set by the exchange. Mirus may have some arrangement but overnight is not negotiable (I realize the OP doesn't keep em overnight/I do).

Let me put it this way, if there's a choice between two brokers, one who has a good plan in place for emergencies and one who simply lets the phone ring, I'll pay a bit more for the better prepared broker. It only takes ONE event (remember you can lose more than your account if a trade goes the wrong way) to take you out of the game and out of your life savings if it goes badly wrong.....

Good luck
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....the voice of common sense!

i agree.

the best way in my experience to get this is to find a broker with their own memberships at the exchange. this means they will take ownsership of all issues, and not have to call their executing member.

the op simply needs to go to the cme & ice web sites and approach the member brokers listed.

check out velocity. i dont use them, but a thinking of changing.
 
does anyone out there actually max out their buying power with these $500 intraday margins?

just seems crazy to me (me being someone who learned the hard way just how much leverage can bite you in the ass).
 
Quote from FredBloggs:

....the voice of common sense!


the op simply needs to go to the cme & ice web sites and approach the member brokers listed.
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I went there and didn't find the member brokers list do you have a link handy? thanks
 
Quote from samiotis:

I went there and didn't find the member brokers list do you have a link handy? thanks
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sorry, it turns out i was wrong. they are not a member firm. id be interested in knowing who they do clear through.....?
 
TOS has day margin available.. they reduce the margin req to 33% of overnight, but you must post 15k in your futures account to qualify for day
 
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