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Date/Time: Sat, 30 May 2020 02:52:28 +0000



Best Futures Broker

[2020-05-23 19:12:49]
marcelperez - Posts: 19 | Ending Date: 2021-10-13
I am thinking of switching from interactive brokers to another broker.

ANy recommendations? Phillip? Advantage?
[2020-05-24 00:39:29]
Sierra Chart Engineering - Posts: 85680 | Ending Date: 2020-06-09
We will let other users answer as well.

But from our experience Advantage is fine. Phillips is fine but you need to go through an introducing broker to work with Phillips. We will have to get a list for you.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. If possible please keep your questions brief and to the point. Please be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

If your question/request has been answered and you do not have anything further, then it is easiest for us if you do not reply again to say thank you.
[2020-05-24 01:30:25]
marcelperez - Posts: 19 | Ending Date: 2021-10-13
Ok, have you heard about ADM Investor Services?

The commissions on IB are 0.47 per contract including fees but I want to avoid using their API.

I checked this list :
https://www.managedfuturesinvesting.com/2019-top-fcms/

it seems as ADMIS and RJ Obrien are the best capitalized.
[2020-05-24 16:13:25]
marcelperez - Posts: 19 | Ending Date: 2021-10-13
So Apparently ADMIS is not supported.

I just contacted Wedbush and RJ'Orien to see if they support.

In order of capitalization and assets under management:
1.Interactive Brokers
2. ADMIS
3. RJ Obrien
4. Wedbush
5. Phillip
6. Advantage
7. Doorman
8. AMP

Just sharing this info with everyone.
[2020-05-24 16:20:40]
marcelperez - Posts: 19 | Ending Date: 2021-10-13
The problem with Advantage is that their commissions are crazy high....

Phillip offered lower commissions than Interactive Brokers but would charge me $20 per month just to connect with Sierra/TT so it would be $40 a month for that...


Advantage Futures Commissions:
VOLUME SCALE  RATE ($)  
0 - 100   $0.99  --
101 - 1,000  $0.69  --
1,001 - 2,000  $0.49  --
2,001 - 5,000  $0.29  --
5,001 - 10,000  $0.19  --
10,001 -  $0.07
[2020-05-25 13:19:59]
Sierra Chart Engineering - Posts: 85680 | Ending Date: 2020-06-09
You can find brokers that will give you .49 commission per contract per side who support the Sierra Chart order routing service. Check with Stage 5.

How do you calculate this?:
so it would be $40 a month for that...

Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. If possible please keep your questions brief and to the point. Please be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

If your question/request has been answered and you do not have anything further, then it is easiest for us if you do not reply again to say thank you.
[2020-05-25 13:29:50]
AlexiaDiaz - Posts: 2 | Ending Date: 2021-06-04
$20 for SC Order routing service and $20 Phillip will charge for connection with Sierra/TT

I will check with Stage 5 thanks
[2020-05-25 19:27:53]
Sierra Chart Engineering - Posts: 85680 | Ending Date: 2020-06-09
Yes check with them.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. If possible please keep your questions brief and to the point. Please be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

If your question/request has been answered and you do not have anything further, then it is easiest for us if you do not reply again to say thank you.

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