Discount brokers futures options
ICE delivers transparent, reliable and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures and Liffe. EUREX is one of the world's leading derivatives exchanges offering a broad range of international benchmark products, operating the most liquid fixed income markets in the world and featuring open and low-cost electronic access.
AgenaTrader Powered by Rithmic. Why Trade With Us? We are a professional discount futures brokerage firm established on the foundation of offering top notch customer service at an affordable commission rate for every size futures trader worldwide.
Yes, Trade Futures 4 Less offers server co-location for traders who want faster, low latency access to Rithmic's exchange matching gateway: Futures trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment.
Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. We can see why. On the surface, Interactive Brokers looks like a great choice.
They have very cheap commissions and offer access to products that other brokers do not, like US dollar futures that trade on the Mexican Derivatives exchange or options on Euro-Bund futures. For one, IB charges for order cancelations. The exact pricing structure for canceling orders is opaque and not easy to understand. Order cancellation fees are off-set be executed trades, but the problem occurs when total cancelled orders exceed the number of executed orders for the day.
Very few brokers charge for oder cancelation, and IB is one of them. At The Options Bro, we like to put on a lot of futures positions and short options positions, and IB was not happy with this. IB is not paying employees to actively look at the risk of all of their client accounts.
Instead, they have an algorithm that determines the daily exposure fee pricing and charges clients accordingly. We held this exact same position with three different brokers and there was no problem with the margin risk team at all — IB was the only brokerage firm that gave us a hassle. We this said, we had an account with Interactive Brokers for approximately three months, and it was the worst three months of our lives — seriously.
Not only were we charged a bundle of stupid fees, but we also had several of our positions auto-liquidated that resulted in moderate losses. In one instance, we had too many futures positions in our account, and our margin buying power temporarily went negative due to futures exchanges raising the margin requirements for their products.
IB did not provide us this courtesy. This causes more forced selling and an eventual account blow up. Options spreads can often be very wide for a number of reasons.