Choosing a Futures Broker
Trading from Home with GB
English - July 14, 2020 13:00 - 22 minutes - 15.6 MBInvesting Business Education Courses futures trading commodity trading futures markets interest rates technical analysis trading trader trading fundamentals Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
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In this episode, we talk about choosing a broker.
This chat considers the following:
Full service versus discount. Commissions rates.Data fees. Other fees.Access to software. Access to data.Access to markets.Questions to consider or ask a potential broker:
Do you have day discounted day trading markets? Do they change the commissions you pay? Do you support exchange traded spreads and spread margins? Examples: calendar spreads NoB, FyT, ZW-KW and If I have an account in two currencies, one negative and one positive (but net positive overall), am I charged a fee on the negative balance?(If trading options) do you charge round turn upfront for short options? Or do you charge for expiring options?Are there other fees I need to know about?Other questions:
Is there a package deal on data? For example, is there a US futures package or a worldwide future package?Can I keep funds in one currency and trade in another without extra fees or penalty?