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Date/Time: Fri, 19 Apr 2024 02:52:52 +0000

Post From: Best Futures Broker

[2020-06-21 20:59:08] Link To Thread - Link To Post [Go To First Post]
AlexiaDiaz - Posts: 6
A couple of reasons. 1) I intraday trade futures, not stocks. I hold stocks for longer time frame, 1 day in 2nd or 3rd day out. I wanted to separate the two types of trading. 2) IB requires higher margin, $1,200 for micro for intraday trading. If you are disciplined and know what you are doing, it is a better allocation of capital. With a $2k account with AMP i can take $10k and deploy them in other asset clases (i.e stocks). 3) No need for an API. 4) Lower commissions all in. IB is $0.94 round trip per Micro ES, AMP + TT /Denali is $0.78 ($0.29 x 2 AMP + $0.10 x 2 for Denali) 5) I don't hold futures overnight. 6) Sierra no longer provides technical support for IB. I still use Sierra with IB but the moment it is not supported, I can either switch to tradestation or use TWS for swing trading. I am no longer scalping stocks. I used DAS trader before but its not worth the price. Hope this helps. AMP is legit but it is not a broker to allocate $50k or $100k. If you want to scalp futures and just do intraday on futures, it is a good broker.