suggested ES/MES broker for low frequency trades

[vic38]

Looking to open a futures account as TDA futures transx costs are ridiculous. Looking for suggestions given the following requirements/preferences, thanks.

Instruments: just ES/MES/NQ/MNQ, don't need anything else
Transaction frequency: 5-10 round trip trades per week
Maintenance fees: preferably zero or very low cost
Transaction fees: low cost, but doesn't need to be ultra low cost
API access: strongly preferred as I eventually want to run this on a VPS on AWS or similar
Platform: not required if I can connect to broker via Quantower
Mobile app: would be helpful, but not an absolute requirement
LTA availability: eventually want to open accounts for family members, so I'd need limited trading authorization, which I assume every broker is set up for

Not sure what else I should be looking for. Thanks for any suggestions.

 

[TrAndy2022]

Advantage Futures with as low as 7 cent per contract for commission. They have also very good infrastructure and can help you with your setup.

 

[schizo]

I don't think anyone can beat AMP futures when it comes to overall fees. Just don't expect any hand holding from them.

https://portal.ampclearing.com/account/commissionquote.aspx

 

[Overnight]

I don't think anyone can beat AMP futures when it comes to overall fees. Just don't expect any hand holding from them.

https://portal.ampclearing.com/account/commissionquote.aspx

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But one of his requirements is API access, and I don't believe AMP offers that directly. But I guess you could hook into a CQG API as they offer them asa data feed choice.

 

[schizo]

But one of his requirements is API access, and I don't believe AMP offers that directly. But I guess you could hook into a CQG API as they offer them asa data feed choice.

That's right, AMP offers Quantower which uses CQG API.

 

[ph1l]

But one of his requirements is API access, and I don't believe AMP offers that directly. But I guess you could hook into a CQG API as they offer them asa data feed choice.

Amp supports CQG, Rithmic, and Trading Technologies APIs.
https://www.ampfutures.com/trading-platform/cqg-api

https://www.ampfutures.com/trading-platform/rithmic-r-api

https://www.ampfutures.com/trading-platform/trading-technologies-tt-api

 

[ondafringe]

I don't think anyone can beat AMP futures when it comes to overall fees. Just don't expect any hand holding from them.

https://portal.ampclearing.com/account/commissionquote.aspx

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That is not the all-in cost for most of AMP's customers.

 

[schizo]

That is not the all-in cost for most of AMP's customers.

Your're right. Here's the correct fee for CQG/Quantower for those with less than $10k initial deposit. (I've also attached NinjaTrader and Interactive Brokers for comparison).

In passing, I should mention that real thieves aren't necessarily the brokers but CME (the exchange), who keeps raising the damn fee just about every year.

 

[ondafringe]

Your're right. Here's the correct fee for CQG/Quantower for those with less than $10k initial deposit. (I've also attached NinjaTrader and Interactive Brokers for comparison).

In passing, I should mention that real thieves aren't necessarily the brokers but CME (the exchange), who keeps raising the damn fee just about every year.

View attachment 332189

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And I would add that, if you happen to use Sierra Chart and SC's Denali data feed, all-in cost would be the same as Volume Tiered/TT-Trading Technologies.

 

[schizo]

And I would add that, if you happen to use Sierra Chart and SC's Denali data feed, all-in cost would be the same as Volume Tiered/TT-Trading Technologies.

Well, the OP specifically mentioned that he plans on running Quantower on a VPS. Anyway, that's good to know. How much are you currently paying monthly for the entire SC/Denali package?

• API access: strongly preferred as I eventually want to run this on a VPS on AWS or similar
• Platform: not required if I can connect to broker via Quantower