Any US brokers that allow mini futures?

[1a2b3cppp]

I just saw an ad for www.gomarketsaus.com which allows partial futures contracts (so like you could trade 0.1 ES contracts).

That is AWESOME. Their commissions were reduced by whatever fraction of a contract you trade. So he said round trip on an ES is $12 AUD, so round trip on 0.1 ES would be $1.20.

But when I chatted with their tech support he goes "we don't accept US customers."

So are there any that do? Mini futures would be fantastic to learn whie limiting your losses. Losing 4 points on the ES = -$200. Losing 4 points on .1 ES = $20 who cares

 

[Surdo]

Trade 5 shares of SPY you dork!

 

[1a2b3cppp]

Quote from Surdo:

Trade 5 shares of SPY you dork!

Listing each trade individually for taxes, PDT rule, wash sale rule.

 

[Surdo]

I guess you are undercapitalized to trade a WHOLE entire ES?

 

[1a2b3cppp]

Quote from Surdo:

I guess you are undercapitalized to trade a WHOLE entire ES?

I'd like to scale in/out and I'm undercapitalized to do that with WHOLE ESs. I have around $22k in my account and I'm not really in the mood to be losing large percentages of it if I hit a 2 point stop loss.

 

[Surdo]

A 2PT stop in ES will get hit all day long, learn to recognize high probability trades and use a larger stop.

Good trading!

 

[l2tradr]

If you don't want to risk any money, paper-trade. 22K in your account is plenty of capital for you to trade 1 contract, come on...

 

[brownsfan019]

This is classic... partial ES trades...

Just another way to suck in some $5000 accounts to bleed a slightly slower death.

Good idea to target that niche though.

 

[1a2b3cppp]

So is the answer then that no, there aren't any US based brokers that allow you to trade mini futures?

 

[1a2b3cppp]

Quote from l2tradr:

If you don't want to risk any money, paper-trade. 22K in your account is plenty of capital for you to trade 1 contract, come on...

I said I want to scale in and out. Can't do that with 1 lots.