NinjaTrader Fees - Can you explain?

[Hal40]

Hi. I'm new to trading futures. I have been doing so via NinjaTrader for a month now, and I was wondering if someone could answer a question about how their fees work.

I'm trading a live account with real money. I don't have a license or lease. I have commissions in my account properties set to "NinjaTrader Brokerage Direct." So when I make a trade, the set commission amount is deducted from my "Cash Value" total as well as P&L.

However, at the end of the day, when everything is settled, the fees incurred are deducted from my "Cash Value" a second time, after being deducted at the moment the trade is made. And unless I'm missing it, I don't see any accounting of this on their daily trade reports.

Could someone please explain to me what is happening?

Thank you!

 

[NinjaTrader_Ray]

The fastest and most accurate way to have your question(s) answered is by communicating with us directly here - https://ninjatrader.com/Help.

Just taking a guess...When you enter a trade, a commission is subtracted, when the trade is exited, a commission is subtracted again. Commissions are applied on each contract traded both on entry and exit.

*This answer applies to futures. The NinjaTrader platform will apply commissions to equity trades based how the user sets it up inside the platform to reflect the stock brokers commission schedule.

 

[Overnight]

Hi. I'm new to trading futures. I have been doing so via NinjaTrader for a month now, and I was wondering if someone could answer a question about how their fees work.

I'm trading a live account with real money. I don't have a license or lease. I have commissions in my account properties set to "NinjaTrader Brokerage Direct." So when I make a trade, the set commission amount is deducted from my "Cash Value" total as well as P&L.

However, at the end of the day, when everything is settled, the fees incurred are deducted from my "Cash Value" a second time, after being deducted at the moment the trade is made. And unless I'm missing it, I don't see any accounting of this on their daily trade reports.

Could someone please explain to me what is happening?

Thank you!

I believe what you are seeing is exactly what pretty much every futures broker quotes..."per-side" commissions.

Easiest way to check is to compare your total commish for that day on your statement with what is stated on their website, (or your account agreement if it is different from the standard generic deal).

Remember...Most futures brokers quote commish and fees on a per side basis. So at the end of a trade, the total will be double (The round-trip cost).