Looking for the cheapest DAX, EUROSTOXX 50 broker?

H

herringtrader

Hello,

I am looking for the cheapest broker for trading the DAX and the DJ EURO STOXX 50. The best deal I have found so far is with PROACTIVEFUTURES. I plan to trade only 3-5 contracts per day.


0-350 contracts per month, including all exchange, clearing and NFA fees

DAX: $3.6 round turn

DJ EURO STOXX 50: $3.2 round turn

Does anyone know a broker who beats these prices?
 
Quote from herringtrader:

Hello,

I am looking for the cheapest broker for trading the DAX and the DJ EURO STOXX 50. The best deal I have found so far is with PROACTIVEFUTURES. I plan to trade only 3-5 contracts per day.


0-350 contracts per month, including all exchange, clearing and NFA fees

DAX: $3.6 round turn

DJ EURO STOXX 50: $3.2 round turn

Does anyone know a broker who beats these prices?
More...

Assuming you're not holding overnight positions, then with IB for the first 300 contracts in a month you'll pay:

DAX: Eur 3.02 r/t
ESTX50: Eur 2.62 r/t
 
I plan to trade around 80 contracts per month and I will never hold overnight, only daytrade.

I found the following information on the Interactive brokers website:

DAX round turn: 4 EUR

EUROSTOXX 50 round turn: 4 EUR

Do I misunderstand something?
 
Quote from herringtrader:

I plan to trade around 80 contracts per month and I will never hold overnight, only daytrade.

I found the following information on the Interactive brokers website:

DAX round turn: 4 EUR

EUROSTOXX 50 round turn: 4 EUR

Do I misunderstand something?
More...

Yes. That's our bundled commission. If you are daytrading then you should check out the unbundled rates.
http://www.interactivebrokers.com/en/accounts/fees/futuresPricing2.php?ib_entity=llc
 
Thanks very much! IB has about the same commissions than PROACTIVEFUTURES.

Just a final question! I looked at the bundled and unbundled commission comparison table and it seemed that the unbundled was always cheaper. Why would a daytrader choose the bundled commission?
 
Quote from herringtrader:

Thanks very much! IB has about the same commissions than PROACTIVEFUTURES.

Just a final question! I looked at the bundled and unbundled commission comparison table and it seemed that the unbundled was always cheaper. Why would a daytrader choose the bundled commission?
More...

Yes, in most cases an active daytrader would be better off with the unbundled rate.
 
Quote from herringtrader:
...Why would a daytrader choose the bundled commission?
More...
Quote from Steve_IB:
Yes, in most cases an active daytrader would be better off with the unbundled rate.
More...
@Steve_IB
this is no answer to the question! I am requesting, because i had the same question like herringtrader: ...Why would a daytrader choose the bundled commission?

Please can you give a case, where the bundled commission is the better choice?
 
It looks like there are no reasons for a DAY TRADER to chose the bundled rate if ONLY EUREX futures are involved.
 
I just started trading the Bund, my volume is low, but I have a pretty good rate, I am using Strategy Runner, my rate is below 3€ round turn, no quotas

NQS :cool:
 
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