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RT emini comissions- are they cheaper in a prop firm?
- Thread starter TGpop
- Start date
It all depends on the volume of contracts you're moving per trade.
The first broker I ever started with a few yrs ago( OpenECry) charged me $4.00 RT (ES) as long as I averaged minimum 150-200 RTs per month. I now do 5-7 times that volume but thru another broker I now use(Dorman) and pay $2.90 RT.
Its all about volume discounting............
The first broker I ever started with a few yrs ago( OpenECry) charged me $4.00 RT (ES) as long as I averaged minimum 150-200 RTs per month. I now do 5-7 times that volume but thru another broker I now use(Dorman) and pay $2.90 RT.
Its all about volume discounting............
I'm not an expert in fees and commissions, but I'm pretty confident current exchange fees for YM are .91¢ plus NFA fee .01¢. All said, .92¢ per side. Anything over and above $1.84 RT is known as commission.
Quote from southbeach4me:
It all depends on the volume of contracts you're moving per trade.
The first broker I ever started with a few yrs ago( OpenECry) charged me $4.00 RT (ES) as long as I averaged minimum 150-200 RTs per month. I now do 5-7 times that volume but thru another broker I now use(Dorman) and pay $2.90 RT.
Its all about volume discounting............
Only 1000 RT's/month to get $2.90 ?
On what platform ?
why would anyone trade more than 4 contracts of ES per trade at, say, IB?
I don't get it.
why would you not trade stocks at a fixed commission rate at, say, TDAmeritrade, if you trade a large volume?
The more ES contracts you trade, the more commission you pay at IB.
But if you trade a stock at TDAmeritrade, you pay the same commission if you trade 50,000 shares a trade.
I don't get it.
why would you not trade stocks at a fixed commission rate at, say, TDAmeritrade, if you trade a large volume?
The more ES contracts you trade, the more commission you pay at IB.
But if you trade a stock at TDAmeritrade, you pay the same commission if you trade 50,000 shares a trade.
Quote from tripleE:
why would anyone trade more than 4 contracts of ES per trade at, say, IB?
I don't get it.
why would you not trade stocks at a fixed commission rate at, say, TDAmeritrade, if you trade a large volume?
The more ES contracts you trade, the more commission you pay at IB.
But if you trade a stock at TDAmeritrade, you pay the same commission if you trade 50,000 shares a trade.
Not everybody has the capital to meet the PDT requirements, you can trade 1 ES with as little as $400 performance bond.
You really DO NOT get it!