Newbie. Some advice needed about brokers

[Connected 10]

I am a new trader looking to open my first brokerage account. I spend the last 7 months demo trading and studying the markets. I read about the emini contracts and it looks like an ideal market to trade for someone like myself.

 

Im looking for some advice on brokers that offer cheap commisions. What is a good commision rate? Thanks

[Labcast 10]

If you are looking to trade the eminis, I would say anything under $5 roundtrip for commission is reasonable. Anything over it is too much.

[Maxwell 10]

If you are looking to trade the eminis, I would say anything under $5 roundtrip for commission is reasonable. Anything over it is too much.

 

I agree. Also look into the execution of your broker. You dont want delay when executing an order.

[Piptrader 10]

Try using a different data vendor and a broker. Also, pick a broker that you can reach in case of an emergency. If they are likely to put you on hold for several minutes, forget about it.

[Galacticus 10]

 

Im looking for some advice on brokers that offer cheap commisions. What is a good commision rate? Thanks

 

Pick IB. It's the best. And you don't need cheap: you need a serious one.

[jiken 10]

Some of broker might be sound too good to be true. If you want to get a good broker, find information from broker reviewer. Check how those broker is being accused and how it is being answered by the admin or by the traders.

[tradeforever 10]

You can visit some reviews site as FPA or voting sites as forex-ratings.com to find some good brokers. To me I recommend you Hotforex, it has good bonus, low spread, fast withdrawal.

[ratrader 10]

For day trading I like infinity... if you want a broker recommendation email me.

[jiken 10]

Trusted broker is the broker that not offering funny bonuses. They have a good review from the traders or non-traders. The traders that can give good review and answering to non-trader of that broker. That shows how good the broker is.

[tradeforever 10]

Yeah, one good broker has to make ít traders happy and satisfied with its services. It's not only the bonus, broker has still offer a lot of things for trader like spread, payment, trading environment,...

[ratrader 10]

If you want an actual name of a good broker (and there platform) I'll send you the name of my mine.... just send me a private message

[raul 10]

I switched from TradeStation to Daniels Trading, their platform is called dTPro which comes from OEC. Commissions are $5.90 but I think low commissions is not the only thing to go by. My broker does not charge me for the platform and I pay no fees for data feed. With TradeStation I had to pay for the platform (if not enough trades) and data fees to several exchanges, their commissions were much lower but if I called, I would get bounced around, my broker answers when I call.

You are limited to only 10 charts with dTPro.

 

You might want to look at the Russell 2000, there are many articles showing that it trends better. Crude Oil beats them both on potential profits though.

Edited April 5, 2013 by raul
Add more info

[henryduncan12 10]

Sound good! You already spend good time with demo account, I will suggest you avafx broker that’s a regulated, reliable and trusted broker in forex. it’s offers the best manual and automated trading system.

[gavind 11]

I got them too. I occasionally use them and so far, all I can say is that they really pay on time.

[com37 10]

I am a newbie, I am from indonesia..can I open an eminis account from Indonesia?