open e cry commissions - how much do you pay

S

shahdad

ive opened a demo account with open e cry and ive gotten an email that says what the commissions are. i should note when opening the account they ask how much you currently pay for commission, right now i pay 70 both ways

the qoutes they have given me seem a little high and i think are based on the fact that i pay 70 right now

anyone that has an account with them, can you please tell me how much you pay for electronic and pit?

thx
 
Quote from shahdad:

ive opened a demo account with open e cry and ive gotten an email that says what the commissions are. i should note when opening the account they ask how much you currently pay for commission, right now i pay 70 both ways

the qoutes they have given me seem a little high and i think are based on the fact that i pay 70 right now

anyone that has an account with them, can you please tell me how much you pay for electronic and pit?

thx
More...

Generally speaking, you should be able to get $4.00 all-in (or less) RT for eMinis, slightly more for currency & ag electronics, and $10 all-in (or less) RT for pit.

In my experience, OEC may be a bit higher for pits, but insignificant for my style of trading pit traded commodities.

HTH
 
I opened an account with them (my first live account) about a year ago with 5k and got $5.80 for Electronic and $15.04 for Pit.

I'm sure there are cheaper brokers around, but I found their trading platform so good that I stuck with them until I decided to return to papertrading for a while :D

When I do open a new account, OEC will be one of the brokers I'll consider doing business with.

-Skog
 
Quote from shahdad:

$70, thats with a local firm, not online

ya i know thats a lot
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You know you can negotiate your commissions based on the amount of activity on the account
 
Quote from shahdad:

$70, thats with a local firm, not online

ya i know thats a lot
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do they take you out for dinners once in a while with that deal?
 
ya 70 is a lot, its broker assisted but you barley use their advice anyways, thats why i decided to switch to an online platform


so ive got a quote from oec, i renegotiated and its 5 electronic, 4.8 for mini and 14 for pit

for now i think thats reasonable

once i start making trades at a higher level then i will renegotiate with them again
 
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