Is 3.20 for clearing and exchange fee normal?

R

Razorsharp

This is for currency futures.

My brokers is currently charging me 3.20 clearing and exchange + 1.80 round turn?

Would u say this is expensive?

I would think the clearing fee should be lower?

Anyone else can offer anything better?
 
Quote from Razorsharp:

nope i am getting charged

commish 1.82
clearing 3.20
nfa .02
transaction .50

so total 5.54 round turn.

seems kinda pricey no ?
More...

uh, yeah!

bottom line. just drop your broker and move your money somewhere else.

Plenty of places 4.5 and under rt.

what are you trading though?
 
Quote from ChkitOut:

should be 2.3 rt

1.50 exchange
.78clearing
.02 nfa
More...

That is the price for ES, not for Forex futures.

ES exchange fees total $1.14 a side ($2.30 RT with NFA fee).

Forex exchange fees total $1.60 a side ($3.22 RT with NFA fee).
 
Quote from Razorsharp:

nope i am getting charged

commish 1.82
clearing 3.20
nfa .02
transaction .50

so total 5.54 round turn.

seems kinda pricey no ?
More...

What the heck is the transaction charge of $0.50 ?

Forex CME Globex exchange fees total $1.60 a side.

Two cheaper brokers are:

Lightspeed charges $0.50 a side plus exchange and NFA fees ($0.50 + $1.60 + $0.01 = $2.11 a side or $4.22 RT).

futuresbroker.com charges $0.75 a side plus exchange and NFA fees ($0.75 + $1.60 + $0.01 = $2.36 a side or $4.72 RT).


Of course for those prices you may not like the trading platforms, data feeds or customer service.
 
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