Cheapest Prices on Futures Trading
- Thread starter ysettle
- Start date
I assume that is one-side, all-in?
At IB, I pay 62 cents, all-in, per side for the Micro Emini. That commission is much higher than the equal E-mini, but just minor scaling-in and out, more than pays the extra comm.
I've traded at IB for about 30 years, mostly with larger accts, but have had some problems lately, so have cut-back. The problems had to do with individual stock options & exercise during the day.
Futures trading in various mkts, have not been an issue, but IB does not offer any discounts on margins for futures, so sometimes I buy SPY options, 1-3 days, with almost no premiums, rather than sp futures.
Your broker has to eat too, stop being cheap and pay your broker. Just being a bit tongue and cheek there.
I pay $0.86 at Plus500, but their daytrading margin, customer service, and fast deposit and withdrawals make up for it.
Are you a trader doing high frequency trading? If not, I don't think it is worth it to try and shave off pennies on your commissions. If you cut your comissions by 5 cents, that only saves you $500 on every 10,000 trades. If you are taking 10,000 trades, you should be making so much money that $500 in savings is a rounding error.
Happy broker, happy life.
ib charges 62 cents, amp charges 60 cents, take your pick.
If you trade less than 1000 trades (500 round trips) a day, that extra 2-cent savings is pretty meaningless. Plus IB offers one of the best portfolio margins and highest interest on your parked cash.
Am I missing something? I used to trade futures with Interactive Brokers. Their daytrading margins were to put it very kindly, not competitive.
I have both. For swing/position trades, including FOPs, IB is all in one, if you can search it, it can be traded. High margin requirement is a plus so I have to be mindful of my NLV. On the another hand, AMP is funny money, have to put a hard stop loss if you are not careful about the leverage.