Binary option robot AGO: Generic trade futures options

Review of the Online Futures Broker Generic Trade.

A Good Value, but No Frills.

There are many online futures brokers to choose from, but comparing brokers has become an increasingly complex endeavor. Comparing the real commission rates and fees to trade futures and options has become somewhat of a quest for the truth in the sea of commodity broker ads. Many firms place contingencies on their offers or entice you with teaser rates.

Generic Trade is the first online futures broker I have seen to create obvious transparency for traders when they go to the company’s website to get more details.

The website is basic and straight to the point - no bells, no whistles.

Generic Trade's Commission Rates.

Commodity traders love low commissions and that is normally one of the first things they check when they look at an online futures broker. The commission rate is 59 cents per side plus exchange fees and NFA. They provide a link right next to the commission rate to check the total fees on each market.

On the popular E-mini S&P futures contract, the total round turn cost is $3.50, which beats most brokers. However, you do have to factor in the $59 monthly cost if you want to use the Firetip trading platform. Rates on other markets and futures options are also at the low end of the scale compared to other discount brokers. The small retail trader will have a difficult time finding a better commission rate, but large and very active traders can find slightly better rates at a few online brokers.

Trading Platforms.

Generic Trade has two trading platforms available. The first is a web-based platform that is very generic, as many are. It has real-time quotes and charts (must be refreshed) at no cost, news and the normal portfolio information. Trades can be placed and monitored through the online platform.

I wouldn’t want to use it to actively trade futures, but I’m told that some active traders like to use it. There is no cost for the web-based platform.

The other trading platform is the desktop version called Firetip. This trading platform works very well and has most of the features traders want. There is a $59 monthly fee for Firetip, which you have to factor into your trading costs. Many brokers charge a platform fee and some waive it if you do enough trades each month. The $59 monthly fee does cover the exchange fees for real-time quotes from the exchanges. That alone can often cost well over $100 a month for multiple markets.

Traders who choose to use the Firetip platform also have access to the online platform. This is a nice feature where you can check futures quotes and charts, get portfolio updates and place trades from any computer with internet access.

This is not the type of firm that offers a great many extra services for their clients. For those who don’t need research reports and trading recommendations ed to them every day, a firm like this might make sense. I’m sure most online traders will appreciate that Generic Trade has no salespeople, so you don’t have to worry about a broker calling you every day or upselling you to a full-service account.

Generic Trade does have 24-hour support, and that along with good technology and trade execution is probably all that most traders need. Generic Trade has no minimum account balances (to open or maintain), no minimum trading activity and no account maintenance charges. They offer the same rates and services to all clients, which is quite unusual.

From reviewing their website and speaking with Marc Nathan at Generic Trade, I can tell they are trying to do something different. They are setting themselves apart from the competition by offering a straightforward and fair deal to all traders, regardless of account size and experience. In reality, I think they are just getting back to the basics that most un-jaded futures traders would expect.

Generic Trade Review: A Viable Low-Cost Futures & Options Trading Alternate.

Following the financial crisis of 2008-09, the level of confidence in the options, FX, and futures commission merchant trading landscape was badly dented.

Futures & options traders struggled to gain enough courage to jump back into the saddle and get back into the race.

Their challenge has always been:

Finding the right brokerage firm/FCM to partner with Getting access to the right trading tools and technology Receiving a balance between fees charged and service expectations.

With over 20 years of experience to lean on, Generic Trade seems to fit all those bills with great ease!

Why Would You Want to Consider Generic Trade?

If you are a futures and options trader looking for a straightforward vehicle to conduct your trades, you might want to give Generic Trade a closer look.

The company bills itself as a " no bells, no whistles " service provider whose sole aim is to "focus on the needs of the online futures and options trader."

From our review, it seems that they are doing a great job of it.

As a member of Generic Trade, you'll find yourself avoiding most of the restrictions that would be enforced upon you by some of the company's larger (and more "prominent") peers, including:

The need to maintain unrealistic minimum account balances Unnecessary enforcement of minimum trading volume requirements Penalties for non-conformance with these requirements.

What's also refreshing is the fact that, in addition to comparatively lower fees, the company's transparent fee structure means that you save yourself a lot of needless negotiations and haggling with salespeople and brokers each time you place a trade.

Since there are no "multi-tiered" fee structures, professionals and "casual" traders qualify for the same low rate – 59 cents a trade!

One of the most talked about concerns, expressed by traders and investors alike, is around the stability and solvency of their trading partners.

When you put your money to work through a broker/FCM, you want assurances that your money is safe in their hands.

With Generic, that's exactly what you get.

Generic Trades is registered with the U. S. Commodity Futures Trading Commission (CFTC), the federal government agency whose mission is "…to protect the market users and their funds, consumers, and the public from fraud, manipulation, and abusive practices related to derivatives and other products that are subject to the Commodity Exchange Act."

So, that means you are dealing with a credible partner.

What we also find great about Generic is that it is also a member of the future's industry regulatory body, the National Futures Association (NFA) .

This means that, as the industry watchdog, the NFA closely watches the policies and practices of each of its members and provides regular (daily!) updates to the CFTC.

With such financial and regulatory compliance monitoring systems in place, we are fairly confident that traders' interests are well safeguarded.

Trading today is all about technology – speed and reliability – and Generic clients seem to get the best of both worlds here too!

The company has continued to keep abreast with online trading trends and technologies.

When it comes to connecting to CME Globex, Generic has a co-location agreement in place, which puts its clients as close (physically) to the action as possible.

That allows Generic clients to benefit from the lowest port-to-port latency connection of less than 500 nanoseconds.

In many trades, speed matters … because even a single nanosecond can be the difference between making a windfall and losing it all!

Therefore, the company has also invested heavily in redundant, cross-country data center technology, which gives clients a high degree of service assurance in the event that there is a service outage at a primary data center.

Traders can also access the same level of sophisticated trading tools on all platforms, including Macs, iOS devices, and Windows-based desktop and mobile devices.

For the low prices it charges its clients, Generic Trade offers plenty of choices to futures & options traders.

In addition to the price attraction, you should consider Generic Trade if you are looking for:

Choice of trading accounts: individual, joint, partnership, corporate, trust and IRA 24×7 tech support Integrated trading technology and tools Professionally-designed, downloadable as well as web-enabled platforms Blazing fast connection speeds High-end trading analytics support that offers a multitude of indicators for informed trading decisions 1-click trading, trading matrix, bracket trading, and depth trader Multiple devices supported (desktops, mobile, Mac, iO, and more) Multiple trading platforms: Generic Trader Online, Generic Trader Professional, and mobile application, depending on your preference and trading needs.

If you are a trader looking for a platform that comes with great service, leading-edge technology, highly intelligent trading tools, robust financial stability, and trading security, then Generic Trade is definitely worth exploring.

You'll be paying for the trade, not for the frills that other similar platforms wrap under the guise of higher fees.

Reasonable efforts have been made to present accurate information, however all info is presented without warranty. Review AdvisoryHQ’s Terms for details. Also review each firm’s site for the most updated data, rates and info.

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Generic Trade Review.

Welcome to the NerdWallet review of Generic Trade! We’ve included all the information you need to make an informed decision. Do you already have an account with Generic Trade? We’d love to hear your opinion in the comments section so that others can learn from your experiences.

Generic Trade charges the same low fee of $0.59 for all trades, but users are restricted to only trading futures and options on futures.

By sticking to the basics, Generic Trade manages to offer futures and options traders great commissions without sacrificing on platforms or imposing a lengthy list of fees. The firm provides a variety investment vehicles – from individual and joint brokerage accounts to trusts and IRAs – and is open to applicants from most international countries. Prospective users should note that the firm only offers options on futures, not on securities.

On both futures and options commissions, Generic Trade is extremely competitive with other specialty brokerages. The firm also charges few additional fees – including none for account maintenance – but does pass on exchange fees. These vary, but most run between a dollar and two dollars per contract. The only potential drawback for the brokerage’s most-active traders is that Generic doesn’t negotiate commissions, however, very few traders could broker a better deal than the firm routinely offers all customers.

To cater to both less-experienced and more-experienced traders, Generic Trade offers two platforms: Generic Trade, which is web-based, and Firetip, which users download and run from their desktop. While beginner platforms at some firms are nearly useless, Generic Trade isn’t a throwaway. While not offering all of the functionality of Firetip, the platform is clean-looking and user-friendly and boasts real-time market data, in addition to third-party research and education. Firetip assesses a $59 per month platform fee, but users might find it worthwhile for its direct-market access and advanced charting capabilities.

One way Generic Trade finances its low commissions is by cutting broker access – customers can’t talk with one to complete trades. They can, however, call a 24-hour help line with technical or trading issues. They may also or use the live chat service.

Generic Trade knows its audience, and serves them well. While less-experienced futures or options traders may appreciate broker access, most in these already-advanced fields will appreciate the firm’s low fees and powerful platforms.

Minimum initial deposit: $0 Stock Trades: N/A Options Trades: $0.59 per contract, per side Company Research: Free Data: Free Trading Platforms: $59/mo.

Account minimum is below average.

Does not provide broker-assisted market orders.

Mobile Access 24/7 customer service.

Futures Options on futures.

Do you use Generic Trade? Please share your opinions in the comments section to help others make informed decisions.

Does Generic Trade sound like the right brokerage for you? If so, visit their website to learn more or to sign up for an account.

Binary option robot AGO

четверг, 3 мая 2018 г.

Generic trade futures options

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четверг, 3 мая 2018 г.

Generic trade futures options

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четверг, 3 мая 2018 г.