Australian (ASX) Stock Market Forum

Eminis... which broker?

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Hi All,

Could someone help me understand why you need eSignal if ZenFire is available free and Nina Trader has Charting included, Is it just for the historical data?

Does the free zenfire feed include the European E-Mini index?

And im getting a bit confused when i go to the esignal site, which package is the most appropriate for the S&P500, Russel2000 & Europe index?

any advice greatly appreciated.
 
chris2009 said:
Hi All,

Could someone help me understand why you need eSignal if ZenFire is available free and Nina Trader has Charting included, Is it just for the historical data?

Does the free zenfire feed include the European E-Mini index?

And im getting a bit confused when i go to the esignal site, which package is the most appropriate for the S&P500, Russel2000 & Europe index?

any advice greatly appreciated.
Click to expand...

look at AMP futures..also you get
zen fire... margin very cheap..for ES mini, great for a scalper..


http://www.ampfutures.com/

ac;)
 
Hi All,

I have been looking at opening an account with Mirus Futures. I contacted a Sydney company called Halifax investment services, they say to go through them and they manage the account with Mirus. I don't understand why i should not go straight to Mirus, is there a problem in opening an account in the USA for Aussies i just dont want to endup dealing with 2 accounts or lasing through people when there is no need for it or pay additional fees?
 
Hi Chris2009

If you haven't already discovered....... Halifax charge big fees, and yes, why pay fees twice? I have not been a client, but know some unhappy ex-clients of theirs.........

There are companies which offer much cheaper brokerage than Halifax.
 
I used to use Halifax, but closed my account and went direct to a broker in the US.

IMO, Halifax are useless. They charge a fortune and their service is pathetic. I have never had a good experience while trading with them.

My advise is to open an account directly with a broker of your choice in the US. I currently use Velocity Futures. Their rates and margins on the ES and YM are really good.

I use Ninja and this works really well. Ninja is great and basically free.
 
MACD said:
My advise is to open an account directly with a broker of your choice in the US. I currently use Velocity Futures.
Click to expand...


I am really interested in getting an account with Velocity Futures, because of their free X trader offer.

However when I contacted them to open an account, they told me that they could not service Australian residents. Did you have the same issue? and if you did how did manage to get around it?

Cheers
 
Jittybug,

Quite a few contributors comment on using a US Broker over a local Broker. Any particular reason for opting towards a US Broker like Velocity over our local industry?

Cheers.
 
GMS said:
Jittybug,

Quite a few contributors comment on using a US Broker over a local Broker. Any particular reason for opting towards a US Broker like Velocity over our local industry?

Cheers.
Click to expand...

Well the commissions are pretty decent, and also my main reason for opting for velocity is their free X trader platform (but for higher commissions of course)
 
jittybug said:
I am really interested in getting an account with Velocity Futures, because of their free X trader offer.

However when I contacted them to open an account, they told me that they could not service Australian residents. Did you have the same issue? and if you did how did manage to get around it?

Cheers
Click to expand...

I didn't have that problem with the broker I use in the US.
A lot of forms to fill out, and the method of transferring money is very strictly observed (anti money laundering and terrorism laws), but no restriction on Australian residents at all.
 
i didnt think there would be any problems also...
i even asked if a friends, that has a different citizenship, could register so i could trade on his behalf...but the operator told me if that friend resides in Australia he cannot register.
 
Anybody have experience with Optionsexpress? They have an office in Australia.

What about Saxo as well.

Or for quality and reliability is there no point looking in Australia at all yet and we should look straight to overseas?
 
dazers said:
Anybody have experience with Optionsexpress? They have an office in Australia.

What about Saxo as well.

Or for quality and reliability is there no point looking in Australia at all yet and we should look straight to overseas?
Click to expand...

How often do you trade? Is there some reason why you need an Australian Broker?

Interactive Brokers is the cheapest most reliable. Don't expect 'bend over backwards' service.

CanOz
 
Just getting a view of the landscape at the moment.

Are there advantages of having a broker in Australia speedier deposits and withdrawals, and tighter regulation?

I suppose IB is a massive company though so its safe and alot cheaper comissions add up in the long run. Just the sending of $10k overseas is a bit hard to swallow.

What about the use of IBs' platform through Halifax - does anyone have experience with that setup?
 
dazers said:
Just getting a view of the landscape at the moment.

Are there advantages of having a broker in Australia speedier deposits and withdrawals, and tighter regulation?

I suppose IB is a massive company though so its safe and alot cheaper commissions add up in the long run. Just the sending of $10k overseas is a bit hard to swallow.

What about the use of IBs' platform through Halifax - does anyone have experience with that setup?
Click to expand...

My IB funds are actually held in B of A in Sydney:confused:, in Australian Dollars. If you are worried about counter-party risk, the same risk exists in Australia with brokers going bust as easily as international brokers. IB is big, but CQG are quite reputable too from what i've heard.

You've got allot bigger worries before you worry about a broker.

CanOz
 
CanOz said:
Oh, yup your right TH, well there ya go...my bad! I was sure they offered Brokerage as well:confused:

CanOz
Click to expand...


most of the US brokers offer CQG cause its cheap to hook up allegedly.. If you want to trade SPI on TT, give me a PM it literally took me an age to find one that did it at reasonable commissions
 
white_goodman said:
most of the US brokers offer CQG cause its cheap to hook up allegedly.. If you want to trade SPI on TT, give me a PM it literally took me an age to find one that did it at reasonable commissions
Click to expand...

Why would you use TT though? Its a piece of sh!te. IBs book trader which is free or Zeroline trader is next to nothing and have way more feature's.

You don't even get stops with TT and SFE do you?
 
Trembling Hand said:
Why would you use TT though? Its a piece of sh!te. IBs book trader which is free or Zeroline trader is next to nothing and have way more feature's.

You don't even get stops with TT and SFE do you?
Click to expand...

1) im comfortable using it
2) i get all exchanges for only 500 a month without rebate (way cheaper than CQG IC) - dont know how or why they do that
3) dont ever use stops
4) get way better rates than at IB
5) hate booktrader - plus isnt their something different with the way they compile their ladder?
 

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