New Futures Account: RCG (Sweet Futures), Velocity, or Global?

[JangoFolly]

Opinions please.

I'm shopping for a new broker. The three finalists are Rosenthal Collins Group (RCG -- their retail division is called Sweet Futures), Velocity Futures and Global Futures.

I'm only trading electronic CL lately, so the commission comparisons are pretty straightforward. I'm basing the price comparisons on 50 RTs per day.

RCG is currently winning the price side, with $650/mo. for XTrader and $0.50/side plus exchange fees (works out to $3.94/RT). My only issue with them is that although RCG is a big name in the futures world, I can't find out much about the quality of their retail operations.

Velocity is $500/mo. for XTrader and $4.54/RT. There are plenty of reviews of Velocity, and they all seem to be glowing. Another plus is that their intraday margin on the CL is only $1000. I don't risk more than $200/contract on my trades, and I hate to tie up capital in my trading account unnecessarily.

Global is currently bringing the rear with mixed reviews, $650/mo. for XTrader, and as-of-yet unspecified commissions (it sounds like it will be around $0.65/side plus fees, which works out to $4.24.

Also, I'm assuming that XTrader is going to run just the same, regardless of who my broker is. Please correct me if I'm wrong.

Any and all opinions are welcome and appreciated. Thank you.


Regards,

 

[bennie83]

Opinions please.

I'm shopping for a new broker. The three finalists are Rosenthal Collins Group (RCG -- their retail division is called Sweet Futures), Velocity Futures and Global Futures.

I'm only trading electronic CL lately, so the commission comparisons are pretty straightforward. I'm basing the price comparisons on 50 RTs per day.

RCG is currently winning the price side, with $650/mo. for XTrader and $0.50/side plus exchange fees (works out to $3.94/RT). My only issue with them is that although RCG is a big name in the futures world, I can't find out much about the quality of their retail operations.

Velocity is $500/mo. for XTrader and $4.54/RT. There are plenty of reviews of Velocity, and they all seem to be glowing. Another plus is that their intraday margin on the CL is only $1000. I don't risk more than $200/contract on my trades, and I hate to tie up capital in my trading account unnecessarily.

Global is currently bringing the rear with mixed reviews, $650/mo. for XTrader, and as-of-yet unspecified commissions (it sounds like it will be around $0.65/side plus fees, which works out to $4.24.

Also, I'm assuming that XTrader is going to run just the same, regardless of who my broker is. Please correct me if I'm wrong.

Any and all opinions are welcome and appreciated. Thank you.


Regards,

Did you choose in the end?

 

[GFETC-Michelle]

Opinions please.

I'm shopping for a new broker. The three finalists are Rosenthal Collins Group (RCG -- their retail division is called Sweet Futures), Velocity Futures and Global Futures.

I'm only trading electronic CL lately, so the commission comparisons are pretty straightforward. I'm basing the price comparisons on 50 RTs per day.

RCG is currently winning the price side, with $650/mo. for XTrader and $0.50/side plus exchange fees (works out to $3.94/RT). My only issue with them is that although RCG is a big name in the futures world, I can't find out much about the quality of their retail operations.

Velocity is $500/mo. for XTrader and $4.54/RT. There are plenty of reviews of Velocity, and they all seem to be glowing. Another plus is that their intraday margin on the CL is only $1000. I don't risk more than $200/contract on my trades, and I hate to tie up capital in my trading account unnecessarily.

Global is currently bringing the rear with mixed reviews, $650/mo. for XTrader, and as-of-yet unspecified commissions (it sounds like it will be around $0.65/side plus fees, which works out to $4.24.

Also, I'm assuming that XTrader is going to run just the same, regardless of who my broker is. Please correct me if I'm wrong.

Any and all opinions are welcome and appreciated. Thank you.


Regards,

Hi JangoFolly,



Thank you very much for your question.



I want to take this opportunity to tell you and to all what we currently offer for X_trader® platform at Global Futures.

We are currently offering $0.45 per side plus Exchange and NFA fees.



For example: for Crude Oil, the total cost will be: $1.91/side per contract or $3.82/round turn per contract (including current Exchange and NFA fees). The current platform fee is $650/month for X_trader® with 1 license.



Please be aware that the platform fee, commission rates and the Exchange fees are subject to change.



Click on link below to view our commission schedule for X_trader® platform users

http://www.globalfutures.com/futures/company/commission.asp?refid=t2w



If you have any more questions, you may email me at [email protected] or call me at 877-367-3177 ext 120 (Toll-Free: US/Canada) / 1-818-728-0415 ext 120 (International).





There is a substantial risk of loss in trading futures, options and forex. Past performance is not necessarily indicative of future results.