Earn 2 Trade the gauntlet

[Earn2Trade-Ryan]

Lets say I have 25K of my own money to fund a Futures acct with. Lets say I pay $2.56/RT + $199.00/month with Tradovate.

But here with Earn2Trade I can keep my money and trade for giving up 20% of my profits. Do they have a free platform to use that is a true commish free arrangement without any pass through fees?...such as Exchange fees...NFA fees...etc?

ES

Unfortunately our prop firm partners do not offer any commission free or fee free platforms at this time.

 

[caacapital]

Lets say I have 25K of my own money to fund a Futures acct with. Lets say I pay $2.56/RT + $199.00/month with Tradovate.

ES

There are free broker platforms you can use Unless you trade a lot tradovate will cost you more money also you should be able to get lower commissions than that by just asking. I’m still amazed people pay $3.45/RT at TD ameritrade. Smh

 

[ElectricSavant]

So give me your cheapest ES combo...I do not care. I do not need a DOM. I trade off of a chart. Assume I trade 525-675 ES contracts per month and make 10% a month. Can you give me something that makes sense? I understand the favorable tax treatment over here...that's why I am here, but I am not buying your money at loan shark rates ok?

ElectricVinnySavant

Unfortunately our prop firm partners do not offer any commission free or fee free platforms at this time.

 

[Earn2Trade-Ryan]

So give me your cheapest ES combo...I do not care. I do not need a DOM. I trade off of a chart. Assume I trade 525-675 ES contracts per month and make 10% a month. Can you give me something that makes sense?

ES

Everyone starts at $0.50/side commission at the prop firm. On top of this you have exchange+nfa fees and then if you use a data feed like CQG/Rithmic/TT, you likely have a $0.10-$0.25/side transaction cost for the platform. Once volume is demonstrated in the live account, you can request a view for lower than $0.50/side.

 

[ElectricSavant]

So I what is the total per R/T right now for the ES?

ES

Everyone starts at $0.50/side commission at the prop firm. On top of this you have exchange+nfa fees and then if you use a data feed like CQG/Rithmic/TT, you likely have a $0.10-$0.25/side transaction cost for the platform. Once volume is demonstrated in the live account, you can request a view for lower than $0.50/side.

 

[Earn2Trade-Ryan]

So I what is the total per R/T right now for the ES?

ES

For Rithmic feed:
$0.50 broker commission + $0.02 NFA + $0.25 Rithmic + $1.18 exchange = $1.95/side = $3.90RT

 

[ElectricSavant]

With a 2K deposit at Tradovate I could trade 3 contracts ($500/per) which I would never do. I would pay $199.00/MO for $2.56 RT. (AMP trading less deposit at $400.00 per)

So I would trade 25K (your money) for $3.90RT + $175.00/mo. to save $24.00/month and increase my commish with $1.34RT..what am I missing here?

ES

For Rithmic feed:
$0.50 broker commission + $0.02 NFA + $0.25 Rithmic + $1.18 exchange = $1.95/side = $3.90RT

 

[Earn2Trade-Ryan]

I can trade 3 contracts at Tradovate for a 2k deposit which I would never do. I would pay $199.00/MO for $2.56 RT.

So I would trade 25K (your money) for $3.90RT + $175.00/mo. to save $24.00/month and increase my commish with $1.34RT..what am I missing here?

ES

Where are you getting $175/mo?

 

[ElectricSavant]

ok sorry...

With a 2K deposit at Tradovate I could trade 3 contracts ($500/per) which I would never do. I would pay $199.00/MO for $2.56 RT. (AMP trading less deposit at $400.00 per)

So I would trade 25K (your money) for $3.90RT and give you 20% of the profits $250.00 (5% a month) to save $199.00/month and increase my commish with $1.34RT at the same tax advantage that I have now? What am I missing here? Don't you think that that is an expensive 25K that prolly has a 3 contract limit?

ES

Where are you getting $175/mo?

 

[Earn2Trade-Ryan]

ok sorry...

With a 2K deposit at Tradovate I could trade 3 contracts ($500/per) which I would never do. I would pay $199.00/MO for $2.56 RT. (AMP trading less deposit at $400.00 per)

So I would trade 25K (your money) for $3.90RT and give you 20% of the profits $500.00 to save $199.00/month and increase my commish with $1.34RT..what am I missing here?

ES

First question would be, if you have $25k of your own money you can safely risk, and you're a profitable trader, why would you want to work with a prop firm?

Key take aways are; 1) It's not your money at personal money at risk. 2) You're with a bigger FCM which some people feel better about.

Other than that, it's a question you would need to answer yourself.