Ostc?

[pelzar]

Evening all...

I am looking for some information on OSTC, what do people on here know about them, please give me everything you know, would be greatly apreciated.

Pelzar!!

 

[BSD]

You probably mean these guys:

OSTC UK - Global Financial Trading Facilities

Fraid I don't know anything about them, but saw from their web site that they have offices in Poland, which would be good tax wise, 19%.

 

[trader_dante]

Did you pursue this, Pelz?

 

[Directional]

OSTC used to be On Screen Trading, merged with Trading Connections a few years back. Have some tie-up with Kyte. Met some of the guys there once, seemed like a decent bunch.

 

[KASA]

OSTC have very high Desk Fee, high cost of trading, profit split, It is much better to trade Your own account, You will get better commission rates than OSTC in www.gnitouch.com!

 

[blancspa]

OSTC have very high Desk Fee, high cost of trading, profit split, It is much better to trade Your own account, You will get better commission rates than OSTC in www.gnitouch.com!

how could you know that?

 

[KASA]

how could you know that?

I worked there...

 

[blancspa]

I worked there...

but you re a broker now?

 

[KASA]

no I`m individual trader.

 

[blancspa]

did you work for Ostc in UK or abroad?

 

[KASA]

In Poland.

 

[blancspa]

OSTC have very high Desk Fee, high cost of trading, profit split, It is much better to trade Your own account, You will get better commission rates than OSTC in www.gnitouch.com!

If you dont mind, could you give some more details about their fees and splits?

 

[KASA]

You will have to cover arround 40k GBP year cost Desk Fee, if You do so, OSTC will give You 50% above 40k GBP, after Tax there is nothing left for You, additionality OSTC makes a lot of money on high transactions cost 0.76GBPthis cost is when you make 20k STIRS spreads), but if You make below 20k a month You pay 1.16GBP, ( in GNI 0.70GBP with 10k spreads).

 

[blancspa]

You will have to cover arround 40k GBP year cost Desk Fee, if You do so, OSTC will give You 50% above 40k GBP, after Tax there is nothing left for You, additionality OSTC makes a lot of money on high transactions cost 0.76GBPthis cost is when you make 20k STIRS spreads), but if You make below 20k a month You pay 1.16GBP, ( in GNI 0.70GBP with 10k spreads).

People trade outrights there?
tx

 

[KASA]

People trade outrights there?
tx

only futures spreads

 

[rosehound]

they are absolutely massive in gasoil, if that helps, spreads though, dozens of guys sitting on gtc's, waiting for a fill..... like a cheetah, stalking its prey........ and falling asleep i imagine

 

[blancspa]

That`s right but, every trader pay there broker fee (for Kyte Group) 0.40$ per trade, this is way to much, as a individual trader I can get 0.1$ with volume 50k, I know traders that make such volume there and they pay 0.40$ instead 0.10$, what`s the difference? check out 0.40$ - 0.10$ = 0.30$x50k = 15k $ that`s a lot of money for OSTC and KyteGroup but not for YOU! it is better to work for free than for OSTC

I ve checked with Gni Touch and they offer me 0.97 eurocent RTP for Eurex products, Do you know where I could get cheaper?

 

[KASA]

I ve checked with Gni Touch and they offer me 0.97 eurocent RTP for Eurex products, Do you know where I could get cheaper?

It depend what volume are You going to make...?

 

[blancspa]

It depend what volume are You going to make...?

considerably low, as I am a retail trader, what are the bounds?

 

[KASA]

considerably low, as I am a retail trader, what are the bounds?

maybe try http://www.infinityfutures.com/ or http://www.globalfutures.com/

it depend what You need because X_Trader cost 650-750$ a month in Global Futures with Fee as low as 0.45USD or 0.45EUR plus exchange cost with volume from 0-9999 but there a also free trading platform with higher transaction cost, like Turbo Trader.

ps www.AdvantageFutures.com is also a great broker from US.