ES comissions

Quote from barnetda:

I am definately paying $7 RT.

Just looked at my first trades on Friday. I bought 5 Es and then Sold 5 Es. My com charge including all exchange fees etc was $17.50 on the buy and $17.50 on the sell.

I am happy with my brokers execution but i definately will talk to them on monday re my coms.
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just about any discount broker would chop that figure on your volume. Shop around, but don't go with a schlep organization, in these terrible times.

You should go with someone with a good rep, a long history, and some size to them. Stay away from the 3-man Introducing Brokers, in other words.

Someone like InteractiveBrokers or ThinkOrSwim wouldn't be bad.
 
Quote from TraderZones:

just about any discount broker would chop that figure on your volume. Shop around, but don't go with a schlep organization, in these terrible times.

You should go with someone with a good rep, a long history, and some size to them. Stay away from the 3-man Introducing Brokers, in other words.

Someone like InteractiveBrokers or ThinkOrSwim wouldn't be bad.
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Many thanks. Much appreciated.
 
Quote from barnetda:

I am paying $3.50 per lot per trade. So if i buy 2 contracts and sell 2 contracts i pay a total of $14.00 (3.50*4)

What should i pay?
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You've been taken to cleaners...sue your broker!
If your vol is true, then I can get you 3.50 RT from my broker, feed, NT and Zen and all fees included!
That would be way below IB and everyone else!
 
Quote from Surdo:

I am fairly sure The OP is reading his statement wrong!
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unless i really dont understand it i am sure i am paying $3.50 per contract.

I just looked again at my statement.

As an example i bought 6 /ES fee was $21.

I then sold 6 /ES and the fee charged again was $21

AM i confused?
 
I just totalled all my trades from friday. I bought a total of 84 ES and Sold a total of 84 ES/

My brokerage fee in total was $588

Thats $3.50 per contract and $7 rt right??
 
Quote from ML_QUANT:

You've been taken to cleaners...sue your broker!
If your vol is true, then I can get you 3.50 RT from my broker, feed, NT and Zen and all fees included!
That would be way below IB and everyone else!
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price is not the only thing. Reputation and reliability is also important. Read the broker reviews here - some are hated.

Who is "your broker" ??
 
Quote from TraderZones:

price is not the only thing. Reputation and reliability is also important. Read the broker reviews here - some are hated.

Who is "your broker" ??
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The execution and reliability of my broker is very good. I would rather not flame my broker until i have spoken to them on monday and given them the chance to reduce my fees.
 
Just an update.

I contacted my broker and they dropped my fee to $5 per r/t.

While i accept that i could probably get as low as $3.50 i feel the service that i receive is worth the additional.

I just wanted to thank the posters here for the advice , it saved me a fortune going forward.

thank you.
 
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